MoWa Choctaw Housing Authority

George Plumley

MOWA Choctaw Housing Authority receives grant from The Community Foundation of South Alabama

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The MOWA Choctaw Housing Authority is pleased to announce it has received a $20,000 grant from the Community Foundation of South Alabama.

The grant will address the immediate needs of our low-income housing tenants and provide utility assistance for those tenants living in low-income rental and homeownership housing. Our current tenants’ living standards are well below 80% area median income, and they have been severely affected by COVID-19. This grant will provide other assistance such as food and pay essential bills that have gone lacking during this pandemic.

This grant will provide an ease of financial hardship to our tenants in providing a one-time payment to those tenants who currently qualify under the HUD guidelines. The. MOWA Choctaw Housing Authority would like to express our sincere gratitude for the assistance provided by the Community Foundation of South Alabama.

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What is the Section 184 Loan Guarantee Program?

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The Section 184 Indian Home Loan Guarantee Program is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.

Because of the unique status of Indian lands being held in Trust, Native American homeownership has historically been an underserved market. Working with an expanding network of private sector and tribal partners, the Section 184 Program endeavors to increase access to capital for Native Americans and provide private funding opportunities for tribal housing agencies with the Section 184 Program.

To help increase Native access to financing, the Office of Loan Guarantee within HUD’s Office of Native American Programs, guarantees the Section 184 home mortgage loans made to Native Borrowers. By guaranteeing these loans 100%, we encourage Lenders to serve the Native Communities. This increases the marketability and value of the Native assets and strengthens the financial standing of Native Communities.

For more information about the 184 program please visit the HUD website or contact Bryan Chandler, United Bank, Atmore, Alabama at 251-446-6000.