Rural Housing Site Loans

Type: 
Funding
Event Date: 
Grant Deadline: 
Organization: 
USDA
Description: 

Applications accepted year round. Rural Housing site loans provide two types of loans to purchase and develop housing sites for low- and moderate-income families:

  • Section 523 loans are used to acquire and develop sites only for housing to be constructed by the Self-Help method. Refer to RD Instruction 1944-I for more information about the Self-Help program
  • Section 524 loans are made to acquire and develop sites for low- or moderate-income families, with no restriction as to the method of construction. Low-income is defined as between 50-80% of the area median income (AMI); the upper limit for moderate income is $5,500 above the low-income limit
Category: 
housing, rural communities, development
Funding Amount: 
varies
Matching Funds: 
Not mentioned

Geography:

Eligibility: 
Federally-recognized Tribes are included in eligible applicants