Community Developments Investments (September 2016)
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Housing Financing in Indian Country: Spotlight on HUD's Title VI Program
This Community Developments Investments spotlights the U.S. Department of Housing and Urban Development's (HUD) Title VI Loan Guarantee (Title VI) Program, which provides an additional source of funding for Indian tribes receiving federal Indian Housing Block Grants for affordable housing activities. This Investments also explains how two banks have used the Title VI program—and how other banks can as well—to provide housing financing in Indian Country.
Access to capital and affordable housing are in short supply in Indian Country. HUD's Title VI program—working collaboratively with tribes, banks, and other federal programs-is promoting housing financing in Indian Country to improve living conditions in Native communities, which are among the poorest in the nation. By participating in the Title VI program, banks can expand their markets and make a critical difference in the lives of these communities.
How the program works, what it has accomplished, and how, by participating in it, banks can support affordable housing in Indian Country.
- Success Spotlight: An overview of Title VI projects in Pueblo de San Ildefonso, NM and Anaktuvuk Pass, AK.
- Indian Housing Block Grant Program: This HUD-administered program provides formula-based grants that promote affordable housing activities in Indian Country.
- Indian Home Loan Guarantee Program: This HUD program provides 100 percent housing loan guarantees for enrolled members of federally recognized tribes.
First National Bank of Gordon, Neb. serves Native Americans living on the Pine Ridge Indian Reservation. In this article, the bank describes a Title VI deal with an Oglala Sioux tribal entity that is creating affordable housing for Pine Ridge residents and helping the bank's bottom line as well.
Bank of America takes a "holistic" approach to financing affordable housing in Indian Country, a strategy that requires understanding the culture and needs of Native American communities.
This publication is part of:
Collection: Community Developments Investments
Deputy Comptroller
Barry Wides
Editorial Staff
Ammar Askari
Janet Fix
Design Staff
Victor Battista
Vincent Harris
On the cover
Native American totem pole with photos (from top to bottom) of a construction worker building a home in Eagle Butte, S.D., a home under construction, and newly completed homes on the Pine Ridge Indian Reservation in Nebraska. (Photos courtesy of the Housing Assistance Council.)
For questions or comments, call (202) 649-6420 or email communityaffairs@occ.treas.gov. This and previous editions are available on the OCC's website at www.occ.gov.
Disclaimer
Articles by non-OCC authors represent the authors' own views and not necessarily the views of the OCC.
Deputy Comptroller
Barry Wides
Editorial Staff
Ted Wartell
Bill Reeves
David Black
Dan Gibbard
Design Staff
Rick Shacklette
Cheryle Robison
For questions or comments, call (202) 649-6420 or email communityaffairs@occ.treas.gov. This and previous editions are available on the OCC's website at www.occ.gov.
Disclaimer
Articles by non-OCC authors represent the authors' own views and not necessarily the views of the OCC.