Since 1992, the Section 184 Indian Home Loan Program has been providing homeownership and housing rehabilitation opportunities for Native Americans, families, tribes, and Alaskan Natives. Tribally designated housing entities, (which include Indian Housing Authorities) on approved Indian area or land are equally eligible for this loan.
The loan can be used to purchasing new home, construction and rehabilitation of designated homes in the community. Hence, it is a loan you can avail to get a comfortable dwelling in your rural Indian district.
In addition, Congress approved this loan to Indians because of the Unique Status of Indian lands and to improve access to capital for Native Americans. This also includes private funding opportunities for the tribal housing agencies.
Eligibility for the Section 184 Indian Home Loan Guarantee Program include: Native Americans or Alaska Natives that have enrolled for a federally recognized tribe; a member of an Alaska Village and Regional Corporation established pursuant to the Alaska Native Claims Settlement Act; an Indian tribe; a Tribally Designated Housing Entity (TDHE) and an Indian Housing Authority (IHA).
Further information on eligibility for this loan can be accessed from the www.hud.gov
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