NAHO Fund Supports Indigenous Communities’ Housing Needs
- FHLB Dallas, Del Norte Credit Union, and Wells Fargo partner with Southwest Capital Bank to award $550K in grants
- NAHO Fund targets housing needs of federally recognized tribes and TDHEs
- Grants for down payment, closing cost, rental assistance, repairs, new construction, and operational expenses
- Espanola Member: Del Norte Credit Union – $150K to Santa Clara Pueblo Housing Authority
- Jemez Pueblo Member: Wells Fargo – $138,895 to Pueblo of Jemez Housing Authority
- Santa Fe Member: Southwest Capital Bank – $118,305 to San Ildefonso Housing Authority
- San Felipe Pueblo Member: Southwest Capital Bank – $142,800 to San Felipe Pueblo Housing Authority
The Federal Home Loan Bank of Dallas, Del Norte Credit Union, Wells Fargo, and Southwest Capital Bank have partnered to award $550,000 in Native American Housing Opportunities (NAHO) Fund grants to four New Mexico-based tribal housing organizations. The NAHO Fund aims to address the housing needs of federally recognized tribes and TDHEs by providing grants ranging from $50,000 to $150,000 per application for various purposes such as down payment, closing cost, rental assistance, repairs, new construction, administrative expenses, and consultant fees. The program empowers tribal housing organizations to develop sustainable solutions that improve the quality of life for indigenous families.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about the Federal Home Loan Bank of Dallas’ Native American Housing Opportunities (NAHO) Fund grants awarded to four New Mexico-based tribal housing organizations. It includes details about the recipients, grant amounts, and quotes from representatives of the involved parties. The article is focused on the main topic without any digressions or irrelevant information.
Noise Level: 2
Noise Justification: The article provides relevant and specific information about the Federal Home Loan Bank of Dallas’s efforts to support Native American housing organizations in New Mexico through grant funding. It highlights the recipients of the grants and their intended uses, as well as quotes from involved parties expressing satisfaction with the program. The content is focused on the topic and provides useful details without any apparent filler or misleading information.
Public Companies: Wells Fargo (WFC)
Private Companies: Federal Home Loan Bank of Dallas,Del Norte Credit Union,Southwest Capital Bank
Key People: Greg Hettrick (Senior Vice President and Director of Community Investment at FHLB Dallas), Marco Padilla (Chief Growth Officer of Del Norte Credit Union), Lauren Hornett (Vice President of Philanthropy and Community Impact at Wells Fargo), Greta Armijo (Executive Director of The Pueblo of Jemez Housing Authority), Marshall Neel (Senior Vice President of Compliance and CRA Officer at Southwest Capital Bank), Isaac Perez (Executive Director of San Felipe Pueblo Housing Authority)
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the distribution of $550,000 in grants to New Mexico-based tribal housing organizations through the Native American Housing Opportunities (NAHO) Fund. The NAHO Fund is a financial initiative aimed at addressing housing needs of federally recognized tribes and tribally designated housing entities. It provides grants for various purposes such as down payment, closing cost, rental assistance, repairs, new construction, administrative expenses, and operational costs. This article does not directly impact financial markets or specific companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: The article discusses grants awarded for housing projects but does not mention any extreme event occurring in the last 48 hours.·
Move Size: No market move size mentioned.
Sector: All
Direction: Up
Magnitude: Small
Affected Instruments: Stocks
www.businesswire.com 
