“I firmly believe that acquiring and consolidating our historical home-lands is essential to strengthening tribal sovereignty and economies. Managing our lands properly and effectively, the way our ancestors did, is essential to passing onto our children a strong sense of place and culture, as well as teaching them to value our mother, the Earth.” —Gerald Sherman, ILCC President and CEO (Courtesy ILCC website)

Indian Land Capital Company Awarded Highest Tier NACA Grant From CDFI Fund

ICTMN Staff
8/17/12

Indian Land Capital Company (ILCC)—a Native Community Development Financial Institution (CDFI) that helps tribes acquire lands for business development, housing and community-based projects—has been awarded a U.S. Treasury Department CDFI Fund grant of $750,000, which is the Fund's highest tier financial reward, states a press release.

This is the second year ILCC has been awarded a grant from the CDFI Fund’s Native American CDFI Assistance (NACA) program, which provides technical and financial assistance to Native American tribes, tribal entities and other CDFIs serving Native American, Alaska Native and Native Hawaiian communities. This year, ILCC is among 33 Native CDFIs to receive awards totaling nearly $11.5 million. The grants were recently announced by CDFI Fund Director Donna J. Gambrell and Treasury Deputy Assistant Secretary Don Graves.

NACA awards assist financial institutions serving Native communities to increase their lending services and financial products, in addition to building their internal capacity to serve their target markets.

Native CDFIs provide loans at lower cost and with fewer lending barriers than most mainstream financial institutions, allowing tribal borrowers to make quicker financial decisions and retain greater control and flexibility in the financing, acquisition and management of tribal lands.

“This year’s awardees will continue to provide vital financial services in low-income areas that are typically overlooked by traditional lenders, bettering the lives of Americans nationwide,” said Gambrell in a statement.


“Receiving the NACA Award for a second year is a great honor,” said Gerald Sherman (Oglala Lakota), ILCC’s president and CEO. “The award will help ILCC to scale up our loans for tribal land recovery and address long-standing fractionalization issues."

According to ILCC, the receipt of the grant at this particular time is significant because 2012 marks the 125th anniversary of the General Allotment Act of 1887 (Dawes Act) that lead to 90 million acres of Indian land (roughly two-thirds of the total Indian land base) being taken out of Indian ownership and control. Much of Indian Country remains fractionalized and tribal land is being acquired in all 50 states.

ILCC, headquartered in Roscoe, Montana, is one of two Montana-based CDFIs to receive NACA funding in this round. The other is Native American Development Corporation, located in Billings.

“This will support local efforts to create good-paying jobs throughout Indian Country,” said Montana’s senior U.S. Senator Max Baucus, a long-time supporter of CDFIs. “These resources will help Montana tribes and tribes across the nation better attract business and follow through with an economic development vision for future generations.”

ILCC

ILCC was created in 2005 as a collaborative effort between the Indian Land Tenure Foundation (ILTF) of Little Canada, Minnesota, and the Native American Community Development Corporation (NACDC) of Browning, Montana, to bridge the gap in lending to tribes and to facilitate the acquisition of Indian lands for social, cultural, and economic purposes. Pioneering Indian land and economic leaders Cris Stainbrook (Oglala Lakota) and the late Elouise Cobell (Blackfeet) were ILCC founding directors.

To date, ILCC has raised $7.5 million in funds from socially-conscious investment sources including ILTF, Ford Foundation, CDFI Fund, Wells Fargo, Otto Bremer Foundations, First Nations Oweesta Corporation, individual tribes, and others. In June 2012, ILCC received a $1 million low-cost loan from Bank of America to help tribes acquire lands for business development, housing and community–based projects.

ILCC has made approximately $6.3 million in loans to Indian nations and entities, and has assisted in the recovery of nearly 30,000 acres of tribal land in Washington State, Montana, Minnesota, and California. Projects made possible through ILCC financing have included expansion of a health care facility, construction of homes for tribal members, sustainable forest management, wetland restoration, agriculture/ranching, and protection of sacred and cultural sites.

ILCC’s long-term goal is to substantially increase its loan pool and its capacity to make more and larger loans. In 2011, ILCC launched a campaign to raise $4 million in the first year with the goal of building a $100 million investment fund for Indian Country over the next 10 years.

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wanbli's picture
wanbli
Submitted by wanbli on
This is a B.I.A. and I.R.A phony business organization. Number One!, This land was never taken out of our control of our RED SOVEREIGN NATIONHOOD'S, though, this is a nice way of saying "IT", but the "Truth" is, it was stolen, BY THE SAME BUNCH OF LAIRS AND BUSINESS PEOPLE , like you!!!!! But, remember the land is controlled by the Great Spirit, not, by Empire! But, it doesn't seem- THAT DECEIVING AN STEALING MONEY FOR YOUR OWN WHITE MAN PURPOSE TO DEHUMANIZE YOUR OWN PEOPLE IS NOT BAD BUSINESS FROM THESE KIND OF SO-CALLED INDIAN BUSINESSES AND NON-PROFIT ORGANIZATION'S, like this organization of colonized thieves, drunks, drug addicts and lairs. That do nothing but spend the white mans, stolen goods. Nothing can be worst for a First Nation Human Being who turn on there own people to become an "Oppressor" and "Lairs" for the greed of Empire and Big Business and are so naive and greedy. Using the BIA and IRA phony leaderships to get this grants and awards, to do what, kill, steal and destroy our destiny as free red people's on our red sovereign homelands. And you all BIA IRA supporters call this, "Getting to the Top of the white mans paradigm of self-destruction- and the continuing rejection and denial of your god given destiny as free authentic sovereign red nationhood's on this continent, called Turtle Island. Free and Liberated from this Satan lead Empire!!!This is so invasive and offensive and destructive to authentic first nation people and genuine sovereign nationhood's that live in oppressive systematic poverty. Yea, to use colonized Indian's, to STEAL more away from those majority of genuine authentic traditional peoples and member of authentic sovereign red nationhood's, that are being systematically, with our cultures and beliefs- exterminated, and who are living in poverty and the immorality and transgressions of empire...., is so dehumanizing and hopeless to our children futures. We need to find out more about these kind of "tricksters" look into to this U.S. Federal Dollar Indian organization account, and find out where this money is being used for and who its going to and how much are those in positions are being payed. Man it seem this newspaper will print anything for a headline, so this newspaper looks and sounds like a white man biography! Wanbli 2012 Wanbli 2012

mdavidsg's picture
mdavidsg
Submitted by mdavidsg on
Holy smokes, Wanbli, you need to lay off the crack! That rant doesn't belong in the reality of any Indigenous world. I happen to know that ILCC lent a million dollars to help the Yurok Tribe buy back some of their aboriginal land from the timber company that stole it a hundred years ago. The tribe's hope is to rehab the land which will benefit the river which will benefit the salmon upon whom the people depend. So come down off those drugs, step out from under that bridge, stop trolling around on the net and act like someone who deserves even the screen name of Wanbli. In other words, get a life and stop criticizing stronghearted people who are working to help Indigenous Peoples live autonomously.
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