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Pequot couple first to receive loan for housing
Wednesday, January 31, 2007
Filed Under: National

A family from the Mashantucket Pequot Tribal Nation of Connecticut signed the first mortgage for a home on the reservation.

Jason and Tammy Shourds are taking part in a new tribal program that assigns land to tribal families. That enables them to use the land as collateral for a home loan.

The Shourds obtained a $417,000 mortgage from a local bank. Any foreclosure proceedings will be handled in tribal court, and the land will stay in tribal hands.

Get the Story:
Couple first to get loan to build on tribal land (The Norwich Bulletin 1/31)
Mashantuckets Blaze Mortgage Trail (The New London Day 1/31)
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Relevant Links:
Office of Public and Indian Housing, HUD - http://www.hud.gov/offices/pih
National American Indian Housing Council - http://naihc.net

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