Tribal Homeownership Guide Released

A new resource guide for Native American tribal leaders, "Designing and Operating Homeownership Programs on Tribal Land," has been released by The Enterprise Foundation.The foundation said the guide was prepared by The New Mexico Tribal Homeownership Coalition with support from the foundation, the New Mexico Mortgage Finance Authority, the Department of Housing and Urban Development, and Teresa Leger de Fernandez of the Nordhaus law firm. "Fewer than 2,000 mortgages have been closed on tribal lands nationwide because less than one-fourth of all tribes have legal systems that permit government or conventional mortgages," the foundation said. "Meanwhile, there is an immediate need for at least 200,000 decent affordable homes on tribal lands." The foundation can be found online at http://www.enterprisefoundation.org.