101618_YKBP_A5.pdf
Broadcaster Press 5
October 16, 2018 www.broadcasteronline.com
Two Outstanding Leaders are Recognized for Commitment
to Building Economies in Native Communities
CHICAGO, IL – Two leaders were honored Tuesday in recognition of their commitment to excellence in the Native CDFI
industry at the 2018 Native CDFI Awards
Ceremony, part of the 15th Annual Native
CDFI Convening hosted by Opportunity
Finance Network (OFN) and First Nations
Oweesta Corporation (Oweesta).
The Circle of Honor Award recognizes a
Native CDFI that is successfully increasing
access to capital and financial resources in
Native communities by developing innovative loan products, promoting community
development, and overcoming challenges.
The 2018 Circle of Honor Award winner
is Mazaska Owecaso Otipi Financial, Inc.
(Mazaska), a Native CDFI serving the Pine
Ridge Indian Reservation and adjacent
communities. Mazaska demonstrates
outstanding leadership within the industry
by creating safe and affordable housing
opportunities by providing home loans
to first-time and existing homeowners,
development services such as free financial
literacy and homeownership classes, and
financial insight to empower Native people
to build assets and create wealth. Mazaska’s Executive Director, Colleen Steele, is an
enrolled member of the Oglala Sioux Tribe
with over twenty years’ experience working
with Native organizations and has served as
Mazaska’s primary staff member since 2005.
Ms. Steele has been instrumental in raising
funds and building the loan program.
In the past two years, Mazaska has:
started providing a bridge loan product to
veterans on the Pine Ridge Reservation, as
well as the USDA Rural Development 502
Pilot Program, a partnership in the works
for several years designed to deploy $1 million to provide low- and moderate-income
households with the opportunity to own adequate, modest, decent, safe, and sanitary
housing in eligible rural areas. Mazaska is
also working with the partner organizations
on additional reservation homeownership
initiatives, including projects that will pass
through $100,000 for down payment assistance and utilize $1 million from a capital
pool for affordable housing. Additionally,
Mazaska is working with the Oglala Sioux
Tribe Home Improvement Subsidy program
and the Federal Home Loan Bank to provide
up to $10,000 in down payment assistance
to qualified borrowers. Finally, Mazaska is
partnering with Lakota Funds to provide
mortgage lending at Eagle Nest Housing,
which includes 30 units of rental housing
currently converting to mortgages, providing the tenants with an opportunity to
become homeowners.
“Mazaska was selected from a highly
competitive group of Native CDFI nominees
and was awarded for their hard work and
dedication in working with their community
members to support asset building through
homeownership, building key partnerships
close to home and farther away to support
their work, and bringing in diverse sources
of capital to then invest in their communities,” shared Chrystel Cornelius, Oweesta
Executive Director.
The Visionary Leader Award for Outstanding Achievement recognizes a person
who has made a long? term contribution to
the Native CDFI industry and whose local
financing and asset building efforts make
them an inspiration for others. Tawney
Brunsch, Executive Director of The Lakota
Funds (TLF), is a trailblazing visionary
leader exemplifying a level of commitment to the Native CDFI industry and TLF,
where she has served as Executive Director
since 2010. She has led TLF through many
history-making accomplishments and is
a tireless advocate for the Lakota people
and for capital access throughout Indian
Country. She was a founding board member
for the Native CDFI Network and currently
serves on Mazaska’s Board. She Chairs the
Credit Committee for the Council for Native
American Farmers and Ranchers and serves
on the Federal Home Loan Bank’s Advisory
Council. Tawney is also actively involved
with the South Dakota Native Homeownership Coalition (SDNHC), where she chairs
the Physical Issues Committee and serves
on the Executive and Veterans Committees.
Under Ms. Brunsch’s leadership, Lakota
Funds started the Lakota Federal Credit
Union (LFCU), the first federally-insured
financial institution on the Pine Ridge
Reservation, which as of 2018 also offers
checking accounts (250 people opened one
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in the first two weeks). TLF has also developed an innovative partnership with Lakota
Federal Credit Union and First Peoples Fund
to take services to communities throughout
the reservation with the Rolling Rez. Rolling
Rez is a mobile unit which delivers financial
literacy training, artist business development training, and financial services
through Lakota Federal Credit Union and
allows TLF to reach the most marginalized
individuals in all 9 reservation districts.
In 2017, TLF deployed over $1.1 million
in loans, creating 105 jobs and starting or
expanding 46 small businesses on the Pine
Ridge Reservation. They helped prepare
326 tax returns returning almost $900K in
tax refunds to Tribal members. In fall 2015,
TLF was the first Native CDFI approved as
a USDA Farm Service Agency guaranteed
lender. This allowed TLF to offer more
financing solutions for reservation farmers
and ranchers. TLF has also seen growing
assets totaling over $6 million and in early
2018, the organization was approved to
participate in the first-ever Native Capital
pool through Oweesta.
Additionally, growing efforts to increase residential housing stock have led
to increased demand for contractors and
local inspectors on the reservation but the
largest barrier is lack of a qualified workforce. In summer 2017, TLF partnered with
SDNHC, Oglala Lakota College, and Four
Bands Community Fund on the Cheyenne
River Reservation in South Dakota to
launch the Construction Internship Pilot.
This innovative program delivered an
intensive hands-on work experience to participants from the Cheyenne River and Pine
Ridge Reservations. Twenty-three students
from both Reservations participated in the
program, in partnership with local contractors. Upon completion of the program, nine
local students received offers of permanent
employment. To further support contractor
business development, TLF also provided
two home inspector certification trainings
and contractor workshops to build skills
for the validation process required when
building using HUD 184 funds. More than 70
people attended the inspector certification
trainings, several whom either obtained
jobs or started their own home inspection
business upon certification.
“Tawney Brunsch is a true example of
how hard work, dedication, collaboration,
and innovation come together to best serve
the community. Tawney’s persistent pursuit
of doing better and creating more opportunities for her clients is what we all aspire
to do in the Native CDFI industry and I feel
so honored to have the chance to celebrate
such a strong leader,” added Chrystel
Cornelius, Oweesta Executive Director,
First Nations Oweesta Corporation. “We are
genuinely excited to honor the success of
our award winners. And we appreciate OFN
for recognizing the achievements of these
recipients.”
“Congratulations to this year’s wonderful
Native Award winners. OFN values the opportunity to recognize Mazaska and Tawney
for their amazing and dedicated work serving Native communities,” said Lisa Mensah,
President and CEO of Opportunity Finance
Network (OFN), a leading national network
of CDFIs. "Each year, OFN is impressed by
the positive economic impact of the Circle
of Honor and Visionary Leader award
recipients. And both of these remarkable
honorees are at the forefront of positive
change in their respective communities."
The awards ceremony capped off the
15th Annual Native Convening in conjunction with the 34th Annual OFN Conference
where Native economic development
practitioners and Tribal representatives
from across the country joined hundreds of
other opportunity finance experts to share
and learn about new ideas, strategies for
change, and innovations from the field.
For more information on Mazaska Owecaso Otipi Financial, Inc., please visit their
website at www.mazaskacdfi.org.
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Our experience has shown that excavations in the winter cannot be properly
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