The Kani Initiative (the word means “home” in Paiute; Chenoa means “peace”) is a partnership between CBC and the National Urban Indian Family Coalition. It is led by Tama Tsinnie (Navajo) and Jon Cortez (Navajo). It is primarily an education initiative for urban Natives, both on how to get a mortgage and then how to leverage home equity for generational wealth.

Mortgage banking firms, which originate mortgages and then sell them to “secondary” agencies like the Federal Housing Administration (FHA), Fannie Mae and Freddie Mac, are quite rare in Indian Country. CBC describes itself as “a correspondent aggregator, purchasing loans originated by correspondent lenders then selling them for a gain in the secondary market to fund DPA financing.” 

Read the full article here: https://www.tribalbusinessnews.com/sections/finance/13863-tribal-down-payment-assistance-helps-cash-strapped-minorities-secure-mortgages