Wednesday, May 20, 2009

Congressman Martin Heinrich Induces Bill to Help Achieve the Dream of Homeownership for Native Americans

Congressman Martin Heinrich today induced a bill which will cut through the red tape that most Native American families run into when trying to purchase a home on tribal land. At present it can take up to between six months and two years for approval and paperwork from the Bureau of Indian Affairs. A family can only lease the tribal land to build a house on but few banks can hold off for two years in order to approve a mortgage. Now more Native Americans will be encouraged to own a home on their native lands.

Quote from Congressman Martin Heinrich

“We can put the dream of owning a home on tribal land within reach of Native families,” said Rep. Heinrich. “This bill would cut through bureaucratic red tape and open doors to homeownership for Native American families in New Mexico and across the country.”