| ELIGIBILITY REQUIREMENTS |
| |
· Functional Categories |
| |
|
Rural Housing |
| |
· Applicants |
| |
|
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)
Individual/Family
Private Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals) |
| |
· Applicant Eligibility |
| |
|
To be eligible to participate in the rental assistance program, borrowers must have an eligible project. All projects must convert to Interest Credit Plan II before they are eligible, except direct RRH and insured RRH loans approved prior to August 1, 1968, and LH loans and grants. For a borrower to have an eligible project, the loan must be an RRH insured or direct loan made to a broad-based nonprofit organization, or State or local agency or; an RRH insured loan made to an individual or organization who has or will agree to operate the housing on a limited profit basis as defined in 7 CFR 3560.254 (a) or; an RCH insured or direct loan or; an LH loan, or an LH loan and grant combination made to a broad-based nonprofit organization or nonprofit organization of farm workers or a State or local public agency. New construction and/or rehabilitation projects, utilizing the Section 8 program from HUD will not be considered eligible projects, although it may be used for eligible families in existing projects utilizing Section 8 for part of the units. |
| |
· Beneficiaries |
| |
|
Individual/Family
Senior Citizen (60+)
Low Income
Rural |
| |
· Beneficiary Eligibility |
| |
|
Any very low and low-income family, handicapped or senior citizen that is unable to pay the approved rental rate for an eligible RHS rental assistance unit within 30 percent of their adjusted monthly income. Households eligible for rental assistance are those 1) whose net tenant contribution to rent, determined in accordance with 3560.203 (a)(2), is less than the basic rent for the unit; 2) whose head of the household is a U.S. citizen or a legal alien as defined in 3560.11; 3) who meet the occupancy rules established by the borrower in accordance with 3560.155 (e); and 4) who have a signed, unexpired tenant certification form on file with the borrower. |
| |
· Credentials/Documentation |
| |
|
The applicant must be the owner or plan to become an owner of an eligible RHS RRH,RCH, or LH project operating on a limited profit or nonprofit basis. This program is excluded from coverage under 7 CFR 3015 or 3016. |
See AidPage for more information on:
Rural Rental Assistance Payments
See grant announcements for:
Rural Rental Assistance Payments
Federal Money Retriever® GrantGate®
|
|
Tell-a-Friend
