Bill > S2092

This bill, the Native American Rural Homeownership Improvement Act of 2021, permanently authorizes the Native Community Development Financial Institutions (Native CDFIs) lending program within the Department of Agriculture. The bill sets aside $50 million annually from the Department's direct loan program to make loans to Native CDFIs, which must provide at least a 20% non-federal cost share. These loans can then be used by Native CDFIs to make loans to members of Indian Tribes, Alaska Native communities, or Native Hawaiian communities, with priority given to those living on Tribal trust lands. The bill also requires annual reporting on the program's activities and an evaluation of its effectiveness after three years.