Lumbee Regional Development Association, Inc.

Pembroke NC


The Lumbee Regional Development Association, Inc., of Pembroke, NC proposes to serve the over 55,000 Native Americans in Hoke, Robeson, Bladen and Scotland counties of North Carolina through the formation of a loan fund. That loan fund will provide capital for business start-ups, housing construction, rehabilitation and purchase.

CDFI Awards for Lumbee Regional Development Association, Inc.


NACTA (2002) - $87,250

The Fund has awarded LRDA a technical assistance grant of $87,250 to hire a team of consultants to help the organization obtain 501(c)3 status, to develop a capitalization strategy, to develop operating and underwriting procedures, and to prepare a market analysis. The award will also be used to obtain training related to financial management, underwriting, and general CDFI operations and for board development.



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