HUD devised its 184 mortgage loan program to finance the purchase, construction or rehabilitation of one- to four-family homes. These homes must be occupied by a tribal member and located on trust land or in an “Indian area” to qualify for the program. HUD 184 loans may be made to individual Indians or to tribal housing authorities for resale to tribal members. The program offers many benefits. HUD provides a 100 percent guarantee for the outstanding loan balance.
HUD: Indian Home Loan Guarantee Program (Section 184)
Written by
in