In a recent press release, the Federal Home Loan Bank of Des Moines and the Northwest Area Foundation announced a collaboration "to fund Native American-led community development initiatives across the United States."
"To launch the initiative, FHLB Des Moines awarded $5 million to the foundation to fund the work of Native Community Development Financial Institutions, . Based in St. Paul, Minn., the Northwest Area Foundation works with 75 Native American nations in an eight-state region, including Iowa."
“The Federal Home Loan Bank of Des Moines is excited to collaborate with the Northwest Area Foundation to support Native-led strategies that strengthen economic opportunities for Native people,” said Mike Wilson, president and CEO, FHLB Des Moines. “This partnership leverages both of our organizations' long-standing commitments to serving Native areas, and puts capital to work for the benefit of private economies and asset building strategies in Indian Country.”
Read the full press release here.