CBC Mortgage Agency, a tribally owned housing finance agency, has launched an initiative to increase homeownership among Native Americans living off of reservations.
South Jordan, Utah-based CBCMA is a wholly owned subsidiary of Cedar Band Corporation, a federally-chartered tribal corporation founded and wholly owned by the Cedar Band of Paiute Indians. The agency offers down payment assistance to creditworthy low- and moderate-income people in most states nationwide through its Chenoa Fund.
Now, CBCMA has teamed up with the National Urban Indian Family Coalition (NUIFC), an advocacy group for American Indian families living in urban areas, to roll out the Kani Urban Indian Housing Initiative to boost homeownership within the urban Indian community, according to a press release. In the traditional language of the Cedar Band of Paiutes, the word “Kani” means “home” or “house,” the release said.
CBC Mortgage Agency Launches Initiative To Increase Homeownership Within Urban Indian Community
CBC Mortgage Agency Launches Initiative To Increase Homeownership Within Urban Indian Community
CEDAR CITY, Utah, Jan. 12, 2021 /PRNewswire/ CBC Mortgage Agency (CBCMA), a tribally owned nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, has launched the
Kani Urban Indian Housing Initiative to increase homeownership within the urban Indian community. The word “Kani” is a word used by the Cedar Band of Paiutes for home or house from the band s traditional language. The National Urban Indian Family Coalition (NUIFC), an advocacy group for American Indian families living in urban areas, has partnered with CBCMA on the initiative to address the housing needs of Native Americans living in urban areas.