indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+
ph: 202 630 8439   fax: 202 318 2182
Kill The Tobacco Master Settlement Agreement
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
HUD raises Section 184 Indian home loan guarantee fee to 1.5%

Filed Under: National
More on: appropriations, federal register, housing, hud
   

The Department of Housing and Urban Development has raised the fee for the Section 184 Indian Home Loan Guarantee Program.

H.R.933, the 2013 Consolidated and Further Continuing Appropriations Act, authorized HUD to raise the fee to up to 3 percent. A notice that was published in today's issue of the Federal Register sets the fee at 1.5 percent, up from the current 1 percent.

The fee, which is based on the total loan amount, is passed on to the borrower. Typically, it's added to the mortgage for the Native buyer who participates in the Section 184 program but it also can be paid in cash.

'The Section 184 program charges borrowers a guarantee fee to participate in the program and the fee, along with other funds and appropriations, is used to fulfill obligations of the Secretary with respect to the loans guaranteed under this section," a second notice states.

HUD set the new fee without putting it to public comment and without consulting tribes, according to the second notice.

As of 2010, Section 184 has guaranteed over 12,000 loans, totaling nearly $2 billion, according to HUD.

Federal Register Notices:
Conforming Amendment to the Section 184 Indian Housing Loan Guarantee Program Regulations (March 5, 2014)
Section 184 Indian Housing Loan Guarantee Program Increase in the Loan Guarantee Fee (March 5, 2014)


Copyright © Indianz.Com
More headlines...
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Native Sun News: Lawmakers seek distribution of Cobell checks (7/31)
Senate Indian Affairs Committee passes seven bills at meeting (7/31)
David Wilkins: Finding some common ground on disenrollments (7/31)
Notah Begay to be inducted into Stanford Athletics Hall of Fame (7/31)
Opinion: Native Americans shackled in poverty by federal policy (7/31)
Column: Sen. McCain breaks promise on Tohono O'odham casino (7/31)
Survey shows support for smoke-free tribal casinos in Wisconsin (7/31)
Chumash Tribe hosts public meeting on $160M casino expansion (7/31)
Crews stop spread of fires that came near Barona Band's casino (7/31)
Prairie Island Tribe arrests woman for posessing meth at casino (7/31)
Native Sun News: Website tracks missing and murdered women (7/30)
Native Sun News: AmeriCorps expands efforts in Indian Country (7/30)
House Natural Resources Committee markup on four tribal bills (7/30)
Mark Begich: A permanent fix for tribal contract support costs (7/30)
Paul Moorehead: Let's get back to promoting self-government (7/30)
Tanya Lee: Violence against Native women a national disgrace (7/30)
Rep. Markwayne Mullin named one of 50 Most Beautiful on Hill (7/30)
Tribes criticize veto provisions in BIA federal recognition rule (7/30)
Great Plains tribes hold conference to safeguard water rights (7/30)
Yurok Tribe wraps up marijuana raids with nearly 13K plants (7/30)
Law Article: Tribal lenders fight federal agency investigation (7/30)
Editorial: Muscogee Nation paves the way for college's future (7/30)
NPR: Relying on social media to keep Native languages alive (7/30)
Opinion: EPA exploits tribes by recognizing their sovereignty (7/30)
Mescalero Apache Nation man sentenced for meth trafficking (7/30)
BIA won't commit to timeline on Mashpee Wampanoag casino (7/30)
Employees at Graton Rancheria casino to negotiate labor deal (7/30)
Tohono O'odham Nation blasts bill to bar off-reservation casino (7/30)
Opposition group sues to block gaming referendum in Nebraska (7/30)
Native Sun News: Native nations unite on uranium mine cleanup (7/29)
Audio from House subcommittee hearing on five tribal measures (7/29)
House Subcommittee on Indian and Alaska Native Affairs hearing (7/29)
Witness List: SCIA hearing on natural disasters in Indian Country (7/29)
Gyasi Ross: Tribes put principle over profit in banning Ted Nugent (7/29)
Steven Newcomb: UN perpetuates dominance of Native peoples (7/29)
Megan Red Shirt-Shaw: Music festival outlaws faux headdresses (7/29)
BIA holds final in-person meeting on federal recognition reform (7/29)
'Caucasians' t-shirt sees boost in popularity thanks to Native DJ (7/29)
WyoFile: Tribes depend on Medicaid funding for health services (7/29)
Another member of Miccosukee Tribe killed in fatal car accident (7/29)
Former employee sentenced for theft from Chippewa Cree Tribe (7/29)
Editorial: Washington team's 'racial slur' has no place in society (7/29)
Review: 'Unreal City' exploits coal from Hopi and Navajo tribes (7/29)
Senate bill introduced to kill Tohono O'odham Nation casino bid (7/29)
Mohegan Tribe reports declines in gaming revenues and profits (7/29)
Muscogee Nation adds steakhouse to $335M casino expansion (7/29)
Editorial: Proposed Pojoaque Pueblo compact hurts New Mexico (7/29)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.