This bill directs the U.S. Department of Agriculture to reserve five percent of its rural housing funding each year specifically for Indian Tribes, Native Hawaiians, and entities owned or controlled by these groups. The set-aside applies to eight different USDA housing assistance programs that provide loans and grants for rural home purchases, repairs, and community development. The reserved funds would support tribal housing entities, community development financial institutions serving Native communities, and tribal-owned organizations that meet eligibility requirements. If reserved funds are not used within a timeframe set by the USDA Secretary, the money would be released for general use across all eligible rural housing applicants. The bill aims to improve housing access in tribal and rural Native communities by guaranteeing dedicated federal resources for these populations.
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