Heirs’ Property Relending Program Announces First Three Lenders
USDA announced that Akiptan, Inc., the Cherokee Nation Economic Development Trust Authority (CNEDTA), and the Shared Capital Cooperative have been approved or conditionally approved as intermediary lenders through the Heirs’ Property Relending Program (HPRP). Once HPRP loans with these lenders close, these lenders will help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Currently, more than $100 million of HPRP funding is available for these competitive loans. Heirs’ property issues have long been a barrier for many producers and landowners to access USDA programs and services, and this relending program provides access to capital to help heirs find a resolution.