OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Cortez Masto Joins Bipartisan Effort to Improve Native American Lending Services at HUD, Help More Native Families Become Homeowners

Statement

Date: Oct. 30, 2019
Location: Washington, DC
Issues: Indigenous Peoples Housing and Property

U.S. Senator Catherine Cortez Masto (D-Nev.) joined Senators Mike Rounds (R-S.D.) and Tina Smith (D-Minn.) in introducing the Native American Housing Affordability Act of 2019. This bipartisan legislation reforms the Housing and Urban Development (HUD) Section 184 Indian Home Loan Guarantee Program, which provides mortgage loans to Native Americans and Alaska Natives, by speeding up the loan processing time.

"Buying a home is an important step toward building wealth and security for one's family. Yet this step is often delayed or denied for Native Americans seeking to purchase homes on Indian trust land," said Senator Cortez Masto. "This legislation would temporarily bypass a backlog at the Bureau of Indian Affairs that prevents lenders from extending HUD-guaranteed loans to these individuals in a timely manner. I'll continue working to ensure that families living in tribal communities have the same opportunities as any other family to become homeowners."


Source
arrow_upward