Native American Direct Loan Improvement Act of 2023

This bill improves housing loan access for Native American veterans living on trust land by establishing clearer requirements and expanding support services. It requires that veterans maintain meaningful ownership interests in trust land properties and creates a new relending program through Native community development financial institutions that must be at least 51% owned by Native Americans. The bill expands outreach efforts through partnerships with tribal organizations and Native housing entities to help veterans navigate mortgage processes. It also sets specific funding levels for the relending program, starting with $5 million in fiscal year 2024. These changes aim to make housing finance more accessible for Native American veterans while establishing clearer oversight and foreclosure procedures.