January Classes

Mazaska will be offering two different classes in January: Credit When Credit is Due and Homebuyer Education. See the calender below for dates and times.

January 2014 Calendar

You can download a copy of this calander by clicking here: January Classes

Mitzi Youngman Becomes 28th Homeowner through Mazaska’s Home Lending Program

October 31, 2012

This week Mitzi Youngman (Oglala Sioux) obtained a loan from Mazaska Owecaso Otipi Financial (Mazaska), a nonprofit organization that specializes in housing lending on the Pine Ridge Reservation, to purchase a new modular home in Oglala, South Dakota. This will be the first time in two years that Youngman, a single mother of a 21-year-old college student and a 19-year-old special needs child, will have a home to call her own.
Youngman is the 28th new homeowner to originate from Mazaska’s home lending program. “While this is just a very small dent in the overall housing crisis on the Pine Ridge Reservation, it is a dramatic change for the families we serve,” states Colleen Steele, Executive Director of Mazaska. Approximately 69% of households on the reservation are considered overcrowded, a condition that causes a variety of physical, mental, and emotional difficulties.
Read the full story.

Mazaska to Provide Financing for 42 Homeowners Over Next Three Years

October 15, 2012

Mazaska Owecaso Otipi Financial (Mazaska), a nonprofit organization that specializes in housing lending on the Pine Ridge Indian Reservation, was recently awarded a $750,000 grant from the U.S. Department of Treasury’s Community Development Financial Institution (CDFI) Fund. The grant will replenish Mazaska’s loan fund, enabling them to deploy a combination of new mortgages, rehabilitation loans, energy efficiency loans, and credit
builder loans.
This grant supports Mazaska’s lending goal to disburse a total of $1.175 million in loans to 42 borrowers over the next three years. “There are few places with a greater need for housing than the Pine Ridge Reservation, and Mazaska is humbled to be assisting the Oglala Lakota Oyate on the path to homeownership,” says Colleen Steele, Executive Director of Mazaska. In 2010 and 2011, Mazaska originated 16 home loans totaling $871,771, an increase of nearly four times from the prior three years that demonstrates a growing demand.
Read the full story.

Mazaska to Use $75,000 Grant from Catholic Campaign for Human Development to Expand Operations

September 20, 2012

Mazaska Owecaso Otipi Financial (Mazaska), the only Native housing community development financial institution (CDFI) on the Pine Ridge Indian Reservation, was recently awarded a $75,000 grant from the Catholic Campaign for Human Development to expand its current suite of products and services to include in-house financial literacy and home buyer education training.
Currently, Mazaska works with various community partners to deliver pre-lending training to its clients. This expansion of services will also include a focus on foreclosure prevention to ensure greater success for Mazaska’s new homeowner clients. “This is a significant milestone in our organization’s development, and we are pleased to continue our work in helping to address the housing crisis on the Pine Ridge Reservation,” states Colleen Steele, Executive Director of Mazaska.
Read the full story.

Mazaska Reaches $1 Million Mark 

March 8, 2011

Mazaska Owecaso Otipi Financial (Mazaska), the only housing loan fund on the Pine Ridge Indian Reservation, recently celebrated reaching the $1million mark in making housing loans to tribal members. “We are excited about making $1 million in loans, but this is only the beginning,” stated Colleen Steele, Mazaska’s executive director.
“We will continue to raise capital to make loans to qualified borrowers. As we know, housing conditions on Pine Ridge are critical, with many families living in overcrowded conditions and thousands of families in need of a new home.
Our loans enable families to purchase a new home, or make certain repairs to their existing homes.”
Read the full story.