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    $2.24 Million Loan to Purchase Land to Further Tribal Enterprises and Economic Development

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    The Pinoleville Pomo Nation consists of 280 Native members currently residing in Ukiah, California.

  • detail image of project

    The Pinoleville Pomo Nation consists of 280 Native members currently residing in Ukiah, California.

  • detail image of project

    The Pinoleville Pomo Nation consists of 280 Native members currently residing in Ukiah, California.

Pinoleville Pomo Nation

The Pinoleville Pomo Nation consists of 280 Native members currently residing in Ukiah, California. The Rancheria has been in existence for over 100 years.

In a unique partnership, Clearinghouse CDFI purchased a 90% participation in a $2,240,000 loan to the Pinoleville Pomo Nation to obtain land which was part of the Tribe’s original Rancheria established in 1911, but had since been acquired by a private party.

The loan was originated by Indian Land Capital Company, a Native Community Development Financial Institution, and was further supported by Indian Land Tenure Foundation, a national, community-based organization serving American Indian nations and people in the recovery and control of their rightful homelands. The purchase of the land allows the Pinoleville Pomo Nation to further tribal enterprises for economic development.

Pomo Nation

Financing Provided:
$2.24 Million Loan
Location:
Ukiah, CA
Impact:
Support Tribal enterprises for 280 Native members of Pinoleville Pomo Nation
Purpose:
Loan to the Pinoleville Pomo Nation to obtain land which was part of the Tribe’s original Rancheria
Year Funded:
2017
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