Native Community Capital providing principal reduction payments for homeowners

By Rick Abasta
For the Navajo Times

FT. DEFIANCE, Ariz. – Navajo Housing Authority entered into a memorandum of agreement with Native Community Capital to provide principal reduction payments related to mortgage.

The MOU was executed on March 28 during a special NHA Board of Commissioners meeting at the Amerind headquarters in Bernalillo, New Mexico.

According to Ernest Franklin Jr., NHA’s chief operating officer, the initiative is based on income.

The program was originally intended for Navajos residing outside the Navajo Nation boundaries, he said, adding that Native Community Capital was originally targeting urban areas.
In early September 2024, President Buu Nygren announced that the Navajo Nation received a $55 million grant for use as financial assistance for Navajo homeowners through the Homeowner Assistance Fund.

To read the full article, please see the May 15, 2025, edition of the Navajo Times.

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