What does this program do?
Rural Housing site loans provide two types of loans to purchase and develop housing sites for low- and moderate-income families:
- Section 523 loans are used to acquire and develop sites only for housing to be constructed by the Self-Help method. Refer to RD Instruction 1944-I for more information about the Self-Help program
- Section 524 loans are made to acquire and develop sites for low- or moderate-income families, with no restriction as to the method of construction. Low-income is defined as between 50-80% of the area median income (AMI); the upper limit for moderate income is 115% of the AMI.
Who may apply for this program?
- Section 523 loans: Private or public non-profit organizations that will provide sites solely for self-help housing
- Section 524 loans: Private or public non-profit organizations. The building site may be sold to low- or moderate-income families utilizing USDA’s Single Family Housing (SFH) loan programs, or any other mortgage financing program which serves low- and moderate-income families
- Non-profits that have the legal authority to operate a revolving loan fund
- Non-profits that have the financial, technical and managerial capacity to comply with relevant federal and state laws and regulations
- Federally-recognized Tribes
What is an eligible area?
Check eligible addresses.
How may funds be used?
Site loans are made to provide financing for the purchase and development of housing sites for low- and moderate-income families.
What are the terms of the loans?
- 5-year loans
- Section 523 loans: 3% interest rate
- Section 524 loans: below-market-rate established and published monthly, fixed at closing.
How do we get started?
Applications for this program are accepted year round. Please apply through your State USDA Rural Development office..
Who can answer questions?
Contact your State USDA Rural Development office.
What governs this program?
- Standards: The site development standards and policies in RD Instructions 1924-A and 1924-C apply
- Basic Instruction: RD Instruction 444.8 (7 CFR Part 1822 Subpart G) and RD Instruction 1924-C
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.
NOTE: Please contact your local State Office and speak to a Housing Program Specialist before attempting to fill out any forms or applications. This will save you valuable time in your application.
There are no other additional requirements at the national level. If there are additional state-specific requirements they will be listed above.
For information and applications on Single Family Housing direct loans and grants, please contact the appropriate field office that serves your county:
1. For Boone, Newton, Searcy, Marion, Carroll, Benton, Washington, Madison, Izard, Baxter, Fulton, and Stone counties, call 870.741.8600, Extension 4
• Mailing Address: 402 N Walnut Rm 201, Harrison AR 72601
• Fax E-Mail Address: Ra.rd.arha2.efax7080@ar.usda.gov
2. For Craighead, Mississippi, Poinsett, Independence, Cleburne, Jackson, Sharp, Lawrence, Clay, Greene, and Randolph counties, call 870.972.4671, Extension 4
• Mailing Address: 3407 S Caraway Ste 4, Jonesboro AR 72404
• Fax E-Mail Address: Ra.rd.arjon.efax7081@ar.usda.gov
3. For St. Francis, Arkansas, Crittenden, Lee, Cross, Monroe, Phillips, White, Lonoke, Pulaski, Prairie, and Woodruff counties, call 870.633.3055 Extension 4
• Mailing Address: 4401 N Washington, Forrest City AR 72335
• Fax E-Mail Address: Ra.rd.arfor.efax7082@ar.usda.gov
4. For Drew, Bradley, Chicot, Desha, and Ashley counties, call 870.367.8400 Extension 4
• Mailing Address: 419 W Gaines, Monticello AR 71655
• Fax E-Mail Address: Ra.rd.armon.efax7791@ar.usda.gov
5. For Jefferson, Cleveland, Lincoln, Grant, Calhoun, Columbia, Dallas, Union, Ouachita counties, call 870.534.3200 Extension 4
• Mailing Address: 100 E 8th Ave, Rm 2603, Pine Bluff AR 71601
• Fax E-Mail Address: Ra.rd.armon.efax7791@ar.usda.gov
6. For Hempstead, Miller, Lafayette, Little River, Howard, Pike, Sevier, Polk, Nevada, Hot Spring, Garland, Saline, Clark, and Montgomery counties, call 870.777.8800 Extension 4
• Mailing Address: P. O. Box 768, Hope AR 71802
• Fax E-Mail Address: Ra.rd.arhop.efax7792@ar.usda.gov
7. For Sebastian, Crawford, Franklin, Logan, Scott, Pope, Johnson, Yell, Faulkner, Conway, Perry, and Van Buren counties, call 479.968.3497, Extension 4.
• Mailing Address: 420 N Hampton Street, Russellville AR 72802
• Fax E-Mail Address: Ra.rd.arfts.efax6540@ar.usda.gov
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