S 1941
Native American Rural Homeownership Improvement Act of 2023
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Bill overview
The Native American Rural Homeownership Improvement Act of 2023 permanently authorizes a Department of Agriculture pilot program designed to increase homeownership opportunities for Native American, Alaska Native, and Native Hawaiian communities in rural areas. This bill establishes a program that provides direct loans to Native community development financial institutions (CDFIs), aiming to boost the number of mortgage transactions they conduct. It also includes provisions for reporting and evaluation to ensure the program’s effectiveness and to inform potential future expansions.
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