### Native Community Development Financial Institution Takes New Leadership Steps to Reacquire Ancestral Lands
In an inspiring move for tribal empowerment, the Indian Land Capital Company (ILCC) is poised to embark on its next growth phase, driven by a commitment to helping Native tribes reacquire ancestral land. Under the new leadership of Dave Tovey, recently elected as board chair, and the addition of three new directors, ILCC is expanding its lending program to further support tribal governments in their land purchases.
### A Proven Track Record
Since its inception in 2005, ILCC, located in Little Canada, Minnesota, has successfully provided 34 loans totaling over $45 million to 23 tribes. This impressive financial assistance has aided in the reacquisition of 70,000 acres of ancestral land. The land has been repurposed for vital activities, including agriculture, cultural sites, housing development, and essential social services—fostering a stronger connection to heritage and community resilience.
### Leadership Transition
Dave Tovey, who holds the dual heritage of Cayuse and Joseph Band Nez Perce, has been a long-standing member of the ILCC board since 2007 and has served as vice chair since 2010. His unique background and extensive experience in the Native community make him a fitting choice for the board chair role, succeeding Cris Stainbrook, a founding member who tirelessly advocated for tribal land reacquisition since ILCC’s founding.
“Dave has lived virtually all the organization’s history,” noted Stainbrook. “He brings a background of innovation and is uniquely suited to be in the Chair for the future of ILCC.” Tovey’s leadership will likely amplify ILCC’s impact, driving forward its mission to assist tribes in regaining their land and resources.
### The New Board
Alongside Tovey, the board welcomes new leadership, including Howard D. Valandra as vice chair and Sayer Jones as secretary/treasurer. Valandra, who identifies as Sicangu, currently serves as the president of the Indian Land Tenure Foundation, having previously directed Tribal Land Enterprises for the Rosebud Sioux Reservation. His wealth of knowledge in tribal land management positions him well to contribute to ILCC’s vision.
Meanwhile, Jones brings substantial institutional investment experience to the table, having overseen significant mission-related investments at Meyer Memorial Trust. His financial acumen will be crucial as ILCC aims to enhance its lending capabilities.
### Addition of New Directors
The ILCC board now also features three new directors, with Valandra and Randy Emm appointed by the Indian Land Tenure Foundation, ILCC’s parent organization. Emm, a member of the Yerington Paiute tribe, operates a productive hay and beef business, offering insights into agricultural sustainability.
Zach Ducheneaux, who is of the Cheyenne River Lakota Nation, rounds out the new appointments. His previous role as USDA administrator of the Farm Service Agency during the Biden/Harris administration and as the former leader of the Intertribal Agriculture Council grants him a deep understanding of federal agricultural policies affecting Native communities.
### New Leadership Roles
Earlier this year, Cris Stainbrook transitioned to the role of CEO of ILCC after retiring from his long tenure with the Indian Land Tenure Foundation. His shift to the executive role signals a renewed focus on capital raising and increased lending within the organization. Stainbrook’s proactive stance makes it clear that ILCC is aiming to elevate its services, ultimately accelerating the process of land reacquisition for tribes.
Supporting his leadership, D’Arcy Bordeaux, a Sicangu Lakota and veteran of the Indian Land Tenure Foundation, steps into the position of chief operating officer. Her background in accounting and human resources positions her well to navigate the operational complexities of ILCC as it pursues its ambitious growth plans.
### Vision for the Future
“There is significant potential for ILCC to grow faster,” Stainbrook expressed. “We are at the heart of assisting tribes in getting their land back.” This forward-looking attitude not only highlights ILCC’s commitment to tribal sovereignty but also the understanding that reacquisition of land is a pathway toward economic independence and cultural revitalization.
With a refreshed leadership team and a clear strategic vision, ILCC is prepared to continue its vital work in supporting Native tribes on their journey to reclaim their heritage and foster sustainable communities.