Across the U.S., Native CDFIs help tribal communities overcome barriers to economic development opportunities and capital access. Led and run by tribal members, the nearly 70 Native CDFIs nationwide provide a broad range of financial services and products that build individual assets and community wealth in Indian country.
In June 2019, OFN, First Nations Oweesta, and Wells Fargo proudly launched the Native CDFI Awards. A three-year program, the Awards honor and support Native CDFIs creating opportunity and promoting self-sovereignty measures and strategies that advance local efforts for community asset building within their tribal communities.
In 2019, we offered awards to Four Directions Development Corporation and Lummi CDFI:
- The Native CDFI Catalyst Award
The Native CDFI Catalyst Award will provide a $100,000 grant to one Native CDFI with the most compelling application supporting its plans to execute on its potential strategy. Prospective award applicants should demonstrate high capacity, solid financial performance, and a high level of readiness to implement the strategy within six months of receiving an award. Native CDFI applicants must be certified CDFIs and have at least $3 million in assets and audited financial statements.
- The Native CDFI Seed Capital Award
The Native CDFI Seed Capital Award will provide a $25,000 grant to one Native CDFI to support a strategy with great potential. For the Seed Capital Award, strategies can be in various stages of development. Applicants must be able to demonstrate how a grant will help develop or expand their promising idea, with the potential to implement the idea within 12 months. There is no minimum asset size for applicants, and applicants don't need audited financial statements.
More Information and to Apply
Please stay in touch and look out for announcements on the 2020 awards round.
NAtive CDFI Awards Partners