Multi-Family Housing Loan Guarantees in Oregon




December 31, 2021, 12:00 p.m. Eastern Time

For Prospective Tenants: Find a multi-family housing rental in Oregon.

New tenant income eligibility limits took effect on August 1, 2019: View the new limits here and select Oregon on the map to quickly navigate to that section.


What does this program do?
The program works with qualified private-sector lenders to provide financing to qualified borrowers to increase the supply of affordable rental housing for low- and moderate-income individuals and families in eligible rural areas and towns.

Who may apply for this program?
Private lenders may apply for a loan guarantee on loans made to eligible borrowers who are building or preserving affordable rural rental housing. 

Eligible lenders are automatically eligible if approved and active in one of the following programs:

  • Fannie Mae, Freddie Mac, Ginnie Mae
  • HUD
  • Federal Home Loan Bank members
  • State or local housing finance agencies

Eligible borrowers include:

  • Most state and local governmental entities
  • Nonprofit organizations
  • For-profit organizations, including LLC's
  • Federally-recognized Tribes

Additional requirements include:

  • Rent for individual units is capped at 30% of 115% area median income
  • Average rent for an entire project (including tenant paid utilities) cannot exceed 30% of 100% of area medium income, adjusted for family size.
  • Complexes must consist of at least five units
  • Complexes may contain units that are detached, semi-detached, row houses or multi-family structures

What is an eligible area?
Areas that may be served include:

How may funds be used?
Construction, improvement and purchase of multi-family rental housing for low to moderate income families and individuals is the primary objective for this program. Funding may also be available for:

  • Buying and improving land
  • Providing necessary infrastructure
  • For a complete list see Code of Federal Regulations, 7CFR Part 3565.205

What are the terms of a loan guarantee?

  • The Agency offers guarantees of up to 90% of the loan amount
  • For-profit entities may borrow up to  90% and non-profit entities may borrow up to 97% of the total development cost or appraised value, whichever is less
  • Minimum term of 25 years and maximum term of 40 years
  • Interest rate negotiated between the lender and the borrower is fixed for the life of the loan guarantee

Who will service the loan?
Loans guaranteed through this program are serviced through the private lender that makes the loan, just as they would be without a guarantee.

Who may live in the rental housing?
Low- to moderate- income families or individuals (1)

Is there a list of qualified private lenders in my area?
Contact your Rural Development office for a current list of lenders participating in the program.

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 State Rural Development 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) Low to moderate income: At initial occupancy, tenants' income cannot exceed 115% of the area median income adjusted for family size.


For Prospective Tenants: Find a multi-family housing rental in Oregon.

New tenant income eligibility limits took effect on August 1, 2019: View the new limits here and select Oregon on the map to quickly navigate to that section.

MFH Property Preservation Tool - The dashboard has been updated with June 2017 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) addresses the Capital Needs Assessment (CNA) process for RD-financed properties. It has been updated to provide additional guidance and clarification to assist RD borrowers, providers and staff for all RD required CNA assessments for loan making and servicing.  This UL includes general instructions to be used in completing the RD CNA reports, specific instructions on how to use the expected useful life tables, and a set of applicable forms including the Terms of Reference form; Systems and Conditions forms; and Evaluator's Summary forms. This new guide is now comprised of nine main sections: 1) Definitions; 2) Contract Addendum; 3) Requirements and Statement of Work (SOW) for a CNA; 4) The CNA Review Process; 5) Guidance for the Multi-Family Housing (MFH) CNA Recipient Regarding Contracting for a CNA; 6) Revising an Accepted CNA During Underwriting; 7) Updating a CNA; 8) Incorporating a Property’s Rehabilitation into a CNA; and 9) Repair and Replacement Schedule. This entire Unnumbered Letter should be made available to RD MFH property owners, applicants and CNA Providers who are or are planning to submit transactions using the MPR or any other RD RRH or FLH program loan making or servicing authorities.  Only CNAs following this guidance will be accepted.

Multi-Family Housing Underwriting Background Update (pdf) - Rural Development is pleased to announce the release of Version 6.1 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 6.1 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 6.1 incorporates the provisions of the 2017 MPR NOSA.  A complete summary of the updates the PAT v6.1 are detailed in the "About This Template" page.

Preliminary Assessment Tool Customer Comments and Questions (xlsx)

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.

NOSA Response Form (pdf).  Use this electronic Response Form to submit a pre-application for the Section 538 Guaranteed Rural Rental Housing NOSA published on December 21, 2017. Ending date: December 31, 2021 at 12:00 noon Eastern Time.

MFH GovDelivery Subscription Link - Sign up to receive emails on MFH announcements.

State Architect Requirements:


          Norm Schoen, Oregon State Architect
          (503) 414-33064,

Rural Development Programs, such as Community Facilities and Multi-Family Housing, involve the construction of new buildings or renovation of existing facilities. The development of these facilities involves the need for architectural services for the preparation of plans, specifications, public bidding, contracting, construction, and construction monitoring.

Applicants, at the earliest possible time, should provide a Preliminary Architectural Feasibility Report, including the Cost Estimate, for review by the Rural Development Program Specialist and State Architect. These two documents are needed to determine the project's feasibility. For Rural Development-financed architectural projects, Rural Development's State Architect will evaluate and provide to the applicants and their architects architectural/construction guidance in the following areas:

          Initial site visit & evaluation of the proposed project
          Preliminary Architectural Feasibilty Report
          Agency concurrence of Owner/Architect Agreements
          Agency acceptance of Plans & Specifications
          Agency concurrence of Construction Contract documents
          Construction & construction monitoring

Guidance on the Capital Needs Assessment Process (pdf) - This Unnumbered Letter (UL), dated March 16, 2015, provides updated clarification and guidance on the Rural Development Capital Needs Assessment (CNA) process for Multi-family Preservations and Revitalizations (MPRs), Rural Rental Housing and Farm Labor Housing transfers, and other Rural Development loan making and servicing actions requiring a CNA. This guidance is comprised of several sections and attachments addressing the CNA process required to be used by USDA Multi-Family Housing property owners, applicants, and CNA providers.

National Architect Requirements:

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.

State Engineering Requirements:


          Charlotte Bentley
          (503) 414-3362


National Engineering Requirements:

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.

State Environmental Requirements:


          Charlotte Bentley
          (503) 414-3362


National Environmental Requirements:

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.

There are no other additional requirements at the national level. If there are additional state-specific requirements they will be listed above.

There are currently no events scheduled.

Multi-Family Housing Contacts for the Western Region*
Serving Alaska, Arizona, California, Hawaii, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming

Becki Meyer
Field Operations West Region Director
(360) 704-7702,

Melodie Taylor-Ward
Servicing Support Branch 2 Supervisor
(614) 632-4414,

Tammy Daniels
Processing and Reports Branch 2 Acting Supervisor
(202) 720-0021,

Mary Traxler
Underwriting Branch 2 Acting Supervisor
(360) 704-7725,

Wilma Marconnet
Closing Branch Acting Supervisor
(785) 271-2718,


* To continue to meet the increasing demand for safe, affordable rural rental housing, USDA Rural Development reorganized its Multi-Family Housing Programs into an integrated model with specialized teams. In the Western Region, this change took effect on October 13, 2020.

As part of this transition, the Rural Development staff who have previously supported specific properties will change. More detailed contact information will be posted here soon.

All Multi-Family Housing staff are now aligned under one of three integrated divisions:

  • The Field Operations Division delivers routine servicing through regional teams.
  • The Production and Preservation Division processes, underwrites, and closes all Multi-Family Housing direct, preservation, and guaranteed loan transactions.
  • The Asset Management Division, through regional teams, oversees portfolio health.

This integration will allow USDA to establish streamlined business processes, provide consistent and predictable work for staff, and improve customer service for our Multi-Family Housing Programs.