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Real Estate

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How much money would it take to solve the Native American housing crisis? 

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With this special reporting project, Tribal Business News is examining the challenges tribes and their citizens face when it comes to housing — as well as what’s needed to address those challenges in a meaningful and sustainable way. Spoiler alert:  It’s not just money.  

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Louie Sheridan, Jr. began working in Indian Housing in 1996, the same year as the Native American Housing Assistance and Self-Determination Act became law.

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Homeownership is about a 50/50 proposition for Native Americans.  More specifically, about half —an estimated 57% — of Native people own their own homes. That's around 15 percentage points lower than white households. The huge disparity is due to a number of widely known challenges, from complex land laws to lack of access to capital.  

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WASHINGTON—Discussion during a Senate subcommittee hearing yesterday was largely friendly, if insistent, conversation about issues facing housing in Indian Country — including safety, grant money spent on remediation instead of new housing development, and underfunded technical assistance programs bound by yards of red tape. 

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The Federal Home Loan Mortgage Corporation — more commonly known as Freddie Mac — said today that it plans to launch a new mortgage product designed to support homeownership among Native Americans. 

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The San Manuel Band of Mission Indians said today that it acquired an ownership stake in the newly renovated Waldorf Astoria Monarch Beach Resort & Club in Dana Point, Calif.

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When Dr. James Collard first stood on the ground that would become the Iron Horse Industrial Park in Shawnee, Oklahoma, the site was little more than a cornfield along the southern banks of the North Canadian River. 

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The economic development arm of the Hopi Tribe announced plans to develop a unique 44-room boutique hotel in the area surrounding Flagstaff, Arizona.   

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Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, announced it acquired a majority stake in Cressy Commercial Real Estate, a full-service brokerage, development, construction and property management firm.