Indian Housing Act of 1988
Indian Housing Act of 1988 - Amends the United States Housing Act of 1937 to establish a separate assisted housing program for Indians and Alaska Natives.
Directs the Secretary of Housing and Urban Development to carry out a mutual help homeownership opportunity program for Indians and Alaska Natives. Authorizes the Secretary to provide financial assistance to Indian housing authorities (IHA) for such purpose.
Requires a participating family to enter into a mutual help and occupancy agreement with the IHA which shall provide for: (1) a family contribution of land, labor, cash, or materials of at least $1,500 (which may be made by the tribe on behalf of the family); (2) monthly payments based either on adjusted income or certain operating expenses; (3) maintenance of the dwelling and utilities; and (4) homeownership opportunities.
Directs the Secretary to consider public housing prototype costs in determining maximum IHA contributions.
Authorizes the Secretary, to the extent provided in appropriation Acts, to provide advances to related facilities and services. Requires reimbursement agreements to be made with the appropriate entities before advances may be made.
Defines "Indian" to mean any person recognized as being an Indian or Alaska Native by an Indian tribe, the Federal Government, or any State.
Became Public Law No: 100-358.