arrow_back Back to App

Support for Native American Rural Homeownership

This act aims to facilitate homeownership for Native Americans, Alaska Natives, and Native Hawaiians in rural areas. It achieves this by permanently funding a lending program for financial institutions serving these communities, increasing access to mortgages and improving housing conditions.
Key points
Permanent Funding: The lending program for Native community development financial institutions is made permanent, ensuring long-term support.
Increased Loan Access: $50 million annually will be set aside for direct loans to these institutions, boosting their capacity to provide mortgages.
Operational Support: These institutions will also receive grants for operational support, helping them function more effectively and reach more individuals.
Priority for Tribal Land: Loans will prioritize individuals residing on priority Tribal land, aiming to strengthen these communities.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2092
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2021-06-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Native American Rural Homeownership Improvement Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2092.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-16.

What are the main provisions?

Key points include:

  • Permanent Funding: The lending program for Native community development financial institutions is made permanent, ensuring long-term support.
  • Increased Loan Access: $50 million annually will be set aside for direct loans to these institutions, boosting their capacity to provide mortgages.
  • Operational Support: These institutions will also receive grants for operational support, helping them function more effectively and reach more individuals.
  • Priority for Tribal Land: Loans will prioritize individuals residing on priority Tribal land, aiming to strengthen these communities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Real Estate Benefits Agriculture