The Housing Assistance Council (HAC) presents regular information and data on USDA’s rural housing loan and grant obligation activity.

USDA Rural Development Obligations Cover

USDA Rural Development Obligations FY 22- August

HAC presents the FY 22 August USDA Rural Housing Service (RHS) monthly obligations report.*

Download the Spreadsheet.

* The Rural Housing Service (RHS) monthly obligation reports are produced by the Housing Assistance Council (HAC) 1025 Vermont Ave., NW, Suite 606, Washington, DC 20005. The monthly figures derive from HAC tabulations of USDA –RHS 205c, d, and f report data. For questions or comments about the obligation reports, please contact Lance George at 202-842-8600 or lance@ruralhome.org.

USDA Multi-Family Fair Housing Occupancy Report FY 2021

USDA’s annual report on the characteristics of tenants in Section 515 and 514 properties shows that in October 2021 there were 108 fewer Section 515 properties and 25 fewer farm labor housing properties than in 2020, a total reduction of 1,709 units. The average household income rose by 3.78% to $14,665. Tenant households receiving Section 521 Rental Assistance saw a 7.13% increase in income to $12,501. The number of resident households paying more than 30 percent of their income for rent fell sharply from 41,121 in 2020 to 3,227 in 2021. USDA attributed this 92% decrease to the emergency rental assistance funds made available because of the coronavirus pandemic.

USDA Multi-Family Fair Housing Occupancy Report FY 2020

USDA’s annual summary of tenant data shows that characteristics of tenants in USDA’s Section 515 rental and Section 514/516 farmworker housing properties changed very little from September 2019 to September 2020. Average annual income of Section 515 tenants rose from $13,551 in September 2019 to $13,640 in September 2020, while the average income for Section 515 tenants receiving Section 521 Rental Assistance was $11,380 in 2020. About 10.6% of all tenants in USDA’s portfolio remain rent burdened and almost 70% of tenants continue to receive rental assistance of some sort. Elders and people with disabilities comprise 65.3% of Section 515 households.

Fiscal Year 2021 USDA Rural Development Housing Activity Report - Cover

Fiscal Year 2021 USDA Rural Development Housing Activity Report

Since the 1950s, USDA has provided financial assistance for the construction, repair, and affordability of millions of homes for low- and moderate-income rural Americans. USDA accomplishes this activity through its Rural Development (RD) agency. In FY 2021, USDA obligated 139,221 loans, loan guarantees, and grants totaling about $24.2 billion. Since the first USDA housing loan was made (around 1950), the agency has funded the construction, purchase, or repair of over 5.5 million rural housing units representing $384.1 billion.

Beginning in 1978, USDA also provided funding for rental assistance to help tenants better afford to rent housing in agency-financed multi-family housing units. In FY 2021, USDA obligated 291,455 annual units of tenant assistance representing about $1.54 billion through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. Since the late 1970s, USDA has funded over $28.8 billion for rental assistance and tenant vouchers representing nearly 4.4 million annual units.

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USDA Housing Activity Report - Fiscal Year 2021

USDA Rural Development Housing Funding Activity: Fiscal Year 2020 Year-End Report

HAC presents an overview of the United States Department of Agriculture (USDA) Fiscal Year (FY) 2020 USDA Rural Housing program obligation activity in this publication, USDA Rural Development Housing Funding Activity: Fiscal Year 2020 Year-End Report.

Since the 1950s, USDA has provided financial assistance for the construction, repair, and affordability of millions of homes for low- and moderate-income rural Americans. USDA accomplishes this activity through its Rural Development (RD) agency. In FY 2020, USDA obligated 151,876 loans, loan guarantees, and grants totaling about $24.5 billion. Since the first USDA housing loan was made (around 1950), the agency has funded the construction, purchase, or repair of nearly 5.4 million rural housing units representing $360.1 billion.

Beginning in 1978, USDA also provided funding for rental assistance to help tenants better afford to rent housing in agency-financed multi-family housing units. In FY 2020, USDA obligated 248,697 annual units of tenant assistance representing about $1.41 billion through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. Since the late 1970s, USDA funded nearly $27.3 billion for rental assistance and tenant vouchers representing nearly 4.1 million annual units.

USDA Program Obligation Final Report - FY 2020
USDA Rural Development Obligations Cover

USDA Rural Development Obligations FY 22- February

USDA Rural Development Obligations Report Cover - FY 2021

As of the end of February, USDA obligated 39,285 loans, loan guarantees, and grants totaling about $7.0 billion. This is $3.3 billion less than obligation levels from this time last year. At that time, there were 60,232 loans, loan guarantees, and grants obligated totaling $10.3 billion.

The agency has been operating under a series of continuing resolutions since the beginning of the fiscal year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $6.6 billion (35,862 loan guarantees) compared to $9.9 billion (56,221 loan guarantees) last year.

For the Section 502 Direct program, loan obligations totaled $324.5 million (1,678 loans), compared to last year’s obligation level of $356.8 million (1,965 loans.) About 27 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented nearly 32 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 638 loans representing $4.1 million. Loan volume was up from this time last year (750 loans representing $4.3 million.) There were also about $7.0 million (1,052 grants) obligated in the Section 504 grant program compared to $7.9 million (1,245 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 8 grants totaling $10.8 million compared to last year’s 6 grants totaling $3.7 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 29 loan guarantees totaling $76.7 million compared to last year’s 35 loan guarantees ($68.4 million.) The Farm Labor Housing programs funded 4 loans and 1 grant totaling $5,120,000 and $4,000,000 respectively. There were no Farm Labor Housing loans or grants at this time last year. There have been no other loan or grant obligations so far this year

USDA obligated funds for 40,063 rental assistance units under the Section 521 Rental Assistance program totaling $238.7 million. This compares to about 38,592 units ($219.6 million) obligated same time last year. There were also 2,898 Rural Housing Vouchers totaling $14.1 million compared to 1,939 vouchers representing $9.6 million this time last year.

Download the combined document.

* The Rural Housing Service (RHS) monthly obligation reports are produced by the Housing Assistance Council (HAC) 1025 Vermont Ave., NW, Suite 606, Washington, DC 20005. The monthly figures derive from HAC tabulations of USDA –RHS 205c, d, and f report data. For questions or comments about the obligation reports, please contact Michael Feinberg at 202-842-8600 or michael@ruralhome.org.

USDA Rural Development Obligations Cover

USDA Rural Development Obligations FY 22- January

USDA Rural Development Obligations Report Cover - FY 2021

As of the end of January, USDA obligated 33,374 loans, loan guarantees, and grants totaling about $5.9 billion. This is $2.2 billion more than obligation levels from this time last year. At that time, there were 47,476 loans, loan guarantees, and grants obligated totaling $8.1 billion.

The agency has been operating under a series of continuing resolutions since the beginning of the fiscal year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $5.6 billion (30,597 loan guarantees) up from $7.8 billion (44,318 loan guarantees) last year.

For the Section 502 Direct program, loan obligations totaled $264.5 million (1,374 loans), a bit less than last year’s obligation level of $292.3 million (1,623 loans.) About 29 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented nearly 34 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 516 loans representing $3.4 million. This compares to 587 loans representing $3.4 million this time last year. There were also about $5.5 million (848 grants) obligated in the Section 504 grant program compared to $5.7 million (916 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 7 grants totaling $3.9 million up from last year’s 5 grants totaling nearly $3.5 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 19 loan guarantees totaling about $47.0 million, higher than last year’s 20 loan guarantees ($64.7 million.) The Farm Labor Housing programs funded 3 loans and 1 grant totaling $4.8 million and $4.0 million respectively. There have been no other loan or grant obligations so far this year.

USDA obligated funds for 40,064 rental assistance units under the Section 521 Rental Assistance program totaling $238.2 million compared to 38,592 units ($219.5 million) obligated same time last year. There were also 2,064 Rural Housing Vouchers totaling $9,.9 million compared to 1,675 vouchers representing nearly $8.4 million this time last year.

Download the combined document.

* The Rural Housing Service (RHS) monthly obligation reports are produced by the Housing Assistance Council (HAC) 1025 Vermont Ave., NW, Suite 606, Washington, DC 20005. The monthly figures derive from HAC tabulations of USDA –RHS 205c, d, and f report data. For questions or comments about the obligation reports, please contact Michael Feinberg at 202-842-8600 or michael@ruralhome.org.

USDA Rural Development Obligations Cover

USDA Rural Development Obligations FY 22 – December

USDA Rural Development Obligations Report Cover - FY 2021

As of the end of December, USDA obligated 26,861 loans, loan guarantees, and grants totaling nearly $4.8 billion, over $830 million above this time last year.

The agency is currently operating under a second continuing resolution which provides funding through February 18, 2022.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated over $4.5 billion (24,760 loan guarantees) up from nearly $3.8 billion (21,758 loan guarantees) last year.

For the Section 502 Direct program, loan obligations totaled nearly $206 million (1,050 loans), compared to last year’s obligation level of $142.4 million (756 loans.) About 30 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented nearly 35 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 384 loans and 640 grants representing about $2.6 million and 4.2 million. Loan volume was up from this time last year (317 loans representing almost $1.8 million.) For Section 504 grants, almost $3 million (478 grants) were obligated this time last year.

USDA’s Section 523 Self Help Housing Grant program funded 5 grants and contracts totaling $3.6 million similar to last year’s 5 grants and contracts totaling $3.5 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 13 loan guarantees totaling $39 million, higher than last year’s 7 loan guarantees representing $21.4 million.

The Farm Labor Housing programs funded 1 loans and 1 grants totaling $1,000,000 and $4,000,000 respectively. There were no loans or grants at this time last year.

USDA obligated funds for 37,904 units under the Section 521 Rental Assistance program totaling $225 million compared to 30 units ($150,564) obligated same time last year. There were also 1,102 Rural Housing Vouchers totaling $5.4 million compared to 945 vouchers representing $4.8 million this time last year.

Download the combined document.

* The Rural Housing Service (RHS) monthly obligation reports are produced by the Housing Assistance Council (HAC) 1025 Vermont Ave., NW, Suite 606, Washington, DC 20005. The monthly figures derive from HAC tabulations of USDA –RHS 205c, d, and f report data. For questions or comments about the obligation reports, please contact Michael Feinberg at 202-842-8600 or michael@ruralhome.org.

USDA Rural Development Obligations Cover

USDA Rural Development Obligations FY 22 – November

USDA Rural Development Obligations Report Cover - FY 2021

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2022 USDA Rural Housing program obligations.

As of the end of November, USDA obligated 18,236 loans, loan guarantees, and grants totaling about $3.2 billion. This is $721 million less than obligation levels from this time last year. At that time, there were 23,321 loans, loan guarantees, and grants obligated totaling nearly $4 million.

Funding has been provided through a continuing resolution until December 3, 2021.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated about $3 million (16,781 loan guarantees) less than last year’s $3.8 billion (21,758 loan guarantees.)

For the Section 502 Direct program, loan obligations totaled nearly $155 million (769 loans), a bit higher than last year’s obligation level of $142 million (756 loans.) About 32 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented nearly 38 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 252 loans representing nearly $1.9 million. The number of loans was a bit lower than last year but the dollar obligations was higher (317 loans representing nearly $1.8 million.) There were also about $2.8 million (419 grants) obligated in the Section 504 grant program compared to nearly $3 million (478 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 1 grant totaling $105,650 up from last year’s 5 grants and contracts totaling almost $3.5 million.

There were also 3 grants in the Section 306 C, Water and Waste Disposal program.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 11 loan guarantees totaling over $27 million, higher than last year’s 7 loan guarantees (about $21.5 million.) In the Section 515 Rural Rental Housing program, there were 0 loans totaling $0 (including disaster assistance) obligated compared to 0 loans totaling $0 last year. No other Multifamily housing loans or grants have been obligated so far this year.

 

Download the combined document.

* The Rural Housing Service (RHS) monthly obligation reports are produced by the Housing Assistance Council (HAC) 1025 Vermont Ave., NW, Suite 606, Washington, DC 20005. The monthly figures derive from HAC tabulations of USDA –RHS 205c, d, and f report data. For questions or comments about the obligation reports, please contact Michael Feinberg at 202-842-8600 or michael@ruralhome.org.

USDA Rural Development Obligations Cover

USDA Rural Development Obligations FY 22 – October

USDA Rural Development Obligations Report Cover - FY 2021

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2022 USDA Rural Housing program obligations.

As of the end of October, USDA obligated 9,056 loans, loan guarantees, and grants totaling about $1.6 billion. This is nearly $311 million higher than obligation levels from this time last year. At that time, there were 11,071 loans, loan guarantees, and grants obligated totaling over $1.9 billion.

Funding has been provided through a continuing resolution until December 3, 2021.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $1.5 billion (8,436 loan guarantees), about $326 million (2,230 loan guarantees) less than last year’s $1.85 billion (10,666 loan guarantees.)

For the Section 502 Direct program, loan obligations totaled about $81.4 million (400 loans), nearly $11 million more than last year’s obligation level of $70.6 million (366 loans.) About 32 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented over 39 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 80 loans representing $640 million. Loan volume was up from this time last year (36 loans representing $306 million.) There were also about $929 million (136 grants) obligated in the Section 504 grant program. No grants were obligated as of this time last year.

There were no other Single Family housing obligations in October.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 4 loan guarantees totaling nearly $12 million, higher than last year’s 3 loan guarantees ($8.9 million.)

No other Multifamily funds obligated in October.

 

Download the combined document.

* The Rural Housing Service (RHS) monthly obligation reports are produced by the Housing Assistance Council (HAC) 1025 Vermont Ave., NW, Suite 606, Washington, DC 20005. The monthly figures derive from HAC tabulations of USDA –RHS 205c, d, and f report data. For questions or comments about the obligation reports, please contact Michael Feinberg at 202-842-8600 or michael@ruralhome.org.