November 28: 5 Things You Need to Know This Week

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Photo of the Week: As 2022 wraps, we’re looking back on the best NAFOA moments of the year, starting with our 40th Annual Conference celebration in Seattle!

1. WE NEED YOU: GIVE NATIVE ON GIVING TUESDAY

 

Tomorrow is the start of Giving Season! We’re asking our community to support the next Leadership Summit Class with a tax-exempt donation to the NAFOA Institute and our educational programs. Your contribution makes it possible for us to build up young Native leaders and strengthen investments in the future of tribal economies.

  • $25 = Your donation buys one Leadership Summit participant a set of custom business cards to help them network and build their professional connections.
  • $100 = Provide one participant with travel meals and snacks during their trip to and from the Leadership Summit.
  • $250 = Support the clothing stipend for one participant! Leadership Summit attendees are provided a small stipend to purchase business formal attire for the conference and prepare them for the professional world.
  • Over $250 = A donation of more than $250 helps fund travel expenses to attend the 2023 NAFOA Leadership Summit. Help us bring young Native leaders from all parts of the country to Washington, D.C. this coming Spring!


2. NAFOA INSTITUTE: CARVING THE PATH: CONVERSATIONS FOR NATIVE YOUNG PROFESSIONALS

Navigating your career can be a confusing experience. But you don’t have to do it alone! Hear from young professionals like you about their journeys to gain insights on how you can carve your own path to a successful and fulfilling career. 

On Tuesday, November 29 at 6:30 pm Eastern Time, join NAFOA and our featured speaker, Emery Real Bird, for a webinar and candid discussion, “Carving the Path: Conversations for Native Young Professionals.” Questions are highly encouraged. 

Suggested level: Students and Young Professionals


3. FOR TRIBAL LEADERS: TREASURY TRIBAL CONSULTATIONS ON THE INFLATION REDUCTION ACT

Attend one or more tribal consultation sessions the U.S. Department of the Treasury is hosting on the Inflation Reduction Act (IRA of 2022).

 The IRA represents the most significant legislation to invest in clean energy and address climate change in our nation’s history. Of the IRA’s $369 billion investment in addressing climate change, $270 billion will be delivered through tax incentives, putting Treasury and the Internal Revenue Service (IRS) at the forefront of this Act’s implementation. 

Treasury requests that each Tribe register one person to participate in the consultation. All others are welcome to register as listen-only participants  Please note that consultations are off the record and not for press purposes. 

You can choose to attend one or more of the following sessions:

  •  Nov 28, 2022 02:00 PM
  •  Nov 29, 2022 02:00 PM

For more information, read the Dear Tribal Leader letter on the IRA of 2022 Consultation.


4. FROM THE NAFOA NAVIGATOR: SECTION 105(I) LEASES: A POWERFUL FINANCING TOOL FOR NATIVE AMERICA

By Caitlin Caldwell, Vice President, Public Finance Investment Banking, KeyBank Capital Markets

Financial security is a critical pillar to support a tribe’s sovereignty; one that is challenging to uphold in unsettled times. In today’s economic landscape that depicts both uncertainty and possibility, Section 105(l) leases offer hope for opportunity.

Together with market participants, KeyBank has vetted the possibility of long-term financing that could be repaid and, potentially, secured by 105(l) leases. We believe this tool could be a powerful revenue stream for tribes and tribal organizations. Importantly, this tool is not dependent on the entity’s size or financial strength. We encourage Native America to explore opportunities to leverage this new and powerful tool.

Simply put, 105(l) leases are long-term funding agreements between tribes/tribal organizations and the BIA or IHS, in which the federal agency ‘leases’ facility space that is actively used to support programs, services, functions, and activities assumed by a tribe or tribal organization under ISDEAA.

To date, there has been considerable discussion about what exactly 105(l) leases are, how tribes and tribal organizations can apply for them, and how the annual lease compensation figure is agreed upon. The next step is to leverage this revenue stream to support the immense backlog of infrastructure needs in Native American communities


5. JOBS: COMMUNITY AND ECONOMIC DEVELOPMENT REVIEWERS WITH EXPERIENCE WORKING WITH NATIVE COMMUNITIES

The CDFI Fund and Areeva/F2 are seeking candidates to serve as Reviewers for the New Markets Tax Credit Program. Candidates with community and economic development experience with Native communities are encouraged to apply. The strongest reviewer candidates will have: direct community and/or economic development experience working with Native communities; experience underwriting loans to or investments in operating businesses or commercial real estate; experience financing community-based organizations; experience evaluating community and economic development investments or entities; prior experience serving as a NMTC application reviewer; or direct experience with the NMTC Program or other tax credit programs such as the Low-Income Housing Tax Credit or Historic Tax Credit programs.


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