Bill > HR6331

This bill permanently authorizes the Native Community Development Financial Institutions (Native CDFIs) lending program of the Department of Agriculture. It sets aside $50 million per fiscal year for the Department of Agriculture to make direct loans to Native CDFIs, which are community development financial institutions that are at least 50% owned or controlled by members of Indian Tribes, Alaska Native communities, or Native Hawaiian communities. These loans can be used by Native CDFIs to make loans to eligible borrowers who are members of these communities, with priority given to borrowers living on "priority Tribal land." The bill also requires reporting on the program's effectiveness and outreach, and authorizes funding for technical assistance to Native CDFIs.