Home Building Opportunity (HBO)
BUILD YOUR DREAM HOME
Building your dream home can be one of the most exciting and rewarding projects you can undertake. Getting the opportunity to plan out each step of the process and make the decisions about your building project is a big responsibility. If you are in the market to build a home and looking for land, you may want to consider the Home Building Opportunity (HBO). The HBO is a means for enrolled members of the Oneida Nation of Wisconsin, to obtain a Residential Land Lease for a vacant residential lot.
A good place to start the research for your home building project is to find out how much financing you will be able to obtain. A pre-qualification letter from a financial institution is required at the time of application submission.
The lots listed below are currently available for application.
*PLEASE NOTE: ALL APPLICANTS MUST BE ELIGIBLE FOR INDIAN HEALTH SERVICES ASSISTANCE FOR WATER AND SEWER CONNECTION. CONTACT ONEIDA WELLS AND SEPTIC AT 869-1600 TO DETERMINE ELIGIBILITY.
|Lot #||Address/Location||Advertising Status||Land Status||Approx. Lot Size|
|2||Beechtree Lane, Oneida, WI||Complete||Trust||.41 acres|
|3||Beechtree Lane, Oneida, WI||Complete||Trust||.36 acres|
|4||Beechtree Lane, Oneida, WI||Complete||Trust||.34 acres|
|6||Beechtree Lane, Oneida, WI||Complete||Trust||.37 acres|
|7||Beechtree Lane, Oneida, WI||Complete||Trust||.37 acres|
|1||Beechtree Lane, Oneida, WI||Complete||Trust||.70 acres|
HBO Lots Available here
Applications packets can be obtained at the Comprehensive Housing Division office.
Applications will be accepted Monday through Friday, 8:00am – 4:30pm.
For additional information please schedule an appointment with Amanda Thayer about the program.
Homeownership Independent Purchase (HIP) Program
The Homeownership by Independent Purchase (HIP) Program helps to increase Oneida enrolled members homeownership; increase the land base available for the fee-to-trust process, while simultaneously affording you a greater independence in the purchase process by requiring the buyer to negotiate the purchase offer independent of the Nation.
In order to initiate the HIP process, the buyer shall request a certificate of pre-qualification from Bay Bank which will provide the maximum amount of financing that Bay Bank is willing to offer towards a home purchase.
In order to be eligible to participate, the buyer may not be a party to an existing residential lease.
For the property to be eligible for an offer to purchase it:
- Must be fee land located within Reservation boundaries
- Must be single family dwelling located on the property; vacant properties are not eligible for this program.
- Must be free of any and all environmental concerns to the satisfaction of the Environmental Health & Safety and Land Division;
- Must be free of any and all title defects to the satisfaction of the Oneida Law Office;
- May not require mortgage loan for the improvements in excess of $250,000; and
- May not have a tax assessed value of greater than $75,000 for the land;
- May not have restrictive covenants which would prevent the Nation from having the land put into trust status. Subdivisions which may have such restrictive covenants include, but are not limited to: Thornberry Creek subdivisions, Tailwinds, Centennial Centre, and Polo Point.
Contact Mary Jo Nash, Acquisition Manager
Phone: (920) 869-6612
Email: [email protected]
Laws and Rules:
Residential Property for Purchase
For each home sold, the Comprehensive Housing Division will conduct showings over the course of one (1) week with a minimum of two (2) public showings where one (1) showing is required to be conducted during business hours and one (1) showing is required to be conducted after business hours.
Prequalification Required. All interested buyers shall provide proof of prequalification for the homes listed price in order to be eligible to submit an offer to purchase.
Setting the Offer Period. When the Comprehensive Housing Division offers a home for sale, it will set an offer period of one (1) business day during which offers to purchase may be submitted at the Bay Bank drop box. The Comprehensive Housing Division may extend the offer period by providing notice of the extension both on the Nation’s website, Bay Bank and the Comprehensive Housing Division. The Comprehensive Housing Division shall disqualify offers to purchase received outside of the offer period.
Making an Offer to Purchase. Tribal members wishing to make an offer to purchase on a home for sale may do so by submitting an offer to purchase at the Bay Bank drop box, in person, using the offer to purchase form available on the Nation’s website and at the Comprehensive Housing Division. Offers to purchase that are not submitted using the Nation’s form will not be accepted by the Comprehensive Housing Division.
- An offer to purchase for less than the listing price will not be considered.
- Any offers to purchase that do not include at least one (1) Tribal member will not be considered.
- Prior to accepting an offer to purchase for the drop box, Bay Bank staff shall date and time stamp all offers to purchase upon receipt. In the event that multiple parties arrive at the same time to submit an offer to purchase (i.e. if parties are waiting to submit prior to business hours), Bay Bank staff shall determine the order of receipt through a lottery system in which each party receives a number by chance. Bay Bank staff shall number the offers having the same date and time stamps by from lowest drawn number to highest drawn number.
- There is no limit as to how many offers to purchase a Tribal member may submit within an offer period.
If you have questions about the property please contact our loan officers.
Loan Application Packet
Hearth Act of 2012
The Helping Expedite and Advance Responsible Tribal Home Ownership Act of 2012 (the HEARTH Act) creates a voluntary, alternative land leasing process available to tribes by amending the Indian Long-Term Leasing Act of 1955, 25 U.S.C. Sec. 415. Under the Act, once their governing tribal leasing regulations have been submitted to, and approved by, the Secretary of the Interior, tribes are authorized to negotiate and enter into leases without further approvals by the Secretary. Specifically, the Act authorizes tribes to execute agricultural and business leases of tribal trust lands for a primary term of 25 years and up to two renewal terms of 25 years each. Leases of tribal trust lands for residential, recreational, religious or educational purposes may be executed for a primary term of up to 75 years. In support of tribal self-determination, the Act requires the Secretary to approve tribal leasing regulations if the regulations are consistent with the Department of the Interior’s leasing regulations at 25 CFR Part 162 and they provide for an environmental review process that meets requirements set forth in the Act.