arrow_back Back to App

Support for Native Americans in Rural Homeownership

This act aims to make homeownership easier for Native Americans, Alaska Natives, and Native Hawaiians in rural areas. It establishes a permanent lending program that provides funds to Native community development financial institutions, enabling them to offer mortgages. This will increase homeownership opportunities for more families, especially on tribal lands.
Key points
The lending program for Native community development financial institutions becomes permanent, ensuring long-term support.
50 million dollars annually will be allocated for direct loans to these institutions to facilitate mortgage lending.
Priority for loans will be given to individuals residing on priority Tribal land, and the matching fund requirement may be waived for such loans.
Institutions will also receive grants for operational support and funds for outreach to potential homebuyers.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6331
Sponsor: Rep. Johnson, Dusty [R-SD-At Large]
Process start date: 2021-12-20