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

Funding Partners
This is a listing of various sources of funding who have partnered with USDA Rural Development in providing affordable housing in rural areas of Nebraska.

Department of Housing and Urban Development (HUD)

Nebraska Department of Economic Development (DED)

Nebraska Investment Finance Authority (NIFA)

Federal Home Loan Bank of Topeka (FHLB)

Nebraska Energy Office (NEO)

Assistive Technology Partnership (ATP)

Housing Assistance Council (HAC)

Nebraska Department of Education Summer Food Service Program

U.S. Department of Veteran Affairs (VA)

 

Management and Owners

Rural Development Handbooks, Forms and Guidance

USDA Non-Profit Board Training-Nebraska
For handouts and training materials contact your local Multi-Family Housing Specialist

Landlord and Tenant Handbook

Nebraska Real Estate Commission (Nebraska Landlord Tenant Act)

Resources for Homeless Veterans

Management Interactive Network Connection (MINC) Help

 

 

RRH Guides

301-Affirmative Fair Housing Market Plan

302-Application for Occupancy

303-Certificate of Disability or Handicap
304-Denial Letter
305-14/30 Day Violation/Eviction Notice
306-Filing System Tenant Files
307-Final Tenant Billing Notice
308-Unit Inspection Follow-Up Letter
309-Move-In and Move-Out Inspection Report
310-Periodic Inspection Report
311-Lease Agreement Plan I
312-Lease Agreement Plan II
313-Lease Addendum Agreement
313a-Lease Addendum (Conversion to a Monthly Lease)
313b-DED HUD Home Lease Addendum
314-Lease Attachment (Congregate Services)
315-Lease Attachment Restoration Agreement
316-Cable TV Lease Attachment
317-Partial Month's Lease Attachment
318-Management Agreement
318a-Management Agreement Addendum
319-Management Plan for Manager
320-Management Plan Owner Manager
321-Management Plan Addendum
321a-Management Plan Addendum Congregate Projects
322-Notice of Delinquent Rent
323-Notice of Delinquent Rent (Follow Up Letter)
324-Notice of Periodic Apartment Inspection
325-Notice of Pet Violation
327-Pet Agreement and Policies for Housing Agencies and Authorities
328-Pet Agreement and Policies
329-Plan for Project Repairs
330-Re-Certification Notice
331-Re-Certification Notice Follow-Up
333-Rules and Regulations of Project
334-Asset Statement for Recertifications
335-Statements of Gifts Received by Family
336-Statement of Income for Re-Certification
336a-Guide for Determining Income From an Owned House
336b-Guide for Determining Farm Income
337-Verification of Child Support Payments
337a-Verification of Child Care Expense
338-Verification of Deposit
339-Verification of Employment
339a-Student Questionnaire
339b-Zero Income Verification Checklist
340-Verification of Income from Assets
341-Verification from Landlord
342-Verification of Medical Expenses
343-Verification of Military Compensation
344-Verifications of Pensions and Annuities
345-Verification of Social Security Benefits
346-Verification of Unemployment Benefits
347-Verification of Veteran Benefits
348-Verification of Public Assistance
350-Application Response Letter
351-ED and Board Responsibilities
352-Medical Expense Projections
354-Monthly Income and Expense Statement
355-Tenant Selection Policy
356-Drug Policy Development
357-Caretaker Job Description
358-Site Manager Job Description
359-Wage Match Notice to Tenants
360-Security Deposit Receipt
361-General Authorization Letter
362-Sample Waiting List
363-Calculation for Figuring Rent
364-Ineligible Tenant Waiver
365-SNR Market Survey
366-Workout Plan
367-Marketing Report for Vacancies
368-Repair Specification Worksheet
375-Management Plan Attachment 3-B
 

Tenants

Landlord and Tenant Handbook

Nebraska Client Assistance Program (Hotline for Disability Services)

Nebraska Real Estate Commission (Nebraska Landlord Tenant Act)

Search for Rental Housing Properities in Nebraska

Search for Rural Development Multi-Family Housing Properties Nationwide

 

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 5.0 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 5.0 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.  First, Version 5.0 includes a new Stay-In-Owner template for MPR transactions that do not involve a transfer of ownership.  While the Stay-In-Owner Template will primarily be used by the agency, it has been made available for viewing by the public. Second, enhancements have been made to the transfer tool to include a new sheet entitled “Cash Analysis” of the project’s balance sheet, as well as a detail of the Sales and Purchase Agreement, which is found on the “General Info” sheet.  A complete summary of the updates the PAT v5.0 are detailed in the “About This Template” page

Preliminary Assessment Tool Customer Comments and Questions (xlsx)

Engineering

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.

Environmental

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.

  • Contact Marty Norton, Environmental Coordinator, 402.437.5560-Phone or 855-207-0384-Fax.
  • Flood Plains: USDA Rural Development has specific policies regarding building in a flood plain. A map of the flood plain for your location can be found on the FEMA site.
  • Endangered species in Nebraska can be found at the U.S. Fish and Wildlife site.
  • Endangered species: Information on state endangered species can be found at the Nebraska Games and Parks site.

Architect

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.

Capital Needs Assessment (CNA).  The need for a CNA report arises from numerous property transactions and is intended to record the specific physical conditions of each MFH property that is an asset of the USDA Rural Development.  The CNA Statement of Work provides a Guide for the CNA Provider of what is required when completing a CNA for the agency.

Contacts

Nebraska State Office - Multi Family Housing

Terri Kostal, Sr. Multi Family Housing Specialist
402.437.5557

Sharon Kluck, Multi Family Housing Specialist
402.437.5035

Jerry Pesek, Multi Family Housing Specialist
402.437.5566

Kim Le, Multi Family Housing Assistant
402.437.5734

Kearney Office
4009 6th Avenue
Kearney, Nebraska 68845-2386
308.455.9847 Phone
855.207.0384 FAX

Paul Bartlett, Multi-Family Housing Director
308.455.9839

Samantha Ketteler, Multi Family Housing Assistant
308.455.9842

 

Norfolk Office
2601 Lakeridge Drive, Suite 2
Norfolk, Nebraska 68701
402.371.5350 Phone
855.207.0384 FAX

Kim Fehringer, Multi Family Housing Specialist
Extension 121

Andrea Gubbels, Multi Family Housing Assistant
Extension 100