NHONews, December 19, 2023, HUD To Modernize Indian Home Loam Program With Rule Update
Direct funding isn’t the only issue. Lender participation in the Section 184 program has been “negligible” and none of the three largest mortgage lenders in the country participate in the Section 184 program according to a new report by the National Community Reinvestment Coalition. Just 2,200 loans each year have been made under the program, the report on financial inaccessibility called “Redlining the Reservation.”
