{"id":36439,"date":"2023-09-02T06:42:56","date_gmt":"2023-09-02T11:42:56","guid":{"rendered":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/native-homeownership-coalition-receives-1-7-million-grant\/"},"modified":"2023-09-02T06:43:00","modified_gmt":"2023-09-02T11:43:00","slug":"native-homeownership-coalition-receives-1-7-million-grant","status":"publish","type":"post","link":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/native-homeownership-coalition-receives-1-7-million-grant\/","title":{"rendered":"Native Homeownership Coalition Receives $1.7 Million Grant"},"content":{"rendered":"
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SIOUX FALLS,\u00a0 SD<\/strong> \u2013 During the South Dakota Native Homeownership Coalition\u2019s first-ever Annual Membership Meeting, the Wells Fargo Foundation announced a $1.7 million grant award from its Invest Native initiative to support the Coalition\u2019s continued growth and development, including creating a new housing development subsidiary to support tribal communities in their efforts to increase the number of safe and affordable homes.<\/p>\n

\u201cAs the Bank of Doing, our goal is to work alongside Native communities and continue a dialogue around how we can best support local leaders and their work,\u201d stated Otis Rolley, president of the Wells Fargo Foundation. \u201cThe collaborative approach of the South Dakota Native Homeownership Coalition is highly effective in creating more access to resources and empowering more Native homeowners.\u201d<\/p>\n

This grant is part of Invest Native, a $20 million philanthropic initiative by Wells Fargo to strengthen housing access and affordability, small business growth and sustainability in Native communities across six states.<\/p>\n

\u201cWe are grateful to Wells Fargo for investing in statewide coalitions like ours that bring together partners who develop innovative strategies to help Native families overcome the barriers associated with homeownership in Indian Country,\u201d said Cheryce Not Afraid, Director of the Coalition.<\/p>\n

At today\u2019s meeting, the Coalition also announced its new down payment assistance program designed to increase home affordability for South Dakota\u2019s Native American families and close the state\u2019s racial homeownership gap, which currently lies at 35.7%<\/a>. The program, which was supported by previously awarded funding from Wells Fargo and the Northwest Area Foundation, will infuse $500,000 of down payment funds into South Dakota\u2019s Native communities, resulting in at least 50 new Native homeowners.\u00a0<\/p>\n

Also of significance during the Coalition\u2019s Annual Membership Meeting, U.S. Senator Mike Rounds (R-SD) provided an update on several pieces of federal legislation he is advancing to support increased rates of Native American homeownership, including efforts to reform the U.S. Department of Veterans Affairs Native American Direct Loan, to expand the U.S. Department of Agriculture 502 home loan relending demonstration, and to streamline the Bureau of Indian Affairs mortgage approval process.<\/p>\n

\u201cThe Coalition has achieved some critical milestones today,\u201d said Sharon Vogel, Coalition Chairwoman and Executive Director of the Cheyenne River Housing Authority. \u201cThroughout our ten-year history, we\u2019ve strived to make it easier to achieve homeownership. Since 2016, Coalition members have supported 253 Native families to become homeowners. As we expand our programming and continue to remove federal policy impediments, that number will only get higher.\u201d<\/p>\n

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About the South Dakota Native Homeownership Coalition<\/strong><\/p>\n

The South Dakota Native Homeownership Coalition was born out of a need to expand homeownership opportunities for Native Americans in the state of South Dakota. Created in 2013, the Coalition is a diverse group of agencies, institutions, and organizations that works to increase homeownership opportunities for South Dakota\u2019s Native people to build strong and healthy communities. Its growing group of members includes representatives of South Dakota\u2019s tribes, federal and state agencies, tribally designated housing entities (TDHEs), nonprofit organizations, housing developers, lenders, and community development financial institutions. The South Dakota Native Homeownership Coalition works to increase Native homeownership rates by strategically leveraging knowledge and resources among stakeholders and other key entities. More information about the Coalition can be found at www.sdnativehomeownershipcoalition.org<\/a>.<\/p>\n

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The post Native Homeownership Coalition Receives $1.7 Million Grant<\/a> first appeared on Native Sun News Today<\/a>.<\/p>\n

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SIOUX FALLS,\u00a0 SD \u2013 During the South Dakota Native Homeownership Coalition\u2019s first-ever Annual Membership Meeting, the Wells Fargo Foundation announced a $1.7 million grant award from its Invest Native initiative to support the Coalition\u2019s continued growth and development, including creating a new housing development subsidiary to support tribal communities in <\/p>\n

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Shared by Native Sun News Today<\/a> September 2, 2023<\/p>\n

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