Marvin GinnExecutive Director

Phone: 505-552-7050Cell: 505-205-4376

E-mail: MarvinG@nativecf.org

NATIVE COMMUNITY FINANCE

5 Capital Road, PO Box 176 Laguna, New Mexico 87026 Tele: (505)552-7050

A CDFI is a Community Development Financial Institution

A certified Community Development Financial Institution (CDFI) is a specialized financial institution that works in market niches that are underserved by traditional financial institutions.

CDFIs provide a unique range of financial products and services in economically distressed target markets, such as

mortgage financing for low-income and first-time homebuyers and not-for-profit developers, flexible underwriting and risk

capital for needed community facilities, and technical assistance, commercial loans and investments to small start-

up or expanding businesses in low-income areas. CDFIs include regulated institutions such as community development banks and credit unions, and non-regulated institutions such

as loan and venture capital funds.

Primary Activity of a CDFI is lending or investing

CDFI’s develop financial products to meet the needs of their markets

Make loans that are riskier, often to unconventional borrowers

CDFI’s also provide Development Services (aka Technical Assistance)

CDFI’s provide Capital & Technical Assistance to projects that help create a healthy economy CDFI’s leverage grants, bank loans and other sources of capital into the community CDFI’s build capacity of businesses and community members

CDFI Role in Creating a Healthy Economy

Asset building is the process of assimilation and development of all types of assets then maintaining of the asset whether existing or one being developed. This process is normally targeted to the low-moderate income levels but can be beneficial to all levels of income.

Development of the project and a guiding strategy

Tribal/Rural Communities continue to have the challenge

of assets, primarily money, which comes into the community

then spent outside of the community. Asset building creates

the situation where the assets circulate within the community

Predatory businesses operating in rural communities strip assets from the community

HOW DOES NCF HELP MEET THESE CHALLENGES?

Free Tax Preparation Site: VITA/TCE

Individual Development Accounts (IDA) Financial Education

Mortgage Assistance Services

Community Oriented Affordable Lending

Construction Loans for HUD184 Loans

Individual Development AccountsMatched savings account Financial Education Course Required

First time homeownership Business creation or expansion Post-secondary education

US TREASURY CDFI FUND

EQ2 INVESTMENTS

TRIBAL INVESTMENTS

PRIVATE INVESTMENTS

BANK BEA AWARDS

FOUNDATIONS