Title VI Federal Guarantees for Financing Tribal Housing Activities
Program Funding
Annual program obligations reported to SAM.gov.
Funded Projects
Examples of what this program has supported.
Program Objective
To provide access to sources of private financing to Indian Housing Block Grant recipients that want to finance additional grant-eligible affordable housing and related community development projects.
Eligibility
Eligible Applicants
- Federally Recognized Tribal Government
- Tribally Designated Housing Authority
The applicant must be a federally recognized Indian tribe or Tribally Designated Housing Entity (TDHE) that is either a beneficiary or recipient of IHBG funds.
Beneficiaries
- Federally Recognized Tribal Government
- Tribally Designated Housing Authority
Indian tribes and their members are the beneficiaries. A TDHE acts on behalf of an Indian tribe, as authorized by Tribal and TDHE resolutions.
How to Apply
Award Procedure
HUD issues a Letter of Firm Commitment to the lender when HUD approves the Title VI application, and the mortgage meets the Title VI Program underwriting criteria. The lender then closes the loan and submits the closing package to HUD for review. Following a successful review, HUD issues a Certificate of Loan Guarantee to the lender.
Decision Timeline
- Approval: From 15 to 30 days
- Appeal: From 15 to 30 days
The Title VI regulation at 24 CFR 1000.430(a) states that HUD will make every effort to approve an application within 30 days of the receipt of a completed application, and if HUD is unable to do so, will notify the lender (the applicant via the lender) within the 30-day time frame of the need for additional time to process the application and/or if additional information is required.
Program details & compliance
Description
The Title VI Loan Guarantee program allows recipients of Indian Housing Block Grant Funds to use current and future fund allocations as a means of leverage to obtain HUD guaranteed financing. As a borrower, tribes, Alaska Native Villages or TDHEs (with tribe approval) will collaborate with an approved lender to prepare and submit required documents for HUD review.
Mission Categories
Primary: American Indian or Alaskan Native Housing
Other categories:
American Indian or Alaskan Native ReservationConstruction Rehabilitation
Use of Funds
Allowed Uses
Limited to the eligible affordable housing activities listed in Section 202 of NAHASDA to include Indian Housing Assistance, Development, Housing Services, Housing Management Services, Crime Prevention and Safety Activities, and Model Activities approved by the Secretary.
Required Documentation
The applicant must provide the lender the documentation detailed in the "Title VI Application Process," including the certifications required under 24 CFR Section 1000.424(d) that the applicant possesses the legal authority to pledge, and if approved, the applicant will make the pledge of IHBG funds required by section 602(a)(2) of NAHASDA. 2 CFR 200, Subpart E - Cost Principles applies to this program.
2 CFR 200, Subpart E - Cost Principles applies to this program.
Matching Requirements
Borrowers may be required to pledge security in addition to IHBG funds to secure the remaining five percent of the loan balance that is not secured by the 95 percent Federal loan guarantee.
Reporting & Compliance
Applicable 2 CFR 200 Subparts
- Subpart E — Cost Principles
- Subpart F — Audit Requirements