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Real Estate

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ISLETA, N.M. — Tiwa Lending Services, a Native community development financial institution, has developed a viable mortgage business from a base on the Isleta Pueblo of New Mexico.

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The Department of Veterans Affairs Native American Direct Loan (NADL) program is seriously out of whack. 

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DOWAGIAC, Mich. — Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, has co-invested in a mixed-use property that aims to play a role in the revitalization of a Southwest Michigan city.

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Tribes that apply for expedited leasing authority can flex their sovereignty to remove bottlenecks that get in the way of tribal members receiving mortgages.

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The first three rounds of funding in the Multifamily Housing Program of the California Department of Housing and Community Development produced goose eggs for tribal programs. 

However, one tribe got funded for $8.5 million in the most recent round, and the next round quadruples funding for Native housing projects.

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SELFRIDGE, N.D. — As executive director of the Standing Rock Sioux Tribe’s housing authority, Wilbur Red Tomahawk gained extensive experience working with Low Income Housing Tax Credit deals. Now the Standing Rock Sioux Tribe member is heading his own firm in an effort to bring a tribal perspective to help tribes access the program.

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Two years ago at the beginning of the COVID-19 pandemic, Robin Danner saw the writing on the wall for the already fragile housing market in Hawaii. 

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Michigan’s tribes will now be guaranteed access to the Low Income Housing Tax Credit program as the state’s housing finance agency, the Michigan State Housing Development Authority (MSHDA), has implemented a yearly tribal set aside.

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Seventy-four tribal communities will split more than $83.3 million in grants for housing and infrastructure projects supported by funding from the American Rescue Plan Act.

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JUNEAU, Alaska — The Central Council of the Tlingit and Haida Indian Tribes of Alaska has purchased two buildings with more than 92,000 square feet in downtown Juneau’s Aak’w Village District.