Wisconsin Native Loan Fund Awarded $1 Million from U.S. Treasury for Lending to Uplift Wisconsin Tri
December 8, 2021
Lac du Flambeau – Wisconsin Native Loan Fund (WINLF) Inc. received a $1 million financial assistance award from the U.S. Treasury’s Community Development Financial Institutions Fund (CDFI Fund), so as to increase lending activity to help uplift Wisconsin Tribal communities. Of the $1 million, $900,000 would be for home, consumer, and business loans to eligible low-income members among Wisconsin Tribal communities at-large, while the remaining $100,000 would be for supplemental lending in Menominee County due to it being a federally designated persistent poverty county.
WINLF was among 265 CDFIs that received such awards, which all together totaled $180.3 million. The awards, through the fiscal year 2021 round of the U.S. Treasury’s CDFI Program and the Native American CDFI Assistance Program (NACA Program), will allow CDFIs to increase lending and investment activity in low-income and economically distressed communities. This year marks another year in which WINLF has received this types of award, as it has received them annually going back nearly a decade.
WINLF thanks the CDFI Fund for the award, and thanks WINLF’s board, staff, and community-based partners for their efforts in helping to make such awards a success.
Wisconsin Native Loan Fund (WINLF) Inc. is a certified Native American Community Development Financial Institution (CDFI) located in Lac du Flambeau, Wisconsin. We are a non-profit 501(c)(3) organization looking to better our community by providing affordable lending to Native Americans.
Through the use of generous donations we are a revolving loan fund that supports the renovations of distressed homes for people in need; we also provide down-payment assistance and debt consolidation loans.
For more information about WINLF and its programs, please visit its website at www.winlf.org