NCN hosts SSBCI CDFI Participation Model discussion Jan. 4th

On Tuesday, January 4th, Native CDFI Network (NCN), Oweesta, Sovereign Council of Hawaiian Homestead Associations, and Clearinghouse CDFI partnered to co-host two webinars for Tribal Nations and Native CDFIs on accessing the State Small Business Credit Initiative (SSBCI) Program. Legal expert, Pilar Thomas, presented SSBCI key program updates, the summary of programs, statutory requirements, policy guide requirements, participation models, and program design (application and implementation). In addition, she discussed two of the four ready-made models: CDFI as lenders and equity investors and CDFIs as program administration for tribes. Pilar provided insights to multiple questions asked by the attendees, including questions about gaming facilities within the SSBCI Program, using an MDI as a replacement for CDFI, and who is eligible for the program.

“VERY informational. Thank you for putting this on,” said William Fish with the Sisseton Wahpeton Oyate.

This was very helpful. Thank you Pilar and NCN,said Jonelle Yearout, Nimiipuu Community Development Fund

The Native CDFI Network has been actively involved in providing support for Tribes and Native CDFIs that support the implementation of economic recovery efforts of our Tribal nations and our Native-owned small businesses.

The second session with Pilar Thomas discussing the SSBCI Program: CDFI Participation Models will be hosted on Wednesday, December 11, 2021 at 2 pm EST. Please register for this session if you are interested.

View the first session in its entirety below.