Economic, historical, social and legal factors have made it challenging for Native Americans to become homeowners. Considering the importance that a home has for a family – including its effect on health, education and economic well-being – making the purchase process easier can be a crucial step toward improving lives.
Freddie Mac’s generous support is helping Enterprise build the capacity of tribal housing organizations, enabling them to mitigate some of the impediments to Native American homeownership and increase the number of prospective homebuyers.
Building Capacity, Increasing Homeownership
At the heart of this work is a new curriculum that builds off the Tribal Leaders Handbook on Homeownership, which was developed by the Center for Indian Country Development of the Federal Reserve Bank of Minneapolis and Enterprise. This effort will provide support to tribal housing organizations, so they can increase community awareness, navigate trust land lease holds, provide homebuyer readiness and financial education, and more.
With new skills and knowledge, tribal organizations will be equipped to help more of their members to become homeowners and overcome historical inequities – such as lack of access to capital and educational opportunities – that Native American communities have faced.