Well built, affordable housing is essential to the vitality of communities in rural America. Housing Programs give families and individuals the opportunity to buy, build, repair, own, or rent safe and affordable homes located in rural areas under 35,000 in population. Eligibility for these loans, loan guarantees, and grants is based on income and varies according to the average median income for each area.
Homeownership financing is provided at favorable rates and terms through a loan from a private financial institution and guaranteed by USDA Rural Development, or by a direct loan with USDA Rural Development. Home Repair Loans and Grants provide funds to elderly and low income homeowners to perform necessary repairs, improve or modernize a home, remove health and safety hazards, or make homes accessible for people with disabilities.
Financing is also available for the construction of apartments and other multi-family housing options in rural communities that lack sufficient, affordable rental housing and housing for farm laborers. Housing Programs may also provide subsidies serving low-income households, the elderly, and people with disabilities.
Rural Development Single Family Housing Programs:
- Single Family Housing Guaranteed Rural Home Loans
- Single Family Housing Direct Home Loans
- Single Family Housing Repair Loans and Grants
- Mutual Self-Help Housing Technical Assistance Grants
Rural Development Multi-Family Housing Programs: