COVID-19 in Indian Country
The Department of the Treasury awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions, including 58 CDFIs serving Native communities.
Rep. Deb Haaland (D-New Mexico) discussed the impact of emergency small business loans and the Paycheck Protection Program on Community Development Financial Institutions in New Mexico during a virtual forum.
The Small Business Administration is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program to be lent exclusively by Community Development Financial Institutions.
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