The federal Project Grant award of $2,600,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the Native Initiatives program (CFDA 21.012), aims to invest in and build the capacity of the awardee, Nacdc Financial Services, Inc., a certified Native American-owned CDFI. The grant will enable Nacdc Financial Services to deliver a range of affordable financial products, services, and technical assistance to underserved Native American communities and low-income populations across the United States. This includes establishing and maintaining small business loan programs, offering alternatives to high-cost small-dollar loans, and helping unbanked and underbanked populations build credit, access affordable capital, and integrate into the mainstream financial system. Additionally, Nacdc Financial Services has received several sub-awards, including a $25,000 grant from Enterprise Community Partners, Inc. to support the salary and fringe benefits of a Home Loan Administrator to oversee their home loan program. The overall objective of this federal grant award is to foster economic revitalization, job creation, and community development in Native American communities nationwide.
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