On August 23, Commerce’s Montana Board of Housing will sponsor a training focused on Indian Home Loans at the KwaTaqNuk Convention Center.
The Housing and Urban Development Section 184 Indian Home Loan Guarantee Program (HUD 184) is one of the many vehicles supporting Native American homeownership. This free training will educate lenders and housing authorities about the HUD 184 program which offers homeownership and housing rehabilitation opportunities for eligible Native American individuals, families and tribes.
This training helps lenders understand and find solutions to the challenges of mortgage lending on reservations, such as the relationship between tribes and the federal government, the thin housing markets in many reservation communities, the lack of down payment funds and credit histories for many tribal members, and the use of tribal laws and legal structure to enforce contracts.
For more information visit housing.mt.gov or call 406-841-2840. Click here to register for the training.