10.415: Rural Rental Housing Loans
Overview
Program Number
10.415
Status
Active
Last Modified
Aug. 19, 2022
Date Posted
Aug. 19, 2022
Objective
To provide economically designed and constructed rental and cooperative housing and related facilities suited for rural residents.
Type of Assistance
E - Direct Loans
Applicant Eligibility
Applicants may be individuals, cooperatives, nonprofit organizations, State or local public agencies, profit corporations, trusts, partnerships, limited partnerships, and be unable to finance the housing either with their own resources or with credit obtained from private sources. However, applicants must be able to assume the obligations of the loan, furnish adequate security, and have sufficient income for repayment. They must also have the ability and intention of maintaining and operating the housing for purposes for which the loan is made. Loans may be made in communities up to 10,000 people in MSA areas and some communities up to 20,000 population in non- MSA areas. Applicants in towns of 10,000 to 20,000 should check with their local Rural Development; office to determine if the agency can serve them. Assistance is available to eligible applicants in States, Puerto Rico, the Virgin Islands, Guam, American Samoa, the Northern Mariana's, and the Trust Territory of the Pacific Islands.
Beneficiary Eligibility
Occupants must be very low-, low- or moderate-income families households, elderly, handicapped, or disabled persons.
Related Programs
Additional Information
Grant Awards
Rural Rental Housing Loans direct grants
Grant Opportunities