WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Development Investments newsletter entitled “Housing Financing in Indian Country: Spotlight on HUD’s Title VI Program.”
This issue describes the Department of Housing and Urban Development’s (HUD) Title VI loan guarantee program, and presents examples of how banks have used the program to extend financing for housing in Indian Country. This edition also reviews how these activities may be eligible for Community Reinvestment Act consideration.
“There are too many Native American communities experiencing severe shortages of affordable and decent housing. This publication highlights opportunities for banks to obtain federal guarantees on loans they make to support affordable housing in Indian Country,” said Comptroller of the Currency Thomas J. Curry. “By presenting examples of how banks have experienced success financing affordable housing projects in Native American communities, we hope other banks will explore the use of this HUD program.”
This edition of Community Development Investments is part of a group of resources available to banks interested in exploring opportunities in Indian Country. These resources can be accessed on the OCC’s website at www.occ.gov.
Banks interested in learning more about providing financial services in Indian Country may contact the OCC’s District Community Affairs Offices located throughout the nation.