U.S. Treasury Awards $1,088,000 to Chi Ishobak in support of Tribal Communities
DOWAGIAC, Michigan (November 19, 2019) – Sean Winters, Executive Director of Chi-Ishobak, announced that the U.S. Department of Treasury’s Native American CDFI Assistance (NACA) Program awarded $1,088,000 to the Michigan-based non-profit organization to offer products and services to build capacity for Tribal Citizens in the areas of professional and personal finance.
“This is a tremendous honor and opportunity for Chi Ishobak,” said Winters. “This incredible gift from the CDFI Fund will definitely have a positive impact within Indian Country for tribal entrepreneurs and tribal consumers.”
The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and underserved communities lacking adequate access to affordable financial products and services. For the FY 2019 CDFI Program round, the CDFI Fund awarded $132 million in Base-FA awards to 261 organizations in 45 states, the District of Columbia, and Puerto Rico. The CDFI Fund also awarded $18.2 million in PPC-FA awards to 125 CDFIs specifically to serve Persistent Poverty Counties nationwide.
“I am proud to announce the FY 2019 CDFI Program and NACA Program awards,” said CDFI Fund Director Jodie Harris. “I am especially pleased that almost half of the awarded organizations have chosen to provide services in areas of persistent poverty, which will lead to significant impact for residents in some of the most distressed communities nationwide.”