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Stories Tagged as

Community development financial institution

Race and Economy

Native-serving financial institutions "fill gaps," but new federal rules could undermine them

by Savannah Peters
May 10, 2023
Community development financial institutions are mostly concerned about a ban on extended-term mortgages and balloon payments.
When Joshua Iron Shell decided to start his own roofing business, a Native CDFI helped him get his finances in order and secure a loan.
Courtesy Joshua Iron Shell
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For Community Development Financial Institutions, new rules are on the way

by Savannah Peters
Mar 7, 2023
The Treasury is changing the certification process for the first time in more than two and a half decades.
New requirements by the Treasury Department would tighten the mission of CDFIs by requiring money to go toward the most financially underserved groups.
John Moore/Getty Images
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New lender aims to boost access to credit for Native farmers, ranchers

by Savannah Peters
Dec 20, 2021
Indigenous agricultural producers say they've had it with the federal government's loan programs.
The Native American Agriculture Fund’s financial institution will support the tribe-owned community banks that many Indigenous producers use.
Cavan Images via Getty Images
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