Native American Bank Supports Oglala Sioux Lakota Housing Project
Native American Bank / 2014
In July 2014, Paul Iron Cloud, Executive Director of Oglala Sioux Lakota Housing Project (OSLH) and other tribal officials worked with Clay Colombe, Senior Vice President and Chief Lending Officer at Native American Bank and First National Bank of Gordon, to secure a $6 million Title VI HUD Guarantee Loan. The project is to build 45 new rental homes to be located in each of the nine districts on the Pine Ridge Reservation. "The Oglala Sioux Tribe has asked us to find the resources to build new houses on the Pine Ridge Reservation, houses that will help deal with the incredible housing shortage we have," said Iron Cloud, "this is a historic step that we are undertaking and this is the first HUD Title VI Guaranteed loan completed in South Dakota."
The project has the first set of homes built by the end of December of 2014. "This is wonderful, it was a huge undertaking for the housing authority," said Pinky Iron Plume Clifford, past Board Chair and current Board Member of OSLH,"we couldn't have done this without a lot of help from a variety of agencies and the hard work of our staff. Special thanks to U.S. Department of Housing and Urban Development, Bureau of Indian Affairs, and our banking partners; the First National Bank and the Native American Bank, this represents a great opportunity for all of us and it opens an array of additional opportunities down the road."