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William Guevara Oweesta Corporation Director of Institution Development Headquarters in Rapid City, South Dakota Work out of a California office Oweesta: Developing Native Assets :: Building Native Communities 3
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Utah American Indian Housing Council
Market Analysis Project
• We are pleased to announce the partnership between:– Oweesta– Utah Division of Housing and Community Development– Utah Division of Indian Affairs– Utah American Indian Housing Council– 7 Utah Tribes– American Express Center for Community Development– And others
Oweesta: Developing Native Assets :: Building Native Communities 2
Purpose-Informational Meeting
William Guevara
• Oweesta Corporation• Director of Institution Development• Headquarters in Rapid City, South Dakota• Work out of a California office
Oweesta: Developing Native Assets :: Building Native Communities 3
Native CDFI National Intermediary Mohawk word for
money or item of exchange
Training, Capacity Building, Consulting
Capitalization Research, Policy &
Advocacy
Who is Oweesta?
• Published Native American Lending Study in 2001
• Native American Technical Assistance Grants (NACA)
• Funded Native CDFI Training and TA Program in 2003
Oweesta: Developing Native Assets :: Building Native Communities 5
Native CDFI Overview
What is a CDFI?
• Community • Development• Financial • Institution
Oweesta: Developing Native Assets :: Building Native Communities
Community Development• Mission -Community Development• Qualifying Target Market
– Investment area– Low Income Targeted Populations – Other Targeted Populations
• Typically lend for development of: – Housing– Business – Community Services– Individuals’ Asset Building
Oweesta: Developing Native Assets :: Building Native Communities 7
Finanncial Institution
• CDFIs are about financing – money is lent and paid back.
• Intended to be a lasting, dependable source of finance.
Oweesta: Developing Native Assets :: Building Native Communities
What do CDFIs do?
They bring in money from various sources and lend it in the community.
Unlike welfare or grants, the money is paid back and CDFIs work to make sure their borrowers can be financially successful.
Oweesta: Developing Native Assets :: Building Native Communities
What is the Scope of the CDFI Industry?
842 Certified CDFIs as of May 200948 Certified NCDFIs
Credit Unions/Associations 7Loan Funds 34Banks 6Intermediary 1Venture Capital 0
another 70+ emerging at various stages of growth!
Oweesta: Developing Native Assets :: Building Native Communities 10
National NCDFIs (certified and emerging)
Tremendous GrowthCDFI Industry?T
• Conduct an in-depth market analysis to :– Identify Tribal Needs– Identify possible mechanisms to assist
participating Utah Tribes with housing development
Oweesta: Developing Native Assets :: Building Native Communities 13
Project
Market area to include:
•Utah Paiute •Utah Navajo •Ute Mountain
Utes, White Mesa
•Northern Ute and Ouray
•Northwestern Band of Shoshone Nation
•Skull Valley Goshutes
•Confederated Band of Goshutes
•10,000 –20,000 Native Americans residing in the Salt Lake metropolitan area
1. Determine the appropriate structures(s) to deliver viable technical and financial resources for tribal housing
2. Determine the quality of the market for financing in a market (tribal) area
3. Assess the demand for a range of financial products and services in each market area
Oweesta: Developing Native Assets :: Building Native Communities 15
Goals
4. Provide key findings and product recommendations for a potential CDFI in the overall Utah market area.
5. Evaluate the development and financing of the vehicle(s) such as a CDFI to meet tribal needs.
– Include an analysis of tribal capacities and infrastructure needed for the vehicle to function effectively
Oweesta: Developing Native Assets :: Building Native Communities 16
Goals
1. Identify key opinion leaders for onsite interviews• Interviews with key opinion leaders• Creation of a survey instrument• Delivery of surveys2. Collect primary surveys and onsite interviews from a
representative sample of potential reservation participants and borrowers as well as officials with existing housing and small business development programs serving the participating tribes.
Oweesta: Developing Native Assets :: Building Native Communities 17
Work Tasks
3. Conduct an environmental scan to assess existing sources and types of credit and financial services for each reservation
4. Analyze data and generate report• Census data and other (tribal) to determine basic
demographics of each community• Report generation with key products and service
recommendations5. Provide a monthly report to UIHC
Oweesta: Developing Native Assets :: Building Native Communities 18
Work Tasks
6. Provide a one day state-wide report presentation
• Work session to assist UIHC members and the Utah Division of Indian Affairs to understand next steps
Oweesta: Developing Native Assets :: Building Native Communities 19
Work Tasks
• Focus Group– Native American Summit, September 2nd
• Surveys -Online– Tribal Leaders (one survey per community)– Community Members (same for each community but
individualized) I NEED YOUR HELP TO DEVELOP• Set up calls and site visits for each participating tribe
CONTIGUOUS SITE VISITS • Gather information/data from each participating tribe
Oweesta: Developing Native Assets :: Building Native Communities 20
Next Steps From Today
• I need a contact person from each reservation/community
• Assist with surveys• Assist with interviews• Assist with information & data gathering• Answer questions• Review as necessary
Oweesta: Developing Native Assets :: Building Native Communities 21
Next Steps From Today
Thank You!Questions Please
William Guevara707-465-5330 office707-951-0100 [email protected]
www.ournativecirlce.org