HUD Expands Tribal Counseling Services

The Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is expanding services for Tribal communities. A new final rule outlines the requirements for gaining a housing counselor certification related to the Indian Housing Block Grant (IHBG) and Indian Community Development Block Grant (ICDBG). The new rule creates a new category of certified housing counselor, a HUD-certified Tribal housing counselor, and implements a new exam that features information specifically about fair housing laws related to Tribes and the status of trust land. A four-year transition period will give grantees time to ensure housing counselors can get certified, and HUD will facilitate additional training for those who become certified, as well as modify study materials for housing counselor examinations…

New Final Rule Aims To Boost Native American Homeownership

The Department of Housing and Urban Development announced a final rule aimed at boosting homeownership for Native American families. The final rule “clarifies the rules governing Tribal participation in the program” while establishing underwriting requirements, rules on the closing and endorsement process, stronger and clearer servicing requirements, as well as other updated standards. It is designed to increase lender participation in the Section 184 Indian Housing Loan Guarantee program and strengthen regulations to align with its current needs. HUD says it worked closely with Tribal leaders to create a program that would genuinely boost homeownership in their communities. The new regulations increase borrower protections and “encourage new lender participation.” “Homeownership is key to building generational wealth. By enhancing the Section…