SOURCE: Intelligent Living Corp.
VANCOUVER, BC--(Marketwire - Aug 23, 2012) - Intelligent Living Corp. ("ILVC"), (OTCBB: ILVC), today commented on the recent signing of the Helping Expedite and Advance Responsible Tribal Homeownership (HEARTH) act into law on July 30, 2012. The HEARTH Act authorizes participating tribes to lease certain tribal lands without having prior approval for each lease from the Secretary of the Interior. The HEARTH Act amends the Indian Long-Term Leasing Act of 1955 which required those wishing to build homes and businesses on tribal lands to submit surface site leasing applications to the Department of the Interior for approval by the Secretary of the Interior, a process which often took years.
Michael Holloran, President and CEO, commented, "The HEARTH Act is a significant change in the administration of tribal land development that empowers local tribal decision makers to move quickly on housing, business and other land based economic initiatives. This key piece of legislation reduces the bureaucracy, wait time for approval and eases the home buying process for tribal families. The HEARTH Act is a door opener that has accelerated our plans to partner and enter the US tribal housing market."
Intelligent Living Corp., a leading provider of green building solutions, specializes in development and supply of small footprint, energy efficient housing for First Nations communities and emergency relief, multi-strata property renovation and development and home and commercial automation systems. Founded in 1994, ILVC is a member of the Canadian Green Building Council.
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