NEWS RELEASE

USDA Partners with Local Groups to Increase Homeownership Opportunities for Native Americans

Department partners again with Native Community Development Financial Institutions through Relending Program on Tribal Land

WASHINGTON, Oct. 5, 2022 – U.S. Department of Agriculture (USDA) Under Secretary for Rural Development Xochitl Torres Small announced today the Department is providing $4 million in loans to expand the Native American Relending Pilot program. Two Native Community Development Financial Institutions (NCDFIs) will use the loan funds to expand homeownership opportunities for Native Americans living on tribal lands in South and North Dakota.

“At USDA, we are committed to strengthening the futures of Native Americans,” Torres Small said. “We are proud to partner with expert organizations that help us continue to drive economic security and prosperity for rural people. This initiative underscores USDA’s commitment to ensuring that traditionally underserved groups have access to the programs and services that every community needs to thrive and prosper. USDA has helped provide homes for rural people since 1949. This partnership with Native Community Development Financial Institutions continues and strengthens that legacy.”

To learn more, read the full news release.