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1 2011 South Dakota Indian Business Alliance Community Development Financial Institutions (CDFI) Fund 2011 South Dakota Indian Business Alliance.

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Presentation on theme: "1 2011 South Dakota Indian Business Alliance Community Development Financial Institutions (CDFI) Fund 2011 South Dakota Indian Business Alliance."— Presentation transcript:

1 1 2011 South Dakota Indian Business Alliance Community Development Financial Institutions (CDFI) Fund 2011 South Dakota Indian Business Alliance

2 2 CDFI Programs What is the CDFI Fund? How does the CDFI Fund achieve its mission? Native Initiatives (NACA) CDFI Program (FA and TA) Other CDFI Fund Programs What is a certified CDFI? Banks, bank holding companies and thrifts Credit unions Loan Funds (non-profit and for-profit) Venture Capital Funds

3 3 Native Initiatives: Introduction Native American CDFI Assistance Program (NACA): Financial and Technical Assistance (FA/TA): Maximum request amounts $750,000 FA for certified or certifiable Native CDFIs $150,000 TA for all applicants Capacity Building Portfolio Management CDFI Capitalization Financing Healthy Foods Webinars

4 4 NACA Program: FY 2011 Highlights Most applications in a single funding round 88 Applications from 24 states requesting: $26.8 million for FA/TA $8.2 million for TA only $12 million funding available Applications received from following groups: 39 Certified or Certifiable 26 Emerging 23 Sponsoring Entities

5 5 Certified Native CDFIs Headquarters

6 6 Native CDFIs by Cumulative Award Amount

7 7 Native CDFIs in South Dakota  The Lakota Fund Lent $4.7M in 25 years  660 micro/small business loans, 1000 jobs EITC, VITA, IDA services Starting a Federal Credit Union  Four Bands Community Fund Lent $2.3M in 10 years  Expanded 90 businesses, 150 jobs 2400 people received TA and training $250,000 in IDA matching funds  Lower Brule Community Development Enterprise Received $18M in New Markets Tax Credit Allocation Tribal economic development projects Real estate and business financing

8 8 CDFI Capacity Building Initiatives: Expanding Native Opportunities Expand technical assistance and training opportunities for Native Community Development Financial Institutions (CDFIs) nationwide Significantly boost the ability of Native CDFIs to deliver financial products and services to underserved communities

9 9 Growing Economies in Indian Country: “Taking Stock of Progress and Partnerships" Identify existing challenges to economic development in Indian Country; Identify best practices and solutions that address challenges; Discuss federal and regional economic development initiatives Reach rural populations Improve access to capital Infrastructure to build institutions Capacity Building Initiatives

10 10 Growing Economies in Indian Country: “Taking Stock of Progress and Partnerships" WORKSHOP LOCATIONS AND DATES June 28, 2011 Phoenix, AZ Hyatt Regency Phoenix July 19, 2011 San Diego, CA San Diego Mission Valley Marriott July 21, 2011 Portland, OR Courtyard Hotel Portland Airport August 30, 2011 Billings, MT Crowne Plaza Hotel September 20, 2011 Bangor, ME Hilton Garden Inn Bangor September 22, 2011 Lac du Flambeau, WI Lake of the Torches Convention Center PARTNERS Treasury, CDFI Fund/Native Affairs Federal Reserve System SBA, Office of Native American Affairs DHHS, Administration for Native Americans DOI, Indian Energy and Economic Development USDA, Rural Development HUD, Office of Native American Programs Department of Commerce, Office of the Secretary / Economic Development Administration OCC FDIC

11 11 Contacting the Fund Chris James Associate Program Manager, Native Initiatives jamesc@cdfi.treas.govjamesc@cdfi.treas.gov /202.622.8704 Brian Rozental Portfolio Manager, CDFI and NACA rozentalb@cdfi.treas.govrozentalb@cdfi.treas.gov /202.622.8643 Compliance Support: cme@cdfi.treas.gov / 202.622.8226cme@cdfi.treas.gov Technical Support: ithelpdesk@cdfi.treas.gov/ 202.622.2455ithelpdesk@cdfi.treas.gov


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