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Article: PMI Mortgage Insurance Co. and Partners Turn Promises into Homes on Pine Ridge Reservation.
- Article from:
- Business Wire
- Article date:
- September 2, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Real Estate Writers
KYLE, S.D.--(BUSINESS WIRE)--Sept. 2, 2003
PMI Mortgage Insurance Co., along with Fannie Mae and First Mortgage Company, announced the launch of Gateway Initiative specifically for use by the Oglala Sioux Tribe, during a wall-raising ceremony on the Oglala Sioux Tribe Partnership for Housing construction yard.
The Gateway Initiative will provide a revolving fund in the amount of $175,000 that the Oglala Sioux will draw upon to build new homes or purchase and rehabilitate existing homes on the Pine Ridge Reservation. As each housing unit is completed, the fund will be reimbursed from the proceeds of sale ...