Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Hard-Won Victories in Indian Housing

 


A traveler in Indian country 20 years ago would have been hard-pressed to see any evidence of private mortgage lending on reservation trust land. That’s because there wasn’t any.

The Federal Government Accountability Office did a survey of most of the country’s reservations between 1992 and 1996 and could find only 91 mortgages made on all those homelands during those five years. And those mortgages came from just two reservations: the Tulalip in Washington and the Oneida of Wisconsin, which had relationships with local banks. All the rest lived in a mortgage desert.

Read more at http://indiancountrytodaymedianetwork.com/2016/01/16/hard-won-victories-indian-housing-163080

 

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