HAC News Formats. pdf

December 17, 2020

Vol. 49, No. 25

TOP STORIES

Coronavirus relief bill may include eviction moratorium extension, rent aid and unemployment relief.

On December 17, congressional leaders continued to negotiate the terms of legislation based on the Emergency Coronavirus Relief Act of 2020, which was proposed by a bipartisan group of senators and representatives. The proposal would extend the CDC eviction moratorium through January 31. It would not add funding for any HUD or USDA housing programs, but would provide $25 billion in rental aid to be distributed to state, local and tribal governments via the Coronavirus Relief Fund. The final agreement is also expected to provide another round of direct payments to individuals and revive the Paycheck Protection Program. It is likely to provide supplemental unemployment benefits as well, although there could be a delay before states can get the funds out later in January.

FY21 federal funding deal pending.

Action on a final omnibus appropriations bill covering the rest of fiscal year 2021 has been delayed pending resolution on a coronavirus relief measure. The omnibus bill’s text has not been released. Final funding levels for USDA and HUD housing programs will be similar to FY20 amounts, with compromises where the House and Senate proposals for FY21 differed. The current continuing resolution expires at midnight on December 18, so another short-term CR may be needed to keep the government open while discussions on the coronavirus bill extend over the weekend.

Biden names Vilsack as USDA Secretary, Fudge for HUD.

President-elect Joe Biden has selected Tom Vilsack, who was Secretary of Agriculture throughout the Obama Administration, to fill the same position again. He named Rep. Marcia Fudge (D-Ohio) to be Secretary of Housing and Urban Development. A HAC statement congratulates both nominees. HAC looks forward to working with them in their new roles to place a renewed focus on the needs of rural communities.

HAC’s virtual symposium highlighted rural resiliency.  

Hundreds of rural housing developers, government officials, community members and housing advocates attended HAC’s virtual Rural Housing Symposium: Recovery Through Resiliency on December 3, exploring how the communities we all serve can move forward together from this difficult year. Recordings of the entire day and of individual panels are posted on HAC’s YouTube channel.

OPPORTUNITIES

Rural Energy Savings Program loans offered.

USDA’s Rural Utilities Service is now accepting applications for the Rural Energy Savings Program, which makes loans to intermediaries that re-lend the funds to rural residents and small businesses to implement energy efficiency measures. The funds can also be used to replace a manufactured housing unit with another manufactured housing unit if the replacement would be more cost effective in saving energy. Letters of intent will be reviewed as received. For more information, contact Robert Coates, RUS, 202-260-5415.

RuralSTAT

According to the most recent data from the Bureau of Labor Statistics, 1.1 million workers outside metropolitan areas are unemployed. Source: HAC tabulations of Bureau of Labor Statistics LAUS data.

CORONAVIRUS

COVID-19 cases surpass 2.2 million in rural America.

As of December 3, there were more than 2.2 million reported cases of COVID-19 and approximately 38,000 associated deaths in communities outside metropolitan areas. HAC’s most recent data analysis found that between November 3 and December 3, communities outside metropolitan areas reported 859,000 new cases of COVID-19, a 63% increase in one month.

ERS examines coronavirus and recession.     

The USDA Economic Research Service released the 2020 edition of its Rural America at a Glance report on December 17, focusing on how the pandemic and the ensuing recession have impacted demographic and economic conditions in rural areas. ERS will host a webinar on December 18 presenting findings from the report.

Many families with children are struggling.

Kids, Families and COVID-19: Pandemic Pain Points and the Urgent Need to Respond, published by the Annie E. Casey Foundation, presents state-level data on financial stability, hunger, education, health insurance and mental health before and during the pandemic. It recommends immediate action by federal, state and local decision makers.

“‘The most lopsided economic event imaginable’: Wave of evictions threatens Black, Latino tenants.”

A Politico article describes how evictions could further exacerbate health disparities and risks of COVID-19 infections by forcing families to move to doubled-up cramped quarters or out on the street. A relief package from Congress and eviction moratorium extension can prevent long-term negative consequences to economic and mental health.

REGULATIONS AND FEDERAL AGENCIES

USDA RD issues temporary appraisal authorization. 

An Unnumbered Letter dated December 7, 2020 provides temporary authorization regarding appraisals for Section 502 direct and Section 504 financing. Through September 30, 2021, self-help grantees, certified loan application packagers and USDA-approved intermediaries can order appraisals from local entities so long as they meet certain requirements. For more information, contact an RD office.

Final rules for faith-based organizations adopted by agencies including USDA and HUD.

Revisions to existing regulations for faith-based organizations’ participation in federal programs will take effect on January 19 under a final rule first proposed by USDA and others in January 2020 and by HUD in February. Among other changes, faith-based organizations will no longer be required to offer referrals to other providers and will be able to claim nonprofit status without obtaining a Section 501(c)(3) determination.

Flexibility for hiring H-2A farmworkers extended to June.

The Department of Homeland Security has revised its permission for farmworkers with H-2A visas to begin work for new employers without first leaving the U.S. The change, previously applicable when employers filed H-2A petitions by December 17, 2020, now applies through June 16, 2021. For more information, contact Charles L. Nimick, USCIS, 240-721-3000.

“SpaceX gets almost $900 million in federal subsidies to deliver broadband to rural America.”

The Federal Communications Commission has awarded SpaceX funding to explore providing broadband internet access to rural communities via satellites, CNN Business reports. SpaceX’s plan involves a yet unproven approach that will, if it works, rely on thousands of satellites to beam internet access back to households. This was just one of several grants, most going to more traditional internet providers, seeking to improve high speed internet access in rural areas.

PUBLICATIONS AND MEDIA

“LIHTC in Rural Persistent Poverty Counties.”

A Freddie Mac white paper highlights the importance of the Low-Income Housing Tax Credit program in developing affordable housing in lower-income rural areas. Over 40% of the multifamily stock in rural persistent poverty counties received assistance from LIHTC.

Coastal flooding risk to affordable housing is growing, report says.

Climate Central, a climate change research organization, calculates that the number of affordable units in the U.S. exposed to coastal flooding will more than triple by 2050. Sea Level Rise and Coastal Flooding Threaten Affordable Housing is a scientific report published in Environmental Research Letters, supplemented by interactive maps and a non-technical report that includes links to other online resources.

Fact sheet offers strategies on how community development can end homelessness.

“Preventing and Ending Homelessness: Community Development’s Role,” a new publication by the Build Healthy Places Network and NeighborWorks America, highlights the convincing evidence that ending homelessness improves health outcomes. This publication offers information on permanent supportive housing, the intersection of housing and health, case studies and tools for community development practitioners.

HAC

HAC remembers Bill Powers.

The affordable housing community has lost a dear friend and advocate: Bill Powers, one of HAC’s first staff members and later board member and chair, passed away on Thanksgiving Day. You can read HAC’s tribute and share memories of Bill on HAC’s facebook page.

Happy holidays from HAC.

With the holiday season upon us, HAC would like to take a moment to reflect on 2020. We have mourned the loss of family and friends to COVID-19, celebrated the focus on racial justice and longed for a more civil society. We know every American needs a safe, stable and affordable home like never before and we thank our allies, local partners, sponsors and supporters for your support this year. Our full holiday message is posted here.

Need capital for your affordable housing project?

HAC’s loan funds provide low interest rate loans to support single- and multifamily affordable housing projects for low-income rural residents throughout the U.S. and territories. Capital is available for all types of affordable and mixed-income housing projects, including preservation, farmworker, senior and veteran housing. HAC loan funds can be used for pre-development, site acquisition, site development and construction/rehabilitation. Contact HAC’s loan fund staff at  hacloanfund@ruralhome.org, 202-842-8600.
Please note: HAC is not able to offer loans to individuals or families. Borrowers must be nonprofit or for-profit organizations or government entities (including tribes).

HAC News Formats. pdf

November 12, 2020

Vol. 49, No. 23

TOP STORIES
Senate releases FY21 funding bills.
On November 10 the Senate Appropriations Committee posted its versions of all 12 appropriations bills for fiscal year 2021, which started on October 1, 2020. The Senate will not take up these measures, but they establish starting positions for negotiations with the House and White House on an omnibus funding measure to cover the rest of the year. The current continuing resolution ends on December 11. For USDA’s rural housing programs, the Senate bill largely agrees with a bill passed by the House in July. Most would remain at their FY20 levels, though both the House and Senate increase Section 521 Rental Assistance to the $1.410 billion requested by the Administration. Both offer less than the $40 million requested by the Administration for the Multifamily Preservation and Revitalization program; the House provides $30 million, the Senate $28 million. For most HUD programs, the Senate proposes funding levels at or slightly above FY20 amounts, though many are lower than the House levels. The HOME program, which received $1.350 billion in FY20, would get $1.7 billion in the House bill but $1.375 billion in the Senate measure. CDBG received $3.425 billion in FY20 and would get $3.525 billion from the House or $3.455 billion from the Senate. Both FY21 bills would keep SHOP at $10 million and would hold Native American housing at essentially the same level as in FY20.

Register now for HAC’s 2020 Virtual Symposium: Recovery Through Resiliency.
The Housing Assistance Council’s 2020 Rural Housing Symposium: Recovery Through Resiliency is finally here and it’s a virtual affair! Join us online from wherever you are for a day filled with engaging speakers, invaluable rural practitioner perspectives, and a vast array of information on rural realities as well as opportunities to interact and reconnect with peers. There is no charge for this event. Register here and we’ll see you online on December 3!

Biden housing platform supports USDA rural housing programs, 10-20-30 plan and more.
The Biden-Harris campaign’s policy platform includes a plank to “ensure rural communities have access to affordable and accessible homes,” mentioning the Section 502 direct and Section 515 programs by name. To address persistent poverty, it supports requiring every federal program to spend at least 10% of funds to communities where 20% or more of the population has lived below the poverty line for the last 30 years. The platform also supports existing HUD programs and pledges to reverse the Trump Administration’s changes to regulations relating to affirmatively furthering fair housing, disparate impact, Housing First and the Community Reinvestment Act.

Possible candidates for USDA and HUD secretaries identified.
News media including Politico, the New York Times and USA Today name former North Dakota Senator Heidi Heitkamp as a leading contender to become Secretary of Agriculture. HUD Secretary possibilities include former HUD officials Alvin Brown, Maurice Jones and Diane Yentel as well as Rep. Karen Bass (D-Calif.) and mayors Keisha Lance Bottoms of Atlanta and Eric Garcetti of Los Angeles. The names may change as the presidential transition process proceeds.

RuralSTAT
The unemployment rate outside of metropolitan areas stands at 5.9% (preliminary – not seasonally adjusted). For the same period in 2019, the outside metro unemployment rate was 3.6%.

 

OPPORTUNITIES
HAC webinar on managing and maintaining supportive housing set for November 17.
From lease-up and tenant selection plans to property and asset management, this webinar will explain how to manage, maintain and protect supportive housing to ensure compliance with requirements, maintain fidelity to the Housing First model, and ensure the property is a benefit to the residents and the community. This is the third in a three-part series. Each webinar can be viewed on its own or as a part of the series. Part I: Introduction to Supportive Housing and Part II: Financing Operations and Services in Supportive Housing are available on HAC’s YouTube channel. For more information, contact  HAC staff.

HOPE VI Main Street grants available for communities under 50,000.
Local governments (excluding tribal governments) can apply by January 19 for funds to assist in the renovation of an historic or traditional central business district or “Main Street” area by replacing unused, obsolete commercial space in buildings with affordable housing units. For more information, contact  Susan Wilson, HUD.

CORONAVIRUS
CDC updates “considerations” for community-based organizations.
The Centers for Disease Control suggests actions for community-based organizations to consider in order to reduce the spread of COVID-19 as they resume or increase their activities.

“Rural America has been forgotten during the coronavirus crisis.”
This issue brief from the Center for American Progress provides an update on the pandemic in rural counties, focusing on the spread of the virus and its impact on rural economies. The author notes that rural communities of color continue to experience the worst of the pandemic, but that now other rural communities – most notably in the upper Midwest and Great Plains regions – are experiencing severe outbreaks.

REGULATIONS AND FEDERAL AGENCIES
IRS proposes rule on income averaging in LIHTC properties.
Comments are due December 29 on implementation of the income averaging provisions adopted in 2018 legislation. The new Average Income Test will be one of three options for owners of Low Income Housing Tax Credit properties to ensure enough units are occupied by low-income residents to meet legal requirements. For more information, contact Dillon Taylor or Michael J. Torruella Costa, IRS, 202-317-4137.

HUD extends deadline for voucher comments.
Comments are now due January 6 rather than December 7 on HUD’s proposal to implement provisions of the Housing Opportunity Through Modernization Act relating to the Housing Choice Voucher and Project-Based Voucher programs. For more information, contact HUD staff,  HOTMAquestions@hud.gov.

Farmworker wage protections weakened.
A final rule from the Department of Labor changes the way that wage rate protections will be calculated for farmworkers whose employers use workers with temporary H-2A visas. Farmworker Justice explains that the rule means “the DOL will freeze the main wage rate under the H-2A program at the 2020 rates for two years, 2021 and 2022. In 2023 and later years DOL will adjust those rates based on a formula related to employment compensation trends generally in the prior year, locking in the impact of the two-year wage freeze forever and depriving farmworkers of recent modest improvements in wage levels.” The rule change appears to have been instituted hurriedly after USDA announced on September 30 that it was cancelling its quarterly Farm Labor Survey, which provides essential data used in the Department of Labor’s calculations. Because of the survey’s importance in wage calculations, the United Farm Workers filed a lawsuit challenging its cancellation. The judge hearing that case observed that DOL had very little advance notice of USDA’s decision to end the survey and surmised that DOL was “scrambling” to devise a methodology that did not rely on the survey. On October 28 the judge issued a preliminary injunction requiring USDA to continue to conduct and publish the Farm Labor Survey. The case is ongoing, but it does not directly impact the new DOL rule, which takes effect on December 21.

“Shortened census led to an incomplete count in some areas.”
A recent Pew Charitable Trusts article looks at where ending the census count on October 15, 2020 had the biggest impact. Challenges to collecting information were increased in areas hit by storms or outbreaks of COVID-19. Southwest Louisiana and tribal lands in Arizona, New Mexico and Utah faced some of the largest data collection gaps. Census undercounts could cause some areas to lose federal funding and congressional representation.

PUBLICATIONS AND MEDIA
Multifamily buildings can save energy within units, research brief says.
Studies have demonstrated that whole-building energy efficiency multifamily retrofits can lead to substantial energy and cost savings, but the American Council for an Energy-Efficient Economy says less is understood about the specific end use savings opportunities that exist inside residents’ units. Understanding Multifamily Home Energy Efficiency Potential identifies these uses, explores how savings opportunities vary by region and considers which end uses are contributing to high energy burdens experienced by low-income, non-white and Hispanic multifamily households.

“Rural hospitals are dying. This one saved itself – and its community.”
This Time article describes an innovative approach to keeping rural hospitals open. The “swing bed” program has brought in enough funds to revive the hospital in Clinch County, Georgia and allowed patients to be better cared for. The broader concept “has the potential to work nationwide,” according to an expert quoted in the article.

“What’s it like to grow up Black in rural Ohio?”
This Columbus Dispatch article explores the racism that Black rural Ohioans of all ages feel living in primarily white communities.

The next HAC News will be published December 3.
In the meantime, breaking news will be posted on HAC’s website, ruralhome.org.

HAC
Need capital for your affordable housing project?
HAC’s loan funds provide low interest rate loans to support single- and multifamily affordable housing projects for low-income rural residents throughout the U.S. and territories. Capital is available for all types of affordable and mixed-income housing projects, including preservation, farmworker, senior and veteran housing. HAC loan funds can be used for pre-development, site acquisition, site development and construction/rehabilitation. Contact HAC’s loan fund staff at  hacloanfund@ruralhome.org, 202-842-8600.
Please note: HAC is not able to offer loans to individuals or families. Borrowers must be nonprofit or for-profit organizations or government entities (including tribes).

HAC News Formats. pdf

October 15, 2020
Vol. 49, No. 21

TOP STORIES

More federal coronavirus relief possible, but unlikely before election.
Recent negotiations on additional economic assistance have stalled, stopped and restarted. The House, Senate and White House could reach agreement but that seems unlikely, at least until after the election on November 3.

Guidance on CDC eviction moratorium says landlords can start proceedings before December 31.
FAQs were released October 9 by the Centers for Disease Control, HUD, and the Departments of Health and Human Services and Justice, providing “non-binding guidance” on the CDC’s September 4 eviction moratorium. The guidance allows landlords to begin eviction proceedings before the moratorium’s December 31 expiration date, so long as the actual eviction does not occur before that date. It also notes that landlords are not required to tell tenants about the moratorium or the declaration they must provide to be protected. In an updated version of its guidance for assisted rental housing, HUD “strongly encourages” property owners and managers to inform residents of the moratorium and its declaration requirement. USDA RD’s guidance for properties it assists was last updated on September 9. For more news about evictions, see the Coronavirus section of this HAC News, below.

Save the date! HAC symposium online December 2-3.
The 2020 HAC Virtual Rural Housing Symposium: Recovery Through Resiliency will be held online on December 2 and 3 at no charge. With a focus on rural resiliency and moving toward a more vibrant future, Recovery Through Resiliency will discuss the state of rural housing, share and strategize replicable approaches that impact and drive equitable rural development, and connect old and new friends in the inclusive community HAC has fostered over the last 50 years. Save the dates and watch your email for more information.

Rural infection and death rates are at their highest levels since the pandemic began.
As of October 1, there were more than 900,000 reported cases of COVID-19 and approximately 20,000 associated deaths in communities outside metropolitan areas, according to HAC’s most recent analysis of data on the pandemic. The levels of reported rural cases and deaths from the virus now consistently outpace the rural share of the national population.

Census count ending October 15.
On October 13 a Supreme Court ruling allowed the Census Bureau to end the 2020 decennial census earlier than planned. The court did not explain its reasoning, although Justice Sonia Sotomayor wrote a dissent explaining why she disagreed with the ruling. The same day, the Census Bureau announced that it is ending the count on October 15 and stated that 99.9% of U.S. households have been counted. As Justice Sotomayor pointed out, however, “the percentage of nonresponses is likely much higher among marginalized populations and in hard-to-count areas, such as rural and tribal lands.”

RuralSTAT

COVID-19 cases have now been reported in all but nine of the more than 1,700 counties outside metropolitan areas.
Source: HAC tabulations of New York Times data. For more data, visit HAC’s most recent update on the pandemic’s impact in rural America.

OPPORTUNITIES

Deadline to claim stimulus checks extended to November 21.
The IRS has changed the deadline to November 21 instead of October 15 for people to apply for the $1,200 stimulus payments authorized by the CARES Act earlier this year if they are eligible but did not receive funds automatically or request them. Anyone who misses this deadline will have to file a tax return for 2020 to claim the payment. Details are available from the IRS and from the Center on Budget and Policy Priorities. CBPP also offers outreach resources for informing eligible people about the deadline. Assistance for individuals is also available online or through United Way’s helpline, 1-844-322-3639.

Freddie Mac to host rural research symposium.
The second annual Rural Research Symposium, hosted by Freddie Mac, will take place virtually on November 9-10. This annual event provides an opportunity to share crucial data and research across the housing industry. The event will feature expert speakers from across the housing industry, including HAC. Registration for this event is complimentary.

HAC offers webinars on WaterSense Homes labeling program and downtown redevelopment.
WaterSense Homes V1.2: A Tool for Building Water Efficient Homes, set for October 21, will showcase examples of how designing and building homes with various water-saving strategies, such as efficient hot water distribution systems and appropriate landscaping, can increase a home’s overall efficiency and improve the homeowner’s experience. Downtown Redevelopment for Affordable Housing Development, to be held October 29, will discuss mixed use development in downtowns of small and rural communities. Affordable housing can be a very important element to mixed-use developments, but can be extremely difficult in small and rural communities. The webinar will explore what has and has not worked. Both events are free.

CORONAVIRUS

Affordable housing providers report pandemic impacts their finances.
The pandemic’s effect is greatest for “smaller” affordable housing owners with fewer than 1,000 units, according to Impacts of COVID-19 on Low- and Moderate-Income Housing Providers. Operating expenses increased an average of 14.8% for all survey respondents, while for smaller owners the increase was 16.7%. Similarly, revenues declined by an average of 11.8% overall, but 12.8% for those with fewer than 1,000 units. While 56.4% of all providers surveyed applied for government assistance, only 41.5% of smaller providers received it, compared to 76.2% of those with 1,000 to 5,000 units. Released by ndp | analytics and the National Leased Housing Association, the report is based on a survey conducted in August.

Translations of CDC eviction declaration available.
The Centers for Disease Control’s website provides a form in English that can be used for the declaration required for a tenant to be protected by the CDC’s eviction moratorium. Translations into a variety of other languages have been collected by HUD, the National Low Income Housing Coalition and the National Housing Law Project.

“We are Losing Parts of Our Culture: Virus Tears Through Choctaw Community.”
Adding to media coverage of the coronavirus pandemic’s impact on the Navajo Nation, this New York Times article describes the heavy toll in other Native American communities. The story focuses on the Choctaw Tribe in Mississippi. So far, more than 10% of the tribe has fallen ill and over 80 members have died.

REGULATIONS AND FEDERAL AGENCIES

Comments requested on Duty to Serve plans for 2021.
The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is seeking public input on their 2020 and 2021 plans to support manufactured housing, affordable housing preservation and rural housing. Comments can be submitted online by October 23. Comments will also be accepted during virtual listening sessions on October 16 (manufactured housing), October 21 (affordable housing preservation), and October 23 (rural housing). Advance registration is required.

HUD suggests changes to voucher program rules.
Comments are due December 7 on a proposed rule that would implement provisions of the Housing Opportunity Through Modernization Act of 2016. Changes would impact alternatives to HUD’s housing quality standard inspection requirements and several elements of both the Housing Choice Voucher and Project-Based Voucher programs. HUD also proposes revisions that are intended to reduce the burden on PHAs by either modifying requirements or simplifying and clarifying existing regulatory language. For more information, contact HUD staff,  HOTMAquestions@hud.gov.

Section 3 jobs and training rule finalized.
A new HUD regulation will apply beginning July 1, 2021 to the “Section 3” requirement that jobs and employment training opportunities generated by some HUD program assistance must be provided to low- and very low-income community residents. A separate notice sets out benchmarks to be used to show compliance with the rule. Contacts for more information vary by program and are listed in HUD’s Federal Register post.

CDBG disaster recovery and mitigation waivers, alternatives and revisions published.
A HUD notice applies to Community Development Block Grant disaster recovery funds awarded under several appropriations from fiscal years 2013 through 2019. It provides waivers and establishes alternative requirements for some grantees and revises action plan substantial amendment requirements for CDBG-Mitigation grants. For more information, contact Jessie Handforth Kome, HUD, 202-708-0033,  disaster_recovery@hud.gov.

PUBLICATIONS AND MEDIA

USDA obligations up in FY20 for homeownership programs, down for rental.
HAC’s preliminary analysis of rural housing obligations at the end of the fiscal year reports that the Section 502 direct program used $1.01 million for 5,821 loans in FY20, fewer than the 6,194 loans provided with almost the same funding amount in FY19. About 40% of Section 502 loan dollars obligated and almost 45% percent of loans were for very low-income applicants. The Section 502 and 538 guarantee programs increased their commitments as well. Obligations for the Section 515 rental housing loan program and the Multi-Family Preservation and Revitalization program were lower this year than last. The number of Section 521 Rental Assistance units fell from 252,319 to 241,208 and the number of Section 542 vouchers rose from 6,559 to 7,489. HAC will publish a more detailed FY20 report.

Jobs are down in rural counties.
Based on local area unemployment statistics published by the Bureau of Labor Statistics, the Daily Yonder reports that jobs in rural areas were down by 4.3% as of the end of August, compared to one year earlier. The hardest hit counties were those dependent on recreation. Nationally, 6.4% of jobs were lost in the same time frame.

Rent reporting can build tenants’ credit histories, guide says.
Expanding Credit Building Opportunities for Latino & Immigrant Renters describes a pilot program by the National Association for Latino Community Asset Builders that used “rent reporting” – nonprofit property owners reporting tenants’ rent payments to credit bureaus – to establish credit histories for Latino tenants. NALCAB found 80% of participating renters improved their credit scores. The report includes lessons learned and factors for success identified by pilot organizations.

Housing and health inequalities explored.
Health Equity Report 2019-2020: Special Feature on Housing and Health Inequalities, published by a Department of Health and Human Services agency, examines the performance of federal programs, including HHS’s Federal Office of Rural Health Policy, and how housing is linked not only to health, but also to health care inequalities. A chapter on rural-urban health disparities covers the opioid crisis’s disproportionate impact in rural places.

Infill development webinar recording posted.
The recording from HAC’s recent webinar, Benefits of Infill Development: A Primer for Nonprofit Housing Developers, is now available on HAC’s YouTube channel.

HAC

Need capital for your affordable housing project?
HAC’s loan funds provide low interest rate loans to support single- and multifamily affordable housing projects for low-income rural residents throughout the U.S. and territories. Capital is available for all types of affordable and mixed-income housing projects, including preservation, farmworker, senior and veteran housing. HAC loan funds can be used for pre-development, site acquisition, site development and construction/rehabilitation. Contact HAC’s loan fund staff at  hacloanfund@ruralhome.org, 202-842-8600.
Please note: HAC is not able to offer loans to individuals or families. Borrowers must be nonprofit or for-profit organizations or government entities (including tribes).