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About Spilyay tymoo. (Warm Springs, Or.) 1976-current | View Entire Issue (Jan. 14, 1982)
Spilyay Tymoo Paee 8 January 14,1982 Housing and Credit referendum items V ote F e b ru a ry 25 8:00 a. m. —8:00 p. m. at the Community Center Starter home at Greeley Heights Questions about the Credit Dept. funds Answer: The authority to liquidate defaulted loans is contained in the Tribal Credit Answer: No, but the funds that Code. The Credit Department we have (from the 1978 will first exhaust every effort to referen d u m ) have b een work with the borrower in an committed to a variety of effort to avoid liquidation of projects, primarily homes and pleoged assets. some business loans. Question: Does the Credit Office have many delinquent or Question: How can the Credit past due loans? Department continue to make Answer: Presently w© have small loans if all funds are about $390,000 in past due loan committed. payments that represents just under 4% of the total amount Answer: Each month the of loans outstanding. Department collects about $200,000 in loan payments. Question: Why don’t people Much of these monies are keep their payments up to date? returned to the credit account Answer: There are many to be relent to customers. reasons; some people are out of Question: Where have the work, others over obligate credit funds gone or how has themselves. A few people are difficult to work with, but for the money been used? the most part our customers are Answer: We have made 279 h o n e s t a n d p a y t h e ir loans to Tribal members for the obligations well. purpose of buying homes. P resen tly we have over Question: How do I find out $5,300,000 id various home about building a home? loans. We have over $ 1,360,000 Answer: Contact the Credit outstanding in 57 loans for Manager in the Credit Office to b u s i n e s s a n d f a r m in g discuss the details if financing is going to be. needed. enterprises. In auto, personal and all other loans we have over Q uestion: H ow w ill the $3,150,000. We have about additional funds be used by Credit? 1550 loans on our books and more than $9,890,000 in loan Answer: The monies will be dollars outstanding. If you add used in all areas of credit, auto, in the total committed funds on business, personal oi housing projects in process our total to qualified borrowers. loans outstanding will exceed Question: What happens to $10,250,000. the interest income that is Question: Can any Tribal collected on loans? member get a loan to buy a Answer: The Credit .office pays home? all of its salaries and expenses Answer. Home loans are a long from the interest earnings, the term situation and a person amount of money left after fin an cin g a home 'must be expenses goes back into the settled with adequate income credit account to be loaned out from steady employment to be to our customers. able to pay for and maintain the home. Not all people that Question: How much money apply are approved because goes back to the loan account som e do n o t m eet the to be reloaned to Tribal qualifications. We do try to members? assist as many people as Answer: About $250,000 a year possible in this area. goes back into the loan funds Question: Can the Tribe accounts, not including more foreclose on my mortgage and than $2,000,000 in refinanced repossess my home if I don’t loans. make the payments? Q uestion: Is the Department Broke? Questions about the proposed revolving housing and subdivision construction fund— Question: What is the purpose o f a $2,000,000 revolving housing and subdivision fund? Answer: The revolving fund would create an on-going program to allow money from the sales of tribally built homes to be re-used for new home construction. Also, the fund would be used to develop subdivision homesites when federal funds are not available Question: Who could use such a fund? Answer: T ribal m em bers interested in lower cost tribally constructed homes in rural or community areas could use the fund. The cost for each home would be less because more than one home would be built at a time, such as in Greeley Heights Question: Could the money be used fo r m o b ile h om es purchases?.- ' Answer: No, individual loans for mobile home purchases (and individual built homes) would still be financed through th e C red it D e p a r tm e n t. However, starter-homes could be built through the revolving fund—which would cost about the same as mobile homes. from fire. Mobile homes are still the answer for some people. Question: Why is money needed for development of homesites? Answer: The money is needed to provide sites for tribally built homes and individually built homes. Any money available from BIA of IHS would be used to offset tribal funds. Question: Where would the fir s t 20 h o m e s it e s be developed? Answer: The proposed location of the 20 homesites would be near Wolf Point, east of Eagle Butte and Simnasho— Kah- Nee-Ta Highway (near Delbert Frank and Mabie E yle’s homes and Beula Switzler’s hom es, east o f the old McKinley ranch). Question: How large would the homesites be? Answer: Each homesite would be 2 acres or larger in size. The sites would be served by the new Water Supply System from the Deschutes River treatment plant. Question: Why not build the subdivision at Dry Creek or the Agency? Question: Why build a starter- A nsw er: R u ra l h o u sin g home when mobile homes are expansion in the Dry Creek so much faster to move into? area cannot be developed until Answer: The starter-home is k study is completed on sewage aim ed at younger tribal disposal needs for that area. A m em bers w ho w ant the few homesites are already flexibility to expand the size of available in the Greeley their home in the future. Also, Heights subdivision, which can starter-homes are more easijy be expanded after the Agency’s renovated and are usually safer sewage treatment system is improved. Also homesites are now available in the Simnasho subdivision. Question: How many people on the Housing waiting list would be interested in one of the homesites? A n s w e r : M o s t o f th e approximately 170 people on the waiting list would probably be interested in a homesite. However, many of thèse people are unemployed and need subsidized housing or low cost rentals. A certain number of people who are now in rental housing would qualify for a starter-home or similar cost housing. Question: Who would oversee the revolving fund? Answer: The Community Services Manager would be responsible for use of the fund, although no money would be exp en d ed w ith o u t T ribal Council approval. Question: What is planned for* 1982? Answer. Proposed lor 1982 are 10 starter-homes and 20 rural homesites. Q u e stio n : W ill a n o th er referendum be needed to replenish the revolving fund? Answer. Another referendum will eventually be needed, depending on how much m o n e y is n e e d e d f o r su b d iv isio n d ev elo p m en t. Also, because of inflation and the increasing cost of home construction, fewer and fewer homes could be built over the years. Credit
