Program 101

Abbreviated Fact Sheet

What does this program do?
This program provides competitive financing for affordable multi-family rental housing for low-income, elderly, or disabled individuals and families in eligible rural areas.

Who may apply for this program?
This program assists qualified applicants that cannot obtain commercial credit on terms that will allow them to charge rents that are affordable to low-income tenants. Qualified applicants include:

  • Individuals, trusts, associations, partnerships, limited partnerships, nonprofit organizations, for-profit corporations and consumer cooperatives.
  • Most state and local governmental entities.
  • Federally-recognized Tribes

Borrowers must have legal authority needed to construct, operate and maintain the proposed facilities and the services proposed

What is an eligible area?
A list of designated eligible places is available from each RD State Office.

How may funds be used?
Construction, improvement and purchase of multi-family rental housing for low-income families, the elderly and disabled individuals is the primary objective for this program.

Funding may also be available for related activities including:

  • Buying and improve land
  • Providing necessary infrastructure
  • For a complete list see Code of Federal Regulations, 7 CFR Part 3560.53.

Who may live in the rental housing?

  • Very-low income to moderate-income families or individuals (1)
  • Elderly people aged 62 or older
  • People with disabilities

What kinds of funding are available?
Direct, competitive loans

What are the loan terms?

  • Up to 30 year payback period
  • Lowest rate at either the time of loan approval or loan closing will be used
  • Contact your local RD Office for details and current interest rates applicable for your project

How do we get started?
Applications for this program are accepted on an annual basis. A Notice of Funding Availability (NOFA) is posted in the Federal Register.

Who can answer questions?
Contact your RD State Office or you can find Rural Rental Properties here to apply as a tenant.

What governs this program?

NOTE: Because citations and other information may be subject to change please always consult the program instructions listed in the section above titled "What Law Governs this Program?" You may also contact your local office for assistance.

(1) Very-low to moderate income: Very-low income is below 50% of area median income; low-income is 50-80% of area median income; moderate income is capped at $5,500 above low-income limit.

Forms & Resources

NOTE: If state specific forms are not shown above, please ensure that your state is selected in the dropdown menu above to find the State Office contact information and speak to a Housing Programs Specialist before attempting to fill out any forms or applications. This will save you valuable time in your application.

MFH Property Preservation Tool - The dashboard has been updated with December 2016 maturing mortgage data, which provides loan-level information on dates when Section 514 and 515 properties are projected to pay off their loans and exit USDA's Multi-Family Housing program.  A spreadsheet containing the raw data can be accessed here.

CNA Template (xlsm) - The CNA Template Ver 1.5h updates and replaces all previously used versions of CNA Worksheet. The template documents the findings reached when using RD's published Guidance on the Capital Needs Assessment (CNA) process.  It includes updated estimated useful life tables, and incorporates the rehabilitation guidance and miscellaneous format revisions for consistency with current program initiatives. This form has been tested and verified using the standard Windows Microsoft Excel ® (Excel 2013) to resolve compatibility issues previously reported. Use with other operating systems such as those from Apple®  or Android®, or those using earlier spreadsheet programs may continue to experience compatibility issues requiring further discussion in the CNA report.

Guidance on the Capital Needs Assessment Process (pdf) - This Unnumbered Letter (UL) provides updated clarification and guidance on the Rural Development Capital Needs Assessment (CNA) process. This document is comprised of ten main sections: 1) References to CNA in 7 CFR Part 3560 and the RD MFH Handbooks; 2) Contract Addendum; 3) Requirements and Statement of Work for a CNA; 4) The CNA Review Process; 5) Definitions; 6) Guidance for the Multi-Family Housing (MFH) Property Owner Regarding Contracting for a CNA; 7) Revising a CNA; 8) Updating a CNA; 9) Incorporating a Property’s Rehabilitation into a CNA; 10) Repair and Replacement Schedule; 11) Transition to Underwriting Phase. There are also ten attachments to this UL identified as Attachments A, B, C, D, E, F, G, H, I, J and two Subattachments A-1 and B-1. This entire Unnumbered Letter should be made available to RD MFH property owners, applicants and CNA Providers who are planning to submit transactions using the MPR or any other RD RRH or FLH program loan making or servicing authorities.

Multi-Family Housing Underwriting Background Update (pdf) - Rural Development is pleased to announce the release of Version 6.0 of its Preliminary Assessment tool.  The Preliminary Assessment Tool, or PAT, serves as a portal of access for transfers of ownership, preservation, and similar transactions.

Preliminary Assessment Tools (xltm) - Version 6.0 contains a number of enhancements that will continue our efforts to simplify, streamline, and provide greater transparency to the transfer and Multi-family Preservation and Revitalization (MPR) processes for the benefit of our customers and RD field staff.  Version 6.0 incorporates the provisions for the March 1, 2017 pilot program for non-profits.  It also incorporates the HUD and LIHTC rents for 2017.  A complete summary of the updates the PAT v6.0 are detailed in the “About This Template” page.

Preliminary Assessment Tool Customer Comments and Questions (xlsx)


Individual states may have particular requirements based on state and local regulations. Please contact the state office in the state where your project is located.


Rural Development environmental requirements can be found here: RD 1970 Environmental Policies and Procedures. Benefits of the 1970 environmental regulations are described here: 7 CFR 1970 Benefits.


Individual states may have particular requirements based on state and local regulations. Please contact the state office in the state where your project is located.


Douglas Wright
Multi Family Housing Programs Director
(317) 295-5785

Columbia City Area Office
788 West Connexion Way, Suite E.
Columbia City, IN  46725
(260) 244-6266 Ext. 118
Jeff Devers;; Ext. 118
Donna Shenk;; Ext. 102
Adams, Allen, DeKalb, Elkhart, Fulton, Huntington, Kosciusko, LaGrange, Miami, Noble, Steuben, Wabash, Wells, Whitley counties.

North Vernon Area Office
2600 Highway 7 North
North Vernon, IN 47265
(812) 346-3411 Ext. 4163
Kelly Hobson;
Bartholomew, Clark, Dearborn, Decatur, Floyd, Franklin, Jackson, Jefferson, Jennings, Johnson, Ohio, Ripley, Scott, Shelby, Switzerland counties.

Bloomfield Area Office
104 County Road 70 East, Suite C
Bloomfield, IN  47424  
Kimberly Hyde;      
(812) 384-4634 Ext. 151
Brown, Clay, Daviess, Greene, Knox, Lawrence, Martin, Monroe, Morgan, Owen, Sullivan, Vigo counties.

Muncie Area Office
3641 North Briarwood Lane
Muncie, IN  47304
(765) 747-5531 Ext. 112
Sylvia Rhinehart;
Blackford, Delaware, Fayette, Grant, Hamilton, Hancock, Henry, Howard, Jay, Madison, Marion, Randolph, Rush, Tipton,  Union, Wayne counties.

Crawfordsville Area Office  
2032 Lebanon Road   
Crawfordsville, IN  47933   
(765) 362-0405 Ext. 110   
Ashlee Cadman;
Benton, Boone, Carroll, Clinton, Fountain, Hendricks, Montgomery, Parke, Putnam, Tippecanoe, Vermillion, Warren counties.

Jasper Area Office
1484 Executive Boulevard
Jasper, IN  47546
(812) 482-1171 Ext. 137
Matt Phillips;
Crawford, Dubois, Gibson, Harrison, Orange, Perry, Pike, Posey, Spencer, Vanderburgh, Warrick, Washington counties.

Knox Area Office
1410 South Heaton Street, Suite B
Knox, IN  46534
574-772-3066 Ext.126
Bill Hacker;
Cass, Jasper, LaPorte, Lake, Marshall, Newton, Porter, Pulaski, St. Joseph, Starke, White counties.