Loan
We found 4 funding programs that match your search criteria.
Available Now
Section 504 Single Family Housing Repair Loans & Grants
US Department Of Agriculture (USDA)
Loans for very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
Eligible Applicants:
Individual Renter or Homeowner
About the Award:
Loans for very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
Example Eligible IAQ Activities:
Heat Source Replacement, Mold Remediation, Ventilation Installation, Insulation Improvements
Funding Details:
- Maximum grant is $10,000
- Maximum loan is $40,000 (can be combined)
- Loans can be repaid over 20 years
Regions:
National
Program Highlights:
In 2014, Marilyn Wagner, a tribal elder on the Warm Springs Reservation received a $6,846 grant to remediate health and safety hazards in her home. This included installing a new wood stove chimney and remediating moisture and rot issues with the ceiling and floor tiles. [Source]
Typical Application Period: Rolling
Notes:
Recipients of program loans hoping to fund a project on tribal trust land are required to provide a deed of trust as a form of security for the loan. As this part of the application process can be difficult to navigate, close collaboration between loan recipients, USDA, BIA, and other involved parties is recommended.
Contact:
Dependent on Region - Contact your local Rural Development Office
last modified: 2019-09-16 13:37:06
Available Now
Section 502 Direct Loan Program
US Department Of Agriculture (USDA)
Loans for low-income residents to fund housing repair and purchasing a new home.
Eligible Applicants:
Individual Renter or Homeowner
About the Award:
This program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability.
Example Eligible IAQ Activities:
Healthy Homes Construction, Weatherization, Insulation, Heat Source Replacement, Ventilation, HVAC Upgrade
Funding Details:
Amount of assistance allowed is dependent on adjusted family income up to 33 year payback period (38 years for very low income).
Award Type:
Loan
Regions:
National
Typical Application Period: Rolling
Notes:
Recipients of program loans hoping to fund a project on tribal trust land are required to provide a deed of trust as a form of security for the loan. As this part of the application process can be difficult to navigate, close collaboration between loan recipients, USDA, BIA, and other involved parties is recommended.
last modified: 2019-09-16 11:55:41
Available Now
Title VI Loan Guarantee Program
US Department Of Housing And Urban Development (HUD)
Loans for IHBG borrowers to fund additional construction or repair efforts.
Eligible Applicants:
Federally-Recognized Indian Tribe
Tribal Housing Authority/TDHE
About the Award:
The purpose of the Title VI loan guarantee is to assist IHBG recipients (borrowers) who want to finance additional grant-eligible construction or development at today’s costs. This can be used to create new housing, rehabilitate housing, build infrastructure, construct community facilities, and acquire community land for housing, among other activities.
Example Eligible IAQ Activities:
Development, Rehabilitation, Energy Efficiency, Weatherization, Ventilation
Funding Details:
- Tribes use IHBG funds to leverage additional funds for larger projects
- The maximum guarantee amount that a tribe/TDHE can borrow is approximately five times the need portion.
- Tribes can stretch loan payments to up to 20 years.
Award Type:
Loan
Regions:
National
Program Highlights:
Tagiugmiullu Nunamiullu Housing Authority (TNHA) used a loan for $6,672,170 to develop 24 affordable houses designed to maximize energy efficiency in this permanently cold climate. [source]
Typical Application Period: Rolling
last modified: 2019-09-17 07:17:41
Available Now
Native American Direct Loan (NADL)
US Department of Veterans Affairs
VA provides direct home loans to eligible Native American Veterans to finance the purchase, construction, or improvement of homes on Federal Trust Land, or to refinance a prior NADL to reduce the interest rate.
Eligible Applicants:
Individual Renter or Homeowner
About the Award:
Native American Veterans and their spouses may be eligible to receive a guaranteed loan to purchase, construct, or improve a home on Federally-recognized trust, allotted lands, Alaska Native corporations, and Pacific Island territories. The NADL Program offers no downpayment, a 3.75% interest rate, and no private mortgage insurance cost. Eligible applicants must have a valid Certificate of Eligibility and be a satisfactory credit risk. The tribal government of your member tribe must have a signed Memorandum of Understanding (MOU) with the Secretary of Veteran Affairs, which spells out the conditions under which the program will operate on its trust lands. Follow this link to see if your tribe has a MOU with the Department of Veterans Affairs. Native American Veterans must pay a low funding fee of 1.25% to obtain VA's direct loan to purchase a home.
Example Eligible IAQ Activities:
Construction, Repairs, Weatherization
Funding Details:
- No downpayment
- 3.75% interest rate. Interest rates are subject to change due to market fluctuations.
- Maximum loan limits vary based on location.
- Fixed-rate 30-year mortgage
Award Type:
Loan
Regions:
National
Typical Application Period: Rolling
Contact:
Regional Loan Center of Jurisdiction - 1-877-827-3702
last modified: 2019-09-26 09:17:10
Section 504 Single Family Housing Repair Loans & Grants
US Department Of Agriculture (USDA)
Loans for very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
About the Award:
Loans for very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
Example Eligible IAQ Activities:
Heat Source Replacement, Mold Remediation, Ventilation Installation, Insulation Improvements
Funding Details:
- Maximum grant is $10,000
- Maximum loan is $40,000 (can be combined)
- Loans can be repaid over 20 years
National
Program Highlights:
In 2014, Marilyn Wagner, a tribal elder on the Warm Springs Reservation received a $6,846 grant to remediate health and safety hazards in her home. This included installing a new wood stove chimney and remediating moisture and rot issues with the ceiling and floor tiles. [Source]
Typical Application Period: Rolling
Notes:
Recipients of program loans hoping to fund a project on tribal trust land are required to provide a deed of trust as a form of security for the loan. As this part of the application process can be difficult to navigate, close collaboration between loan recipients, USDA, BIA, and other involved parties is recommended.
Contact:
Dependent on Region - Contact your local Rural Development Office
Section 502 Direct Loan Program
US Department Of Agriculture (USDA)
Loans for low-income residents to fund housing repair and purchasing a new home.
About the Award:
This program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability.
Example Eligible IAQ Activities:
Healthy Homes Construction, Weatherization, Insulation, Heat Source Replacement, Ventilation, HVAC Upgrade
Funding Details:
Amount of assistance allowed is dependent on adjusted family income up to 33 year payback period (38 years for very low income).
Loan
National
Typical Application Period: Rolling
Notes:
Recipients of program loans hoping to fund a project on tribal trust land are required to provide a deed of trust as a form of security for the loan. As this part of the application process can be difficult to navigate, close collaboration between loan recipients, USDA, BIA, and other involved parties is recommended.
Title VI Loan Guarantee Program
US Department Of Housing And Urban Development (HUD)
Loans for IHBG borrowers to fund additional construction or repair efforts.
About the Award:
The purpose of the Title VI loan guarantee is to assist IHBG recipients (borrowers) who want to finance additional grant-eligible construction or development at today’s costs. This can be used to create new housing, rehabilitate housing, build infrastructure, construct community facilities, and acquire community land for housing, among other activities.
Example Eligible IAQ Activities:
Development, Rehabilitation, Energy Efficiency, Weatherization, Ventilation
Funding Details:
- Tribes use IHBG funds to leverage additional funds for larger projects
- The maximum guarantee amount that a tribe/TDHE can borrow is approximately five times the need portion.
- Tribes can stretch loan payments to up to 20 years.
Loan
National
Program Highlights:
Tagiugmiullu Nunamiullu Housing Authority (TNHA) used a loan for $6,672,170 to develop 24 affordable houses designed to maximize energy efficiency in this permanently cold climate. [source]
Typical Application Period: Rolling
Native American Direct Loan (NADL)
US Department of Veterans Affairs
VA provides direct home loans to eligible Native American Veterans to finance the purchase, construction, or improvement of homes on Federal Trust Land, or to refinance a prior NADL to reduce the interest rate.
About the Award:
Native American Veterans and their spouses may be eligible to receive a guaranteed loan to purchase, construct, or improve a home on Federally-recognized trust, allotted lands, Alaska Native corporations, and Pacific Island territories. The NADL Program offers no downpayment, a 3.75% interest rate, and no private mortgage insurance cost. Eligible applicants must have a valid Certificate of Eligibility and be a satisfactory credit risk. The tribal government of your member tribe must have a signed Memorandum of Understanding (MOU) with the Secretary of Veteran Affairs, which spells out the conditions under which the program will operate on its trust lands. Follow this link to see if your tribe has a MOU with the Department of Veterans Affairs. Native American Veterans must pay a low funding fee of 1.25% to obtain VA's direct loan to purchase a home.
Example Eligible IAQ Activities:
Construction, Repairs, Weatherization
Funding Details:
- No downpayment
- 3.75% interest rate. Interest rates are subject to change due to market fluctuations.
- Maximum loan limits vary based on location.
- Fixed-rate 30-year mortgage
Loan
National
Typical Application Period: Rolling
Contact:
Regional Loan Center of Jurisdiction - 1-877-827-3702