Ross Hill: Bank2 Lending Sets Precedent for all of Indian Country

Cherokee Nation News
Friday, May 23, 2014

New lending from Bank2 has allowed the Housing Authority of the Cherokee Nation to finance an ambitious affordable housing project. The project makes use of HUD's Section 184 Indian Home Loan Guarantee Program, which will provide a 100% guarantee on the loans. The Housing Authority of Cherokee Nation has closed on six loans with Bank2 so far, which will replenish the housing authority's revolving construction fund as more homes are built. “We are very excited to be working with the Cherokee Nation on their initiative to build homes for their citizens throughout the tribe’s jurisdiction,” said Ross Alan Hill, Bank2 president and CEO. “We believe this initiative will set a precedent for all of Indian Country.”