WHAT WE DO
Since we formed in 2009, the Native CDFI Network has been creating opportunities for Native community development financial institutions (CDFIs) to share our stories, identify our collective priorities, and strengthen our industry. Our aim is ensure that Native peoples are represented in the national policy dialogue and to spread the innovative solutions created by CDFIs throughout our Native communities.
WHAT ARE NATIVE CDFIs?
Native CDFIs help Native American communities overcome systemic barriers to entrepreneurial success, such as a lack of physical, legal, and telecommunications infrastructure, access to affordable financial products and services, and limited workforce development strategies. The majority of Native communities, 86 percent, lack a single financial institution within their borders to access affordable financial products and services.
Over the last decade, Native CDFIs have proven themselves key in developing healthy, vibrant Native economies and communities. Entering markets normally considered “high-risk,” they help place communities on a path to success – creating businesses, jobs, homeowners, and serving as the catalyst for developing local economies. Their unique programs and services are designed to build financial assets in the low-income populations they serve and provide access to economic opportunities.
OUR POLICY PRIORITIES
As the only national member coalition Native CDFIs in the country, the Native CDFI Network seeks to grow and strengthen Native CDFIs through policy advocacy, capacity building and access to capital that supports the economic prosperity of American Indian, Alaska Native and Native Hawaiian communities. Our nine-member National Board of Directors voted at our NCN Policy Summit to approve two key policy priorities:
- Adequate Capital Access by NCDFIs to Serve Native Peoples
- Industry Partnerships & Capacity to Serve Native Peoples & Areas
Read more about the policy goals we’ve established and our plans for carrying them out!
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THE LATEST FROM THE NATIVE CDFI NETWORK
NCN Submits Comments to the OCC regarding the Notice of Proposed Rulemaking to modernize the CRA In early May, the three agencies tasked with regulating banking institutions' compliance with the Community Reinvestment Act (CRA) jointly released their...
Breaking News: Your input needed on the CDFI Equitable Recovery Program (ERP) eligibility requirements.
On June 23, 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced the opening of the FY 2022 CDFI Equitable Recovery Program (ERP) round with the public release of a Notice of Funds Availability (NOFA). The NOFA set forth the deadline for...
U.S. Senate Announces Creation of Community Development Finance Caucus Today, U.S. Senators Mark R. Warner (D-VA) and Mike Crapo (R-ID) announced the creation of the Senate Community Development Finance Caucus (CDFC), a bipartisan caucus dedicated to supporting the...