Loan Fund FY 21 Impact Report

HAC Loan Fund FY 2021 Impact Report

HAC is proud to present our 2021 Loan Fund Impact Report. In fiscal year 2021 (October 2020-September 2021), we financed the construction, preservation, or rehab of 775 affordable homes. By closing 33 loans, we invested $15.9 million in rural communities and leveraged $177.6 million in additional investments. Our lending has helped hundreds of rural families find safe, healthy, and affordable places to call home. Over 40% of these families live in persistent poverty counties, where the poverty rate has been at least 20% for the last 30 years.

Loan Fund Impact Report FY 2021 by Mackenzie Webb

The Castro Family's Self-Help Housing Story

Self-Help Homeownership: What it means to Families

We are proud of the families we’ve helped achieve the dream of homeownership. This series highlights the incredible impact we’ve made thanks to the US Department of Housing and Urban Development’s Self-Help Homeownership Opportunity Program. Homeownership changes lives—it can be a gateway to financial stability and better quality of life. The four families featured here all know the difference a home can make. Congratulations to all of them for the extraordinary achievement of building a home!

The Castro Family

With the help of People’s Self-Help Housing, the Castro family built their own home in King City, California. This is their new home:

Ben Phelps

Ben Phelps built his new home in Heber, Utah, thanks to support from Self-Help Homes of Utah. Here’s how his new home has made a difference in his life:

The Root Family

Self-Help Homes of Utah also helped the Root family build their own home in Heber, Utah. Here’s what their home means to them:

The Smith Family

With the help of People’s Self-Help Housing, the Smith family built their own home in Boone County, Arkansas. This is their new home:


Over the last 25 years, the Housing Assistance Council has financed the construction of over 10,000 new self-help homes. Under the self-help model, homeowners help build their homes, contributing “sweat equity” instead of a traditional down payment.

HAC Seeks Proposals for its Affordable Housing for Rural Veterans (AHRV) Initiative

HAC’s Affordable Housing for Rural Veterans initiative supports local nonprofit housing development organizations that meet or help meet the affordable housing needs of veterans in rural places. Grants typically range up to $30,000 per organization and must support bricks-and-mortar projects that assist low-income, elderly and/or disabled veterans with home repair and rehab needs, support homeless veterans, help veterans become homeowners, and/or secure affordable rental housing.

This initiative is funded through the generous support of The Home Depot Foundation.

Applications are due by 4:00PM (EST) on or before Friday, January 21, 2022.

Download the Application Package: Application (WORD) | Application (PDF) | Application Guidelines

Access the recording and materials from HAC’s webinar about this opportunity

For more information, contact HAC staff, ahrv@ruralhome.orgNo phone calls please.

Application Guidelines Download Application (WORD) Download Application (PDF) Access Webinar Recording


Need Help Logging in to the 2021 Conference?

How to access the 2021 Virtual Rural Housing Conference

Get the Conference App here. If you’re already registered, you will use the Conference App to access the conference sessions. NOTE: The App is the portal to all conference plenary sessions and workshops. You can install it on your phone, though you’ll probably want it on your computer for better viewing.

Need more guidance?

The National Rural Housing Conference participant support team is here to help. Reach out via telephone at (202) 516-6271 or email at

Trying to decide whether to register?

View conference details here.


SHOP Application Reference Material

Application Materials

The following links are provided to assist you in completing a 2021 Self-Help Homeownership Opportunity Program (SHOP) application. These links provide additional information on program and eligibility requirements.

  1. FY 2021 SHOP NOFO
  2. Eligibility Requirements for Applicaitons of HUD’s Grant Programs
  3. General Administrative Requirements and Terms for HUD’s Financial Assistance Awards
  4. Federal Register Notice
HAC in the News

Rural Veterans and Local Nonprofits Receive Critical Housing Support

Contact: Shonterria Charleston
(202) 842-8600

Rural Veterans and Local Nonprofits Receive Critical Housing Support

Funded by The Home Depot Foundation

Washington, DC, August 16, 2021 – Veterans and their families in 10 rural communities will have better lives, thanks to The Home Depot Foundation and the Housing Assistance Council. The Foundation is awarding grants totaling $295,000 to 10 local nonprofit housing agencies around the country to preserve housing for veterans in rural America.

The grant is part of The Home Depot Foundation’s mission to improve the homes and lives of U.S. veterans and invest $500 million in veteran causes by 2025. Many veterans and their families face major housing challenges, often exacerbated by issues related to unemployment, age and service-related disabilities. The Home Depot Foundation and the Housing Assistance Council (HAC) are dedicated to giving back to those who have answered the highest call of service to our nation.

As part of its Affordable Housing for Rural Veterans (AHRV) Initiative, HAC works with The Home Depot Foundation to administer grants that bolster and support the work of rural nonprofit housing agencies to deliver critical housing support to veterans.

“HAC’s continued partnership with The Home Depot Foundation is now even more critical in strengthening the capacity of local rural organizations to build and preserve veteran housing units across rural America,” said David Lipsetz, HAC’s CEO. “Together we’ve been able to support a nimble response to the housing challenges exacerbated by the COVID-19 pandemic.”

As rural America is home to a disproportionately high number of service women and men, HAC remains deeply committed to supporting our nation’s service women and men by uplifting local nonprofits and their work to house and ensure the safe habitability of their homes and rural communities.

The grantee organizations – described below – provide a range of programs. With the grants, veterans who own homes in Alabama, Arizona, North Carolina, Louisiana, Ohio, South Carolina and Tennessee will obtain critical repair assistance. Altogether, 55 veterans and their families will benefit from these grants.

About The Home Depot Foundation 

The Home Depot Foundation works to improve the homes and lives of U.S. veterans, train skilled tradespeople to fill the labor gap, and support communities impacted by natural disasters. Since 2011, the Foundation has invested more than $375 million in veteran causes and improved more than 50,000 veteran homes and facilities. The Foundation has pledged to invest half of a billion dollars in veteran causes by 2025 and $50 million in training the next generation of skilled tradespeople through the Path to Pro program.

To learn more about The Home Depot Foundation visit and follow the Foundation on Twitter @HomeDepotFound and on Facebook and Instagram @HomeDepotFoundation.

About the Housing Assistance Council
The Housing Assistance Council (HAC) is a national nonprofit that supports affordable housing efforts throughout rural America. Since 1971, HAC has provided below-market financing for affordable housing and community development, technical assistance and training, research and information, and policy formulation to enable solution for rural communities.

About the Grantees

  • Bogalusa Rebirth, Bogalusa, LA will utilize $30,000 to provide critically needed rehabilitation for three (3) veteran homes, prioritizing women veterans and those needing wheelchair accessibility features. For additional information on Bogalusa Rebirth, visit their website at
  • Community Action Commission of Fayette County, Washington Court House, OH will utilize $30,000 to rehabilitate ten (10) veteran-owned homes with health, safety, accessibility, and critical roof repairs or replacements. For additional information on Community Action Commission of Fayette County, visit their website at
  • Community Service Programs of West Alabama, Inc., Tuscaloosa, AL will utilize $30,000 to rehabilitate six (6) veteran homes from Bibb, Dallas, Fayette, Hale, Green, Lamar, Perry, Pickens, or Sumter counties. For additional information on Community Service Programs of West Alabama, Inc., visit their website at
  • Creative Compassion, Inc., Crossville, TN will utilize $30,000 to provide critically needed home repairs for five (5) veterans through partnerships with local Department of Veteran Affairs assistance offices and veteran-focused nonprofits in Cumberland and Fentress counties. For additional information on Creative Compassion, Inc., visit their website at
  • Appalachia Service Project, Johnson City, TN will utilize $30,000 to provide four (4) veterans with critical repairs and/or assist in constructing new homes for homeless veterans in Central Appalachia. For additional information on Grants and Strategic Corporate Partnerships Appalachia Service Project, visit their website at
  • Habitat for Humanity Orange County, Chapel Hill, NC will utilize $25,000 to support the repair of four (4) rural veteran homes in Orange County, NC. For additional information on Habitat for Humanity Orange County, visit their website at
  • Home Works of America, Columbia, SC will utilize $30,000 to assist ten (10) veteran homeowners with critical roof replacements. For additional information on Home Works of America, visit their website at
  • White Mountain Apache Housing Authority, Whiteriver, AZ, will utilize $30,000 to support the rehabilitation of three (3) veteran owned units on the Fort Apache Reservation. For additional information on White Mountain Apache Housing Authority, visit their website at
  • Wilmington Area Rebuilding Ministry, Inc., Wilmington, NC, will utilize $30,000 to support the repair of five (5) veteran owned homes in their service area. For additional information on Wilmington Area Rebuilding Ministry, Inc., visit their website at


HAC to Expand Work with Community Facilities

For fifty years, the Housing Assistance Council (HAC) has helped build homes and communities across rural America. Now, we’re working to expand our footprint by working with more communities to develop and rehabilitate community facilities.

Community facilities—such as parks, libraries, hospitals, and childcare centers—provide public services for everyone, making neighborhoods a better place to call home. They not only cultivate a feeling of belonging; they also provide tangible benefits for residents. As HAC’s Director of Training and Technical Assistance, Shonterria Charleston, puts it, “building rural communities is about more than houses. It’s about building the places where people learn, where they grow, and where they get their healthcare.”

Thanks to two grants from the US Department of Agriculture, HAC will work with small towns, including those affecting by natural disasters, to build and rehab much-needed community facilities. In fact, HAC is hiring a Community Facilities Housing Specialist to help us do this work by providing technical assistance to rural organizations. You can learn more about the position here.

How HAC’s Loan Application Packaging Training Supports Homeownership

HAC in the News

HAC and rural CDFIs receive “massive” $353 million investment

The US Treasury announced it is investing $1.25 billion of COVID-19 relief funds in Community Development Financial Institutions (CDFIs). We are excited to announce that the Housing Assistance Council (HAC) has received the maximum award: $1,826,265.

HAC will invest our $1.8 million award through our Loan Fund to support affordable housing organizations across rural America. As Eileen Neely, director of HAC’s Loan Fund explains, “$1.8 million means we can invest in more rural communities and help more low-income Americans get housed.”

Overall, the US Treasury is awarding $353 million to rural CDFIs. “This massive investment in rural CDFIs will help unlock the potential of rural communities,” said David Lipsetz, President & CEO of the Housing Assistance Council. “We are thrilled for the opportunity to expand our work for disinvested rural communities.”

Everyone deserves a safe, decent, and affordable place to call home. This award strengthens HAC’s work to make that vision a reality for rural America.

Our Work

A celebration of Black history and Black families

February is Black History Month. At HAC, we observe this important time by reflecting on the history of Black Americans and the contributions they’ve made to our communities for more than 400 years . Black history matters. Tragically, just as America has silenced and ignored Black voices, we have omitted Black history.

Even today, we often leave Black Americans out of our conception of rural America. Racial minorities represent 23% of rural America, yet they make up almost 60% of the population of rural counties with persistent poverty. These are the communities HAC serves, and we stand steadfast in our commitment to them. Every day, our work helps the most underserved rural communities meet their housing needs.

The Association for the Study of African American Life and History, the founders of Black History Month, have named this February’s theme to be The Black Family: Representation, Identity, and Diversity. While community developers build houses, it’s families that make them into homes. Our work has supported Black families build community and access the safe, affordable housing they deserve for decades.

We’re excited to take this month to celebrate Black families and their contributions to rural America. This month, we’ll be highlighting our work with Black communities and sharing more about our ongoing commitment to them. For 50 years, HAC has helped build homes in the most rural and poorest places in America. Our work is driven by a commitment to making the more just and equitable world we dream of. Still, there is much work to be done to realize that dream of true equity and justice. We hope you’ll join us in that work.