FOR IMMEDIATE RELEASE
September 22, 2017
Wisconsin Native loan fund receives $861,333 grant
U.S. Treasury Awards $861,333 to support Wisconsin Native Loan Fund’s Initiatives
Lac du Flambeau, WI, September 22, 2017 – This week, Wisconsin Native Loan Fund was awarded $861,333 from the U.S. Department of Treasury through the Native American Community Development Financial Institutions (CDFI) Funds. The FY 2017 FA awardees are headquartered in 15 states, which include 20 awarded organizations. Sum of the Awarded FA Grants total $12,964,998.
The CDFI Fund’s Native Initiatives generate economic opportunity for Native Communities by supporting the creation and expansion of Native CDFIs through the Native CDFI Assistance Program (NACA Program) and Capacity Building Initiatives. The Native CDFIs, in turn, help to create jobs, increase Native-owned businesses, establish or improve affordable housing and provide access to affordable financing while providing a foundation of development services within Native American communities.
“We are very pleased to announce the FY 2017 CDFI Program and NACA Program recipients. This is the largest pool of awardees in the history of the CDFI Fund. These award recipients represent diverse array of organization types and community investment strategies, serving broad spectrum of communities. We are especially proud that one-third of the awardees have committed to investing in Persistent Poverty Counties.” U.S. Treasury CDFI Fund Director Annie Donovan
This grant will help support WINLF’s mission to increase financial self-sufficiency of Wisconsin Native American Communities. WINLF has the mission and passion to elevate tribal members by building their capacity to help them become economically stronger and navigate through the economic landscape. The ultimate goal of WINLF is to retain money in the community and teach people to become more self- reliant and economically independent.
A complete list of recipients can be found at https://www.cdfifund.gov/Documents/FINAL%202017%20NACA%20Award%20Book%20091817_for%20web.pdf
If you would like more information about this topic, please contact Fern Orie, CEO at 715.588.1600 or email at firstname.lastname@example.org.