June 12: 5 Things You Need to Know This Week

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Photo of the Week: Pictured left to right: NAFOA Board Members VaRene Martin and Melanie Benjamin connected with Assistant Secretary of the Interior for Indian Affairs Bryan Newland (middle), US Treasurer Chief Lynn Malerba, and new NAFOA Interim Executive Director Susan Masten at the NCAI Midyear Convention.

1. FUNDING OPPORTUNITY: NOTICE OF FUNDING AVAILABILITY FOR THE NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (NCDFI) RELENDING DEMONSTRATION PROGRAM FY 2023

The Rural Housing Service (RHS or the Agency), an agency within the Rural Development mission area (RD) of the United States Department of Agriculture (USDA), announces the availability of funding for applications under its Native Community Development Financial Institution (NCDFI) Relending Demonstration Program for fiscal year (FY) 2023. The purpose of this notice is to announce the opening and closing dates for receipt of applications for the NCDFI Relending Demonstration Program from eligible applicants, as well as submission requirements. These loans will be made to qualified NCDFIs to relend funds to low- and very low-income ultimate recipients to acquire, build, rehabilitate, improve, or relocate dwellings on Tribal Land in rural areas. This program has $7,502,000 available for FY 23. Applicants are responsible for any expenses incurred in developing their applications.

Paper submissions:
The Agency must receive a paper application by 4:30 p.m. local time, July 17, 2023. Application can be mailed to: USDA Rural Development, Washington State Office, Attention: Andria Hively, 1835 Black Lake Blvd. SW, Olympia, WA 98512.

Electronic submissions: Electronic applications must be submitted via email to  brian.hudson@usda.gov by 11:59 p.m. Eastern Time (ET) on July 17, 2023.


2. FOR STUDENTS: AMERICAN INDIAN COLLEGE FUND HOSTS SUMMER OF SUCCESS CONFERENCE

Dates: June 13-15

The American Indian College Fund Student Success Services is excited to host this Summer of Success virtual conference experience for high school and college students, staff, faculty and families.

This interactive conference, centered on Native culture, features:
– meaningful knowledge and holistic skills to navigate college & career success
– professional & student panelists to share their experiences
– wellness practices
– college and employer representatives
– Native presenters with engaging messages

Student participants will learn strategies to inspire a meaningful college experience toward their career aspirations. Family and community members are encouraged to attend and engage as well!

Staff and faculty will engage in conversation on effective practices to support student programming for college and career success.


3. WORTH A LISTEN: INSIGHT IN INDIAN COUNTRY PODCAST: MIDYEAR INFLATION & INVESTMENT CHECK-IN

The impact of inflation on investment portfolios in the second half of 2023 can be mitigated with the right strategies. Join host Wes Benally and Paul Madrid, REDW Wealth Management Principal and Practice Leader, for a midyear check-in on investment considerations. In this episode, Madrid shares valuable insights on investment strategies, emphasizing the importance of diversification and taking a long-term perspective for investment decisions.

Madrid also discusses the unique challenges and opportunities of investing for tribal communities, highlighting the importance of collaboration and long-term planning. Whether you’re an individual investor in Indian Country or part of a tribal community, this episode offers valuable insights and advice for making informed decisions in today’s complex market.


4. FROM THE NAFOA NAVIGATOR: KEY FINANCIAL STATEMENT ITEMS YOUR TRIBAL COUNCIL SHOULD REVIEW

By Anita Shah, CPA, Moss Adams

Individuals are elected to a Tribal council, Tribal board of directors, or equivalent positions because of a variety of skill sets that bring different viewpoints to the table and add value to a Tribal government or Tribal organization. However, those skill sets don’t always include an accounting or finance background. Tribal Councils must know the difference between their restricted resources and unrestricted resources. Funding from grants and contracts must be used for specific purposes, but there are other sources of funding used based on strategic decisions made by the Tribal council. The following guidance is provided for Tribal council members to consider when reviewing their Tribe’s financial statements. 


5. JOBS: OMAHA TRIBE OF NEBRASKA IS SEEKING GRANT ACCOUNTANT

Join our enterprising team at the Omaha Tribe of Nebraska, a tribal government organization on a vibrant Native American reservation. As a Grant Accountant, you’ll make a genuine impact on our community by managing grants and ensuring funds are utilized effectively. Expect a rewarding career, professional growth opportunities, and a culturally enriching work environment. Apply now and be part of our mission to support the Omaha Tribe’s development and success.


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Related

NAFOA Announces Former Yurok Tribal Leader Susan Masten As Interim Executive Director

NAFOA, founded as the Native American Finance Officers Association, names former Yurok Tribal Leader Susan Masten as its interim executive director effective today, June 1, 2023. She was appointed to the position by the NAFOA Board of Directors. As interim executive director, Masten will be responsible for managing the day-to-day operations of the organization, as well as leading its strategic direction.

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