| ELIGIBILITY REQUIREMENTS |
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· Functional Categories |
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Rural Community Development
Recreation
Home Improvement
Cooperatives, Rental
Rural Housing
Construction Rehabilitation
Land Acquisition
Site Preparation for Housing
Community Sewage Treatment Assistance
Recreation |
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· Applicants |
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Individual/Family
State (Includes District Of Columbia; Includes Institutions Of Higher Education And Hospitals)
Local (Excludes Institutions Of Higher Education And Hospitals)
Public Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals)
U.S. Territories And Possessions (Includes Institutions Of Higher Education, Hospitals)
Specialized Group (Health Professional, Student, Veteran)
Profit Organization
Private Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals)
Quasi-Public Nonprofit Institution/Organization |
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· Applicant Eligibility |
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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. |
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· Beneficiaries |
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Individual/Family
Handicapped (e.g. Deaf, Blind, Crippled)
Senior Citizen (60+)
Moderate Income
Low Income |
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· Beneficiary Eligibility |
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Occupants must be very low-, low- or moderate-income families households, elderly, handicapped, or disabled persons. |
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· Credentials/Documentation |
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Applicants must furnish evidence of the following: (a) A comprehensive market analysis showing the need for such service; (b) a legal capacity to incur the obligation and operate the housing; (c) a sound budget; (d) good credit history; (e) inability to obtain necessary funds from other sources on terms and conditions that would enable the applicants to rent the units for amounts that are within payment ability of eligible very low, low-, or moderate-income family, households, elderly, handicapped, or disabled occupants. This program is excluded from coverage under OMB Circular No. A-87. |
See AidPage for more information on:
Rural Rental Housing Loans
Federal Money Retriever® GrantGate®
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