Indian Tribes and Tribal Corporation Loans
To enable federally recognized Indian tribes and tribal corporations to acquire land within tribal reservations and Alaskan communities.
General information about this opportunity
Last Known Status
Farm Service Agency, Department of Agriculture
Type(s) of Assistance Offered
E - Direct Loans
Farm and Rural Development Act. Agriculture Act of 1961, Title III, Public Law 87-128
Who is eligible to apply/benefit from this assistance?
Limited to any Indian tribe recognized by the Secretary of the Interior or tribal corporation established pursuant to the Indian Reorganization Act or community in Alaska incorporated by the Secretary of Interior pursuant to the Indian Reorganization Act which does not have adequate uncommitted funds to acquire lands within the tribe's reservation or in a community in Alaska. The tribe must be unable to obtain sufficient credit elsewhere at reasonable rates and terms and must be able to show reasonable prospects of repaying the loan as determined by an acceptable repayment plan and a satisfactory management plan for the land being acquired.
American Indian Tribe or tribal corporation recognized by the Secretary of the Interior, or a community in Alaska incorporated by the Secretary of the Interior.
Credentials provided by the Secretary of the Interior. Feasibility documentation must be supplied by the applicant. This program is excluded from coverage under OMB Circular No. A-87.
What is the process for applying and being award this assistance?
Preapplication coordination is required. No additional information has been provided
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Application Form FSA 770-2620 will be submitted to the State FSA offices. This program is subject to the provisions of OMB Circular No. A-110.
After an application has been recommended by Agency loan specialist, the State Executive Director has final approval authority on loans up to $500,000. Loans in excess of that amount require the National office approval. Following approval, payment authorization is forwarded to the National Finance Office which issues the check.
Approval/Disapproval Decision Time
From 30 to 90 days.
From 30 to 60 days. If an application is rejected, the reasons for rejection are fully stated and appropriate appeal rights given. The applicant may reapply at any time that the reasons for rejection are corrected. If not satisfied with the State Executive Director's action, the applicant is given an opportunity to appeal the decision to the National Appeals Division decision making process. The applicant may in the final step of the appeals process, ask for a review of the decision by the Director of the National Appeals Division, Washington, DC.
How are proposals selected?
How may assistance be used?
Loan funds may be used to acquire land and interest therein for the benefit and use of the tribe or its members for purposes such as rounding out farming and ranching units or elimination of fractional heir ships. Funds may also be used for incidental costs connected with land purchase such as appraisals, title clearance, legal services, land surveys, and loan closing. Loan funds may be used to refinance non-United States Department of Agriculture preexisting debts that applicant incurred to purchase land subject to certain conditions. Loan funds cannot be used for any improvement or development purposes, acquisition or repair of buildings or personal property, payment of operating costs, payment of finder's fees, or similar costs.
What are the requirements after being awarded this opportunity?
Records and accounts are required to reflect the operations of the project.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.
Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Loans may be scheduled over a period not to exceed 40 years. Method of awarding/releasing assistance: Lump.
Who do I contact about this opportunity?
Regional or Local Office
Consult the appropriate FSA State office where the property is located. For a list of FSA State offices with telephone numbers and addresses, information is available on the internet, visit FSA website at www.fsa.usda.gov to locate nearest office.
1400 Independence Ave SW
Washington, DC 20250 US
(Direct Loans) FY 18$0.00; FY 19 est $20,000,000.00; FY 20 est $20,000,000.00; FY 17$0.00; FY 15$0.00; FY 16 est $2,000,000.00; - The agency estimates 20 loans being made in FY 2019 for total obligations of $20,000,000.
Range and Average of Financial Assistance
No Current Data Available.
Regulations, Guidelines and Literature
Examples of Funded Projects