HomeMy WebLinkAbout07-27-23 Correspondence - US Dept of Agriculture - [EXTERNAL]USDA Launches Pilot Programs to Increase Affordable Homeownership Opportunities for People on Tribal LandsFrom:USDA Rural Development MontanaTo:AgendaSubject:[EXTERNAL]USDA Launches Pilot Programs to Increase Affordable Homeownership Opportunities for People on TribalLandsDate:Wednesday, July 26, 2023 1:29:57 PM
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USDA Rural Development - Together, America Prospers
News Release
Contact: press@usda.gov
USDA Launches Pilot Programs to Increase AffordableHomeownership Opportunities for People on Tribal Lands
WASHINGTON, July 26, 2023 – U.S. Department of Agriculture (USDA) Rural
Development Acting Under Secretary Roger Glendenning today announced that USDA is
launching two pilot programs to increase affordable homeownership opportunities for
people on Tribal lands.
For more information on both pilot programs, see page 48031 of the July 26 Federal
Register.
“Well-built, energy-efficient, affordable housing is essential to the vitality of communities in
rural and Tribal America,” Glendenning said. “The assistance I'm announcing today will
help people across this nation have the resources they need to build, purchase or repair
homes in Tribal communities. The Biden-Harris Administration is committed to ensuring
that all Americans have an affordable place they can call home and opportunities to build
generational wealth through homeownership.”
USDA is launching the Tribal Property Valuation Pilot Program. It provides approved
lenders the opportunity to obtain desktop appraisals for mortgage transactions on Tribal
land. This program will help decrease the cost and eliminate potential inaccuracies of
appraisal reports completed on properties located on Tribal land.
The Department is also launching the Tribal Rehabilitation Pilot Program to help people
remain in safe and improved housing on Tribal lands and improve their quality of life.
Many homes on Tribal lands have been passed on from one generation to the next and
need renovations to make them safe and bring them up to current codes. Funds under this
program may be used to finance repairs to these homes.
USDA is making these programs available for approved lenders through the Single-Family
Housing Guaranteed Loan Program. The programs will eliminate barriers to secure
mortgages and make it easier to build, purchase and repair homes on Tribal lands. This
funding is being made available as part of President Biden’s Investing in America agenda.
Under the Biden-Harris Administration, Rural Development provides loans and grants to
help expand economic opportunities, create jobs and improve the quality of life for millions
of Americans in Tribal and rural areas. For more information, visit www.rd.usda.gov.
To subscribe to USDA Rural Development updates, visit our GovDelivery subscriber page.
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