USDA Provides $8.6 Million Invested in Native American Homeownership

USDA Provides $8.6 Million Invested in Native American Homeownership

3 Jun 2026


News

U.S. Department of Agriculture Rural Development South Dakota State Director Lorraine Polak today announced that Lakota Funds has signed loan closing documents to become the state’s third home loan lender in South Dakota under the Single Family Housing Direct Home Loans program. This $764,000 investment will provide working capital to finance home loans on the Pine Ridge Reservation in southwest South Dakota.

“Affordable housing is so important on our Tribal lands,” said Polak. “And we are excited that Lakota Funds now becomes the third Native Community Development Financial Institution in South Dakota to provide home loans to Native Americans, directly supporting Agriculture Secretary Brooke Rollin’s commitment to expand access to capital and strengthen economic opportunities in Tribal communities.”

Click here to read the original article from the USDA Rural Development.

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