Native Community Development Financial Institution Relending Demonstration Program
This funding record is inactive. Please see the program website or contact the program
determine if this program is currently accepting applications or will open again in the future.
Assistance Listing: 10.410
U.S. Department of Agriculture, USDA Rural Development, USDA Rural Housing Service
This demonstration program will provide loans for Native
Community Development Financial Institutions (CDFIs) to use for
relending to increase homeownership opportunities for
Native American tribes, Alaska Native communities, and
Native Hawaiian communities in rural areas
Funding must be used to provide direct loans to
recipients to buy, build, rehabilitate, improve, or
relocate a primary residence on eligible land. The
borrower must use the dwelling as their permanent
Eligible participants are entities certified as Native
Community Development Financial Institutions by the U.S.
- Tribal lands
- Land as defined in the Alaska Native Claims
- Hawaiian Homelands as defined in the Native American
Housing Assistance and Self-Determination Act of 1996
- Areas designated by the Assistant Secretary, Indian
Affairs for the U.S. Department of the Interior as being
near, or next to, reservations where financial assistance
and social service programs are provided to Native
Amount of funding
- The minimum loan request for the participating Native
CDFI is $800,000.
- The participating Native CDFI must provide a 20%
matching funds contribution.
- Individual loans have terms of 33 years at 1% fixed
- USDA Rural Development will defer principal and
interest payments for the first 3 years of the loan.
- Relending Demonstration loan funds must be provided
to individual loan recipients within 3 years of the loan
American Indian or Alaska Native · Community and economic development · Housing and homelessness · Native Hawaiian or Pacific Islander
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application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.