your internet resource on facebook on twitter on Google+ on soundcloud
phone: 202 630 8439
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...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Native leaders in Alaska endorse Hillary Clinton in historic move (10/20)
Native Sun News Today: Oglala veteran shot and killed by police (10/20)
Lakota Country Times: Founders of annual Spiritual Run honored (10/20)
Ivan Star Comes Out: Education system diminishes our people (10/20)
Brandon Ecoffey: It's business as usual for South Dakota's GOP (10/20)
Mary Annette Pember: First baby born at water protector camp (10/20)
Duane Yazzie: Spirituality prevails as #NoDAPL fight continues (10/20)
Standing Rock Sioux Tribe opens reservation to #NoDAPL camp (10/20)
Agua Caliente Band back in federal court to defend water rights (10/20)
Saginaw Chippewa Tribe removes members amid per cap woes (10/20)
Ho-Chunk Nation moves forward with $33M expansion at casino (10/20)
Cowlitz Tribe announces more executives for fast-rising casino (10/20)
Wilton Rancheria continues to make progress on casino project (10/20)
Agency shifts course as ancient remains slated for repatriation (10/19)
Navajo Nation opposes bill that reduces share of trust revenues (10/19)
Doug George-Kanentiio: A voice for residential school survivors (10/19)
Native Sun News Today: LNI hosts girls volleyball tournament (10/19)
Lakota Country Times: Oglala Sioux Tribe voters send message (10/19)
Editorial: Republicans in South Dakota embrace Monster Trump (10/19)
Vi Waln: Water protector camps overflow with spiritual energy (10/19)
Mary Annette Pember: Teaching a new generation of protectors (10/19)
Harold Monteau: Don't shoot messenger for tribal sovereignty (10/19)
Bureau of Indian Affairs looks into 'sacred' items kept in boxes (10/19)
Ute Tribe goes to war against 'modern day Indian land grab' bill (10/19)
White House task force to address treaty issues in Washington (10/19)
Pojoaque Pueblo showcases historic pottery at cultural center (10/19)
Ho-Chunk Nation faces opposition to casino expansion project (10/19)
Residents worried about potential Class II facility on allotment (10/19)
Swinomish Tribe starts work on $20M casino expansion project (10/19)
Cherokee Nation contributed $6M to failed Arkansas casino bid (10/19)
Tribes seek greater protections for sacred and cultural property (10/18)
Democracy Now: Standing Rock Sioux chair was strip-searched (10/18)
Arne Vainio: Honoring unsung heroes in our throwaway society (10/18)
Delphine Red Shirt: Women face dangers in this world every day (10/18)
Mark Trahant: Native women can help pull off November surprise (10/18)
Bureau of Indian Affairs questions Nooksack Tribe's government (10/18)
Morongo Band attracts more business to key part of reservation (10/18)
Native Sun News Today: Northern Cheyenne incumbents ousted (10/18)
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.