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February: Upcoming Financial Coaching Module Webinar, CDFI Fund NOFA Release Update, Success in Native CDFI Community, and much more!
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February 2016 Newsletter

Upcoming Events



Upcoming Webinars

CFED presents:
Building Better Business Financial Capability Solutions
February 10 at 12:00 p.m. MT
Registration is now OPEN

Oweesta presents:
Financial Coaching with Change Machine
February 23 at 1:00 p.m. MT
Registration is now OPEN


Upcoming Trainings

NAIHC presents:
Board of Commissioners Roles and Responsibilities
February 17-18, 2016
Phoenix, AZ
Registration is now OPEN

HAC presents:
Advanced Financial Management for Rural Nonprofits
March 8-9, 2016
North Charleston, SC
Registration is now OPEN

NAIHC presents:
Executive Director Refresher
March 15-16, 2016
Reno, NV
Registration is now OPEN

NeighborWorks' BNCSI presents:
New and Emerging Native CDFI Training
Spring 2016
Register for BNCSI to access more training information:
Registration is now OPEN



 

Save the Date: Upcoming FY 2016 CDFI Program and NACA Program Application Release and Workshops

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to release the Notice of Funds Availability (NOFA) and applications for the FY 2016 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in mid- to late February 2016.   
These programs provide awards to build the capacity of financial institutions serving low-income communities. The CDFI Fund will provide further information about the NOFAs and how to apply in the coming weeks. Potential applicants should be aware that the FY 2016 CDFI Program and NACA Program narrative questions and financial inputs will largely reflect the FY 2015 application; however, the FY 2016 application will be entirely web-based within the CDFI Fund’s Award Management Information System (AMIS) and Grants.gov.  More information about AMIS, including frequently asked questions, is available at https://amis.cdfifund.gov/.
To help potential applicants better understand the CDFI Program and NACA Program and how to apply for funding, the CDFI Fund is planning to conduct a number of application workshops across the country:
Tentative Schedule for FY 2016 CDFI Program and NACA Program Application Workshops
 

  • Minneapolis, MN – February 24, 2016 at the Federal Reserve Bank of Minneapolis
  • Washington, DC – March 8, 2016 at the CDFI Fund’s headquarters
  • Atlanta, GA – March 21, 2016 at the Federal Reserve Bank of Atlanta 

Registration information for these in-person application workshops and other planned application support events will be available on the CDFI Fund’s website after the NOFA and applications are released. Sign up to receive notifications for the CDFI Program and NACA Program NOFAs and application release, along with other CDFI Fund updates, here.
To learn more about the CDFI Program, please visit www.cdfifund.gov/cdfi. Information about the NACA Program may be found at www.cdfifund.gov/native.
 

Success Stories

Four Bands Community Fund

Below is a community success story from our long-standing loan client Four Bands Community Fund. Investing in Native CDFIs creates change within Native communities and promotes Indian entrepreneurship.

After graduating from Cheyenne Eagle Butte High School in 2010, Morgan Lawrence, a lifetime resident of the Cheyenne River Sioux Reservation, knew she needed to go to college right away to have a successful future. She graduated from Black Hills Beauty College in Rapid City, South Dakota, in 2011 and then began to work at a salon. She later moved back to her hometown of Eagle Butte, and the reality of limited job opportunities became a challenge. Morgan said, “I knew I needed to build a business or leave town.” In late 2013, Morgan connected with Four Bands and completed the CREATE (Cheyenne River Entrepreneurial Assistance, Training, and Education) course. In addition to valuable business training, she learned that having the support of her family would dramatically increase her chances for success. In 2014, Morgan obtained a business loan from Four Bands to start up Morgan Joy’s Vanity, a beauty shop that offers full-service hair care, facials, and manicures. With the support of her family, Morgan converted a portion of her parents’ Eagle Butte home into her business. She used her loan proceeds from Four Bands to complete the remodel and purchase equipment to get her shop up and running. Morgan said, “After opening my own business, my life changed for the good.” Not only is her business a success, but she is now a respected business owner in the community. Her clientele has increased, and she is more productive and creative in her personal life as well. Morgan has continued to work with Four Bands to grow her business. Through the matched-savings program, she was able to purchase equipment and set up the systems required to accept credit cards. This improvement equates to added convenience for her clients. “I am so blessed to be doing my dream in my hometown,” said Morgan.


Thank you, Four Bands Community Fund, for your continued support of the individuals in the Cheyenne River Community!

Upcoming Webinars & Trainings

 


Financial Coaching with Change Machine


Tuesday, February 23 - 1:00 p.m. MT

Join us, with Kate Reeves from Change Machine, for a conversation on Financial Coaching and a short demonstration on the Change Machine financial coaching module.

Change Machine is brought to you from The Financial Clinic. They envision a nation where everyone is financially secure. To make that vision a reality, they are transforming lessons learned on the ground into large-scale, system-level solutions and social innovations that will have an impact on working poor people nation wide.

 

     

 


BNCSI: Upcoming New and Emerging Native CDFI Training


Spring 2016

This year NeighborWorks America is pleased to present the training and technical assistance series Building Native CDFIs' Sustainability and Impact (BNCSI) part of the CDFI Fund's Capacity Building Initiative. In Spring 2016, the BNCSI program will be offering a TA Clinic for New and Emerging CDFIs. This session will cover certification as well as core components of building a CDFI, including:

  • Board Development
  • Strategic Planning
  • Market Analysis
  • Capitalization
  • Partnerships Policies and Procedures
  • Staffing for Growth

If you are a Sponsoring Entity or an Emerging CDFI that is interested in attending this TA Clinic, you will need to first complete the BNCSI statement of interest at https://www.surveymonkey.com/r/MSVGFN5. If you are already a part of the program, the application for this TA Clinic will be released in early 2016.

For more information, visit www.neighborworks.org/nativecdfi or email nativecdfi@nw.org. For more information about the CDFI Capacity Building Initiative, please visit www.cdfifund.gov/cbi.

Grant Opportunities


2016 Administration for Children and Families' ANA Funding Opportunity Announcements Now Available
Deadline: April 6, 2016

The Administration for Native Americans (ANA) has published six Funding Opportunity Announcements (FOAs) for fiscal year 2016. FOAs give full information on application requirements for each program area and how to apply. For more information, please follow the link below!


 


The Latest USDA Grant Opportunities
Deadline: Dates may vary

 

AGRICULTURE & FOOD SOVEREIGNTY
Grants, Loans, and Other Programs

EDUCATION, INTERNSHIPS, & EMPLOYMENT
Research and Development Grants


 


Mini Grant RFP
Deadline: March 4, 2016

The Oklahoma Native Assets Coalition (ONAC) is pleased to announce this January 2016 Request For Proposals (RFP) to help fund Native asset-building projects in Oklahoma. ONAC, with support of W. K. Kellogg Foundation, Ford Foundation, and First Nations Development Institute, will award a total of $10,500 in mini-grants to Oklahoma grantees. Depending upon the projects (financial education curriculum supplies may cost less than seed money to open Children's Savings Accounts), the mini grants will average $3,500 each. For more information, please follow the link below!


 

Rural Business Development Grant
Deadline: Contact your local USDA Rural Development Office

The RBDG is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenue. Programmatic activities are separated into enterprise or opportunity type grant activities. Please follow the link below for more information.



The Colorado USDA Rural Development Office has designed a Rural Business Development Grant Application Helpful Hints page that can be accessed in the link below.


 

Resources

 


You Work. Let EITC Work for You!

For the last 40 years, Earned Income Tax Credit made life better for millions of workers. You may have extra money waiting for you. If you qualify and claim the credit, it could be as much as $6,242 from the IRS for some workers.

Don't be the one in the five that misses this credit, if you or someone you know earned less than $53,267 from wages, running a business or farm from Form 1099 MISC, check it out.

It's easy to find free tax help to prepare and file your taxes. Use the VITA locator tool on IRS.GOV to find a volunteer sitre near you. For more information, follow the link below!

 


2016 Assets & Opportunity Scorecard

Check out the 2016 Assets & Opportunity Scorecard, the leading source for data on household financial security and policy solutions. Released annually, this year's Scorecard examines 130 policy and outcome measures to develop an understanding of how residents are doing in their quest to seize economic opportunity and what states are doing to help get them get ahead. Follow the link below for more information!

 


Better Money Habits

Better Money Habits® now has videos, infographics and articles designed specifically for people and families who are living paycheck to paycheck. Bank of America collaborated with several nonprofit organizations to develop this new content, which is grouped under these topics: Building an emergency fund, Managing my bills, Handling overdue debts, The cost of debt and How to stop living paycheck to paycheck.  In early 2016, new functionality will launch on BetterMoneyHabits.com to help nonprofits easily access this content and determine ways that it can be used to enhance existing curriculum or programming. BetterMoneyHabits.com was created by Bank of America in partnership with education innovator Khan Academy. The website is objective, free for all, and is easily viewable on a computer, tablet or smartphone. Visit BetterMoneyHabits.com to learn more.

 


VITA Marketing Materials Available Now!

First Nations Oweesta Corporation is excited to share our new, customizable 2016 Native VITA Marketing Materials, including Native VITA Flyer, Native VITA Paycheck Size Flyer, Native VITA Site Business Cards, and Native VITA Site Volunteer Recruitment Flyer.



More information on Native VITA Sites can be found at the First Nations Development Institute Knowledge Center. Please contact Chris Hansen at chris@oweesta.org for questions or concerns regarding these documents. We appreciate any feedback for future Native VITA Marketing Materials.
 

 


Ten Years Investing in Native Communities

First Nations Oweesta Corporation presents "Ten Years Investing in Native Communities", a short publication highlighting the trending of investing in Native communities throughout the last decade. Follow the link below to access this publication.



 

 


What is a Native CDFI?

Check out the latest Oweesta one-page publication "What is a Native CDFI?". This informational handout will assist you in communicating the needs within our Native CDFI industry.


 



Spending Frenzy: NOW AVAILABLE!

First Nations Development Institute's "Spending Frenzy" kits are now available for purchase. Spending Frenzy kits were developed to offer youth with large impending minor's trust payments an opportunity to practice handling a substantial lump sum of money and spending it wisely. In the simulation, high school students are given $40,000 in fake money and are asked to make spending decisions to purchase a car, a house, groceries, and other items. For more information, please contact Chris Hansen at chris@oweesta.org.


 

Oweesta Products & Services

Start your New Year out with a personalized product or service from Oweesta! We are starting to schedule trainings for 2016 now. Follow the link below to see how we can help your organization this coming year!

Market Research

Financial Coaching Market Research

We want to hear from YOU! Please take the time to fill out this five minute survey for a chance to win a $25 AMAZON GIFT CERTIFICATE! The information collected in this survey will assist Oweesta in the development of our future trainings. Any information you are able to provide will advance our curriculum tremendously. Follow the link below for the survey.

Lending

 

Does Your Organization Need Loan Capital?

Oweesta considers loan applications on a rolling basis. Application requirements include current and historical financial statements, portfolio reports, loan policies, current and historical financial statements, and a comprehensive business plan or comparable information. If you are interested in finding out more about our loan program, please visit http://www.oweesta.org/our-services/lending-capitalization or contact Emily Trump, Lending and Compliance Manager, at emily@oweesta.org.

Job Opportunities

Check out our website for the latest job opportunities in the Native CDFI and nonprofit sector. There are available positions from First Nations Oweesta Corporation, First Nations Development Institute, Native American Bank, Bank 2, Seven Sisters Development Group LLC, and First People's Fund.



If you have a job opportunity available at your organization, share it with the industry by emailing our Communications Manager, stephanie@oweesta.org.
 

Have a wonderful February 2016
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