Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Federal Home Loan Bank awards foundation $5 million for Native American community development


November 14, 2017

The Federal Home Loan Bank of Des Moines and the Northwest Area Foundation on Friday announced a collaboration to fund Native American-led community development initiatives across the United States.

To launch the initiative, FHLB Des Moines awarded $5 million to the foundation to fund the work of Native Community Development Financial Institutions, the organizations said in a release. Based in St. Paul, Minn., the Northwest Area Foundation works with 75 Native American nations in an eight-state region, including Iowa.


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