Government Grants, Loans: Rural Housing Site Loans and Self_Help Housing Land Development Loans (Eligibility)

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Rural Housing Site Loans and Self_Help Housing Land Development Loans

Rural Housing Site Loans and Self_Help Housing Land Development Loans

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ELIGIBILITY REQUIREMENTS
	· Functional Categories
		Rural Community Development Cooperatives, Rental Rural Housing Land Acquisition Site Preparation for Housing Community Water Supply Services Community Sewage Treatment Assistance
	· Applicants
		Public Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals) Private Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals)
	· Applicant Eligibility
		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.
	· Beneficiaries
		Public nonprofit institution/organization Other public institution/organization Individual/Family Private nonprofit institution/organization Quasi-public nonprofit organization Moderate Income Low Income Rural
	· Beneficiary Eligibility
		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 Section 523 loans must be for housing to be built by the self-help method.
	· Credentials/Documentation
		Applicants must furnish evidence of the following: (1) Market analysis showing need for such services; (2) legal capacity to borrow funds and develop land for sale; (3) a sound budget; and (4) general project description. This program is excluded from coverage under OMB Circular No. A-87.

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See AidPage for more information on:
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