Category — American Indian Law and Policy
Indian Finance Provisions Included in the American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009 (“Recovery Act”) makes available a total of $640 million in formula and competitive grants to tribal governments for housing projects, and provides approximately $11.5 billion in direct and unsubsidized loans to low-income families in rural areas, which includes Indian families.
The Recovery Act presents tremendous opportunities for tribal governments and Indian families, but at the same time, it includes many specific requirements and compliance issues that tribes and Indian families need to understand. In sum, transparency and accountability will be the guideposts for the use of Recovery Act funds. Below is a summary of funding opportunities for housing projects for tribal governments and Indian families under programs administered by the Department of Housing and Urban Development (HUD), the Department of Interior (DOI) and the Department of Agriculture (USDA).
Read the full alert here.
March 12, 2009 Comments Off
Indian Housing Provisions Included in the American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009 (“Recovery Act”) includes a provision that expands a tribal government’s ability to issue tax-exempt bonds and creates a new tax credit bond program relative to the construction of Indian schools. It also includes other provisions relevant to tribes—Build America bonds, clean renewable energy bonds and qualified energy conservation bonds.
Read the full alert here.
March 12, 2009 Comments Off
