Rural Rental Housing -

The multi-family housing authorities provide loan resources to public, profit and non-profit entities to create rental units available at subsidized rates for very low and low-income tenants. These apartment complexes are designed to serve the needs of a specific community, to provide rental housing for elderly, family and mixed-use complexes. The loan amounts seldom exceed 30 units at a cost of less than $1.5 million.

Grants are provided to eligible state or local non-profit corporations who in turn establish programs to assist very low and low-income homeowners to repair and rehabilitate their homes. Rental property owners can also receive assistance to repair and rehabilitate their units if they agree to make them available to very low and low-income households.

Grants are provided to eligible non-profit corporations to administer technical assistance to very low and low-income households in construction of homes. Groups of six to eight low-income families build their own homes under the guidance of the grantee. The families must agree to work together until all the homes are finished. Participating families usually receive direct section 502 loans to construct their houses under this program.

Loans and Grants that enable farmers, public or private nonprofit organizations, and units of State and local governments to build, buy or repair farm labor housing in either dormitory or multifamily apartment style.