The federal Project Grant award in the amount of $1,800,000.00 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund through its Native Initiatives program (CFDA 21.012). The grant supports the Wisconsin Native Loan Fund, Inc., a nonprofit Community Development Financial Institution, in delivering financial services and capacity building to underserved Native American communities.
Specifically, the funding enables the Wisconsin Native Loan Fund to provide loans, financial counseling, down payment assistance, and debt consolidation to low-income individuals and underserved Native populations. Additionally, the organization serves as a sub-awardee on capacity building grants, carrying out objectives to promote organizational sustainability and access to affordable financial products and services. The award period runs from Sep 26, 2024 through Dec 31, 2027, supporting the CDFI's ongoing efforts to create jobs, build businesses, and foster economic self-determination in Native communities nationwide.
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