DENVER, CO — Native American Bank (NAB) today shared details about five of its projects underway in Indian Country funded with support from NAB’s 2022 New Markets Tax Credit (NMTC) allocation award. The combined allocations, which support combined project costs of more than $50 million, focus largely on health and childcare in American Indian communities.
“Each of these community projects will support thriving American Indian families—for example, with culturally competent healthcare; childcare that provides Indigenous language activities; clean water; good jobs; and access to quality healthcare,” said Joel Smith, president of NAB’s Community Development Division. “As a certified Community Development Entity (CDE) whose mission is to support Indian Country, we are committed to our communities by making each day better for the people and communities we serve.”
The five projects include:
- $15 million in tax credit allocation for the Confederated Tribes of the Colville Reservation in eastern Washington state to build a new healthcare facility in the town of Omak. The center will provide exams, dentistry, physical therapy, behavioral health services and more, in a modern facility that also addresses cultural needs.
- Total project cost: $35.4 million; total square feet: 33,657.
- $7.5 million in tax credit allocation for the Navajo Tribal Utility Authority (NTUA) to provide safe wastewater treatment and disposal services in Kayenta, Ariz. Because the town is a tourist destination in the Navajo Nation, the upgrades will not only serve under-resourced families, but also support economic growth and activity in the community.
- Total project cost: $50 million; total square feet: TBD.
- $9 million in tax credit allocation for Santo Domingo Pueblo to build the Kewa Childcare and Family Engagement Center in Santo Domingo, N.M. The center will serve about 100 youth daily with healthy food, language instruction with elders, cultural education, sports and more.
- Total project cost: $17.8 million; total square feet: 22,000.
- $10 million in tax credit allocation for the Winnebago Tribe of Nebraska to build a childcare and workforce development center in rural Winnebago, Neb. For young people, the center will provide cultural activities, playspace and technology. Parents of those children will also have access to job training and other support services. This project will also be supported by an additional $10 million in tax credit allocation from the Chickasaw Nation Community Development Endeavor.
- Total project cost: $20 million; total square feet: 25,000.
- $8.5 million in tax credit allocation for the Native American Community Clinic to build a new medical building that will serve the urban Native American community in the Twin Cities. The clinic will provide a range of medical and behavioral health needs with a full range of healthcare and traditional and cultural healing services. It will also include affordable housing units, which are separately financed.
- Total project cost: $26.6 million; total square feet: 39,000.
The New Markets Tax Credit program is managed by the Community Development Financial Institution (CDFI) Fund within the U.S. Department of Treasury. Tax credit allocations are awarded through a competitive process on an annual or two-year basis with more than 200 Community Development Entities.
Native American Bank is a certified Community Development Entity (CDE) participant and has a proven track record working in Low Income Communities (LIC). All of its tax credit allocations awarded will support Native-own and Native-led projects across the country, on and off Tribal lands.
Contact:
Veronica Lane, Native American Bank
Vice President, Marketing Director
vlane@nabna.com
720-963-5515
About the the Confederated Tribes of the Colville Reservation
Today, more than 9,171 descendants of 12 aboriginal tribes of Indians are enrolled in the Confederated Tribes of the Colville. The twelve tribes which compose the Confederated Tribes of the Colville Reservation include: ščəl̕ámxəxʷ (deep water) or Chelan; wal̕wáma (Wallowa people) or Chief Joseph Band of Nez Perce; sx ̌ ʷyʔiɬp (sharp pointed trees) or Colville; šnt̕iyátkʷəxʷ (grass in the water) or Entiat; snʕáyckst (speckled fish) or Lakes; mətxʷu (blunt hills around a valley) or Methow; škwáxčənəxʷ (people living on the bank) or Moses-Columbia; nspilm (prairie) or Nespelem; uknaqin (seeing over the top) or Okanogan; palúšpam (people from Palouse) or Palus; sənpʕʷilx (grey mist as far as one can see) or San Poil, and šnp ̓ əšqʷáw ̓ səxʷ (people in between) or Wenatchi.
About the Navajo Tribal Utility Authority
In 1959, the Navajo Tribal Utility Authority started out as a small water utility in Shiprock, NM. In decades since, NTUA has grown into the largest multi-utility enterprise owned and operated by an American Indian tribe. NTUA is proud of its history and celebrates its progress. As a not-for-profit enterprise of the Navajo Nation, NTUA provides electric, water, wastewater, natural gas, solar energy, and communications services. We also take deep pride in our work and have the commitment to serve the multi-utility needs of the Navajo Nation. . In Navajo, the phrase “Niandeiilnish” means “We work for You”. In keeping with that principle, NTUA works for the People with teamwork and respect. That has been our primary mission since 1959.
About Santo Domingo Pueblo
Santo Domingo Pueblo (also known as Kewa; Santo Domingo was the name given by the Spanish in 1600), is located between Albuquerque and Santa Fe, along the 1-25 corridor off Exit 259. For over 400 years, Santo Domingo Pueblo has been one of the central Pueblo communities in New Mexico and the homelands to many people for thousands of years. Ancestral ties can be traced back to Mesa Verde and Chaco Canyon ancestors.
About the Winnebago Tribe of Nebraska
The Winnebago Tribe of Nebraska, as a sovereign Nation, is committed, pursuant to its Constitution, to maintain, improving, and protecting the Tribe; to preserving its resources and cultural heritage; to creating opportunities for its members to thrive and become economically and socially self-sufficient as individuals, families and as a tribal government; and, thereby, promote the harmony of traditional values, beliefs which will ensure a positive course of action for future generations.
About Native American Bank
Chartered as a national community development focused bank, Native American Bank, N.A. is also a certified Community Development Financial Institution (CDFI). It is committed to being a self-sustaining CDFI and is the first national American Indian-owned community development bank in the country. Native American Bank supports the communities that it services, and it received an “outstanding” score on the most recent Community Reinvestment Act (CRA) exam. Learn more at nativeamericanbank.com.