Eli Crane (R-AZ02)

Impact in the District

Between 2005 and 2023, there was $232 million in total lending from CDFI Fund award recipients, including $39.6 million in loans to businesses and entrepreneurs, $45.6 million in housing development and mortgage lending, $108.4 million in consumer lending, $26.5 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Clearinghouse CDFI Helps Fund Native COVID Resilience and Recovery Program
Red Feather Development Group's New Native Home Resource Network will Connect Limited Income Families Living on the Hopi and Navajo Nations to Healthy Housing Resources
From ‘Poverty with a View’ to Housing Equity: Wells Fargo Teams Up with RCAC and HSNA to Bring Hope to Northern Arizona
Nearly half a century ago, the phrase “poverty with a view” was coined to poke fun at the exorbitant cost of living in Flagstaff, Arizona. Today, it serves as a bleak reminder of a worsening crisis that threatens to uproot the region’s most vulnerable communities.
Little Colorado Meats brings farm-to-table benefits, food justice to struggling family ranches
“RCAC walked us through those really important steps of capacity building; they helped us with policies, procedures and procurement. RCAC helped us hold ourselves together, which was important to secure funds and develop and administer larger projects.”
NPH attracting higher-income professionals to live full-time on tribal lands
Karigan Estates is a project of the Navajo Nation, a master-planned, 113-acre site consisting of single-family homes, apartment complexes, townhomes, retail/commercial, and governmental offices. The Nation’s Division of Economic Development transferred 25 lots to (NPH), the designated developer when this phase began several years ago. NPH has provided marketing, design, construction management, homebuyer education, and counseling services to prospective buyers since that time. From 2010-2017, Community Housing Capital (CHC) provided NPH with $3 million of financing to help develop the Karigan Estates.
White Mountain Apache Timber
The last large sawmill in northern Arizona, one of the tribe’s largest employers, and a significant part of the wood industry shut operations down in 2010. The tribe later engaged two of the timber industry’s top consultants who revamped their business plan, leveraging financing to upgrade the mill with new technological equipment, establish a working capital, and the mill reopened in 2014.
CDFIs with Branches in the District
Hopi Credit Association
Navajo community Development Financial Institution Inc Non Profit
Pinal County Federal Credit Union
Pinal County Federal Credit Union
San Carlos Apache Tribe Relending Enterprise

Map of CDFI Branches and Stories in

Arizona Fact Sheet