Native CDFI Network

Last week, NCN submitted formal comments opposing the proposed elimination of the ANA SEDS and SEDS-AK programs—longstanding initiatives that have supported economic development, Tribal capacity, and the growth of Native CDFIs for over 30 years.

These programs play a critical role in expanding access to capital for Native businesses, homeowners, and community development projects. NCN’s comments highlight concerns that the proposed changes would narrow funding priorities and reduce support for core economic development and technical assistance in Native communities.


https://loom.ly/OMtyBeg

🚨🚨 Yesterday, OMB published an updated apportionment schedule confirming its release to the U.S. Department of the Treasury of $289 million in remaining FY 2025 funding for the CDFI Fund – which includes $28 million for the NACA Program. Treasury has yet to publicly share an update regarding when it will announce and disburse the FY 2025 NACA FA awards.
https://loom.ly/tG3g-Rc