Success Stories
Shawn Poynter / There Is More Work To Be Done
Shawn Poynter / There Is More Work To Be Done
HAC’s 2024 Annual Report
HAC would like to present its Annual Report for the year 2024.
Housing Assistance Council 2024 Annual ReportDownload the 2024 Annual Report
A Message from HAC President & CEO and Board Chair
At the Housing Assistance Council (HAC), we believe that progress happens through partnership.
In 2024, we put that belief into action—working hand in hand with local leaders, government agencies, community based nonprofits, and funders to deliver housing solutions in rural America. This report’s theme, Solutions Through Partnership, reflects not only how we work—it defines who we are.
We’re in this together.
From the beginning, HAC has served as a bridge: connecting rural communities to the tools, resources, and relationships they need to build housing, create opportunity, and strengthen their futures. And in a year marked by shifting policies and economic uncertainty, that role has never been more critical—or more rewarding.
We are proud to report that in 2024, HAC supported the financing of over 1,400 homes, raised more than $12 million in new loan and grant capital, and reached nearly 22,000 individuals through training and educational resources. Each of these numbers reflects a story of connection: a loan officer walking alongside a first-time developer; a policy expert amplifying rural voices in a congressional office; a research associate mapping housing needs; a trainer helping a local team unlock new funding. Across every department at HAC—from lending to training, from policy to research—we saw firsthand how real collaboration turns obstacles into opportunities.
This year also reminded us that the stakes are high. The housing crisis in rural America is real, and deepening. More than five million rural households pay more than they can afford for housing. Many others live in homes that are unsafe or deteriorating. The private market is not producing enough housing at a price locals can afford—and public programs designed to fill in the market gaps face underfunding, understaffing, and political uncertainty.
Even so, we remain hopeful. Because every day, we watch local partners overcome the odds. We see local leaders who are tenacious. We meet partners who are ready to lend a hand. And we work with people—across the public and private sectors—who believe, as we do, that everyone deserves a safe, healthy, and affordable place to call home. A fair and functional system that allows rural communities to thrive is fundamental to the Nation’s success.
As we look ahead to 2025 and beyond, we are energized by the partnerships we’ve built—and the ones yet to come. Together, we will continue to push forward, expand opportunity, and drive solutions where they’re needed most.
Thank you for your trust, your collaboration, and your shared belief in rural America’s future.
