Search Results for keywords:"economic development"

The Assistant Secretary—Indian Affairs approved the Shawnee Tribe's new leasing regulations under the HEARTH Act, allowing them to lease their lands for various purposes like business, educational, and cultural activities without needing further approval from the Secretary of the Interior. This approval aims to give tribes more control over their lands and help them develop their economies. The rules also state that state and local taxes cannot be applied to improvements or activities on these lands, although the Shawnee Tribe might levy their own taxes. The Federal Government continues to support the tribes in managing and monitoring these leases.

The Community Development Financial Institutions Fund (CDFI Fund), part of the U.S. Department of Treasury, has announced the availability of up to $500 million in guarantees for fiscal year 2025 under the CDFI Bond Guarantee Program. This program is designed to help Community Development Financial Institutions (CDFIs) by offering bond guarantees that support lending for economic development projects. Interested parties need to submit their applications by specified deadlines in early 2025. The rules and detailed requirements for the application and qualification processes are explained in the notice, which also includes guidance on compliance with regulations and statutes.

The Bureau of Indian Affairs (BIA) has approved the Kickapoo Tribe of Oklahoma's Business Leasing Ordinance under the HEARTH Act, allowing the tribe to conduct agricultural, business, residential, and other types of leases without needing further BIA approval. This approval is part of a broader initiative to enhance tribal control over land leasing and reduce bureaucratic delays, thereby promoting economic development and tribal sovereignty. The federal government maintains a strong interest in preventing state and local taxes from being applied to improvements and activities on tribal lands, aiming to support self-sufficiency and prevent economic burdens that could discourage leasing activities.

The Rural Housing Service, part of the US Department of Agriculture, is accepting applications for the Rural Community Development Initiative (RCDI) Grant Program for fiscal year 2021. These grants are awarded to intermediary organizations, which then provide financial and technical support to other groups working on housing, community facilities, or economic development in rural areas. Applicants must match the federal funds they receive, and the grants range from $50,000 to $250,000. The deadlines for application submissions are March 22, 2021, for electronic applications and March 29, 2021, for paper submissions.

The Bureau of Indian Affairs (BIA) has approved the Kickapoo Tribe of Oklahoma's Residential Leasing Ordinance under the HEARTH Act. This approval permits the Tribe to enter into residential leases without needing further BIA consent, promoting greater autonomy in managing their lands. The HEARTH Act allows Tribes to manage leases more flexibly for up to 75 years, aligning with federal regulations and supporting tribal self-determination and economic development. Federal and Tribal interests are protected against state and local taxes on lease activities, which can instead be subjected to tribal taxes.