The US Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced a $140,000 Native American CDFI Assistance (NACA) grant award to First Nations Community Financial (FNCF) of Black River Falls, Wisconsin. The FY 2017 NACA Program award will lead to increased loans for small businesses, affordable housing, and community facilities in Native Communities, in addition to basic financial services that are essential to building household wealth and stability. As the award-making arm of the CDFI Fund’s Native Initiatives, the NACA Program has consistently supported the unique organizations that are doing such vital work in these communities. The grant to FNCF will be a major boost to the agency’s development.
The Native CDFI, currently led by Executive Director Becky Albert-Breed, provides small consumer loans, credit-repair loans, and small-business loans, in addition to one on one credit coaching and financial-empowerment training. FNCF’s office is located in Black River Falls, WI. FNCF’s target market is the Ho-Chunk Nation tribal community and other Native Americans within a 250 mile radius of the main office.