Native American Development Corp. secured a $2M loan toward a $23M Billings health clinic — a Native CDFI anchoring the capital stack for Native-owned healthcare infrastructure.
The Billings-based Native American Development Corporation (NADC), one of the oldest Native community development financial institutions in the country, secured a $2 million loan as part of the financing stack for a $23 million health clinic in Billings, Montana. NADC entered healthcare in 2018 with the Billings Urban Indian Health and Wellness Center; the new facility is designed to expand primary and behavioral health capacity for Native residents in Billings and surrounding communities, including members of the nearby Crow Reservation.
Why it matters for EDCs: this is Native-controlled capital financing Native-owned healthcare infrastructure — the consortium model this platform tracks. It also demonstrates how a Native CDFI can anchor a layered capital stack for a major lifeline-sector project.