Native American Bank allocates $50 million for health and childcare projects in Indian Country
Native American Bank has released details about five projects funded by its 2022 New Markets Tax Credit allocation, totaling more than $50 million to support health and childcare in American Indian communities. The projects include $15 million for a new healthcare facility for the Confederated Tribes of the Colville Reservation in Washington, $7.5 million to improve wastewater treatment in Kayenta, Arizona, and $9 million for the Santo Domingo Pueblo’s Kewa Childcare and Family Engagement Center in New Mexico, according to a bank press release. Additional funding supports a childcare and workforce development center for the Winnebago Tribe of Nebraska and a new medical building for the Native American Community Clinic in the Twin Cities. Joel Smith, president of NAB’s Community Development Division, said the projects provide culturally competent healthcare, language instruction, clean water and stable jobs.
The New Markets Tax Credit program is managed by the Community Development Financial Institution Fund within the U.S. Treasury Department.
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