U.S. Department of Agriculture (USDA) Acting Under Secretary for Rural Development Roger Glendenning today announced the Department is partnering with eight Native Community Development Financial Institutions (NCDFIs) to expand homeownership opportunities for Native Americans living on Tribal lands in eight states.
“Well-built, energy-efficient, affordable housing is essential to the vitality of communities in rural and Tribal America,” Glendenning said. “Since 1949, USDA has helped provide homes for people living in rural and Tribal communities, and our partnership with Native Community Development Financial Institutions strengthens that legacy. That’s why we are proud to partner with these expert organizations to help us continue driving economic security and prosperity for people in Tribal communities across the nation.”
In Michigan, Lake Superior Community Development Corporation is receiving a $500,000 loan to finance five homes.
“USDA is continuing to build new partnerships and find innovative ways to help all rural residents achieve the goal of homeownership,” said USDA Rural Development State Director for Michigan Brandon Fewins.
USDA is providing funding to each institution through the Native CDFI Relending Demonstration Program. This USDA program provides loans to NCDFIs to relend to eligible homebuyers on Native lands. The pilot program is being administered under the Single Family Housing Direct Loan program.