Further, through its flagship program, Investment Connection, FRB Kansas City links banks with CRA-eligible activities. Since its creation in 2011, Investment Connection has enabled $ million in loans and grants to be connected with community organizations.37 These funds have supported work in affordable housing, small business development, and workforce development, among other areas.
Several organizations working in Indian Country have been able to make successful, CRA-eligible connections through FRB Kansas City’s Investment Connection, including an Oklahoma based Native American CDFI. The Federal Reserve System will continue to be a resource to provide information and best practices for CDFIs as more tribes seek information about establishing their own financial institution.