Rural Housing Site Loans

Objective

To assist public or private nonprofit organizations interested in providing sites for housing; to acquire and develop land in rural areas to be subdivided as adequate building sites and sold on a cost development basis to families eligible for low and very low income loans, cooperatives, and broadly based nonprofit rural rental housing applicants.

Who Can Apply

• Nonprofit Organization
• Federally Recognized Indian/Native American/Alaska Native Tribal Government
• State
• Local
• Public Housing Authority
• Other Local Government Consortium, Regional Organization (Intrastate), or Other Local Government Combination

A private or public nonprofit organization that will provide the developed sites to qualified borrowers on a cost of development basis in open country and towns of 10,000 population or less and places up to 25,000 population under certain conditions. Applicants from towns of 10,000 to 25,000 population should check with local RD office to determine if agency can serve them. Assistance is available to eligible applicants in States, Puerto Rico, the Virgin Islands, Guam, and the Northern Marianas.

Who Benefits

• Homeowner

Sites developed with Section 524 loans must be for housing low and very low income families and may be sold to families, nonprofit organizations, public agencies and cooperatives eligible for assistance under any Section of Title V of the Housing Act of 1949, or under any other law which provides financial assistance. Sites developed with

Assistance Types

• Direct Loan

Program Contact

andria.hively@usda.gov
253-384-6907