Native American Economic Development and Infrastructure for Housing Act of 2007

H.R. 3002, the Native American Economic Development and Infrastructure for Housing Act of 2007, would allow the Department of Housing and Urban Development (HUD) to guarantee loans for Indian tribes to fund community and economic development projects. To ensure the program helps those most in need, at least 70% of the funds must be used for activities that benefit low-income Native American families. By providing federal backing for these obligations, the bill aims to make it easier for tribal governments to secure financing for essential infrastructure and local business improvements.