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

Buy-Back Program Sends Offers to Landowners with Fractional Interests at the Omaha Reservation

Interested sellers have until October 28 to respond to offers

 

October 11, 2021



WASHINGTON – The Department of the Interior announced today that nearly 1,800 landowners with fractional interests at the Omaha Reservation in Nebraska have been sent more than $26.5 million in purchase offers from the Land Buy-Back Program for Tribal Nations. Landowners who received offers have until October 28, 2021, to consider and return accepted offers in the pre-paid postage envelopes provided.

The Buy-Back Program implements the land consolidation component of the Cobell Settlement, which provided $1.9 billion to consolidate fractional interests in trust or restricted land within a 10-year period set to expire in November 2022. As of September 15, 2021, approximately $101 million remains. To-date, the Program has consolidated nearly 4,100 fractional interests and more than 2,200 equivalent acres at the Omaha Reservation and seeks to build on this prior success.

“The Buy-Back Program is working hard to build on the achievements of the initial implementation at the Omaha Reservation. It is a unique opportunity for landowners to consider fair market value offers for their fractional land interests. Acceptance of the voluntary purchase offers will help preserve the land for generations to come,” said Assistant Secretary – Indian Affairs Bryan Newland.

Interests consolidated through the Program are restored to Tribal trust ownership. Program purchases unify reservation lands for Tribal benefit and use, such as economic development, infrastructure, housing, cultural preservation and rights-of-way.

Various informational tools are available to landowners, who are encouraged to think strategically about their options and carefully consider how to use the funds they receive from selling their land. For example, the Program’s website includes:

• detailed frequently asked questions, available at https://www.doi.gov/buybackprogram/faq, and

• additional information to help individuals make informed decisions about their land, available at https://www.doi.gov/buybackprogram/informeddecisionmaking.

Landowners can contact the Trust Beneficiary Call Center at 888-678-6836 or TBCCmail@btfa.gov with questions about their land and/or purchase offers, or to request a copy of an appraisal report for any appraised tract in which they have an owner interest. Landowners can also contact their local Bureau of Trust Funds Administration office with additional questions.

 

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