Our Work
Jennifer Emerling/ There Is More Work To Be Done
Rental housing options in rural America are not only sparse, but also declining. An important source of housing in many rural communities are rental homes financed by the U.S. Department of Agriculture (USDA). No new USDA direct-financed rental housing has been developed in years, and the existing properties are increasingly losing their affordability provisions. Often, Section 515 properties are the only affordable rentals in a rural place and when they leave USDA’s program, they may be lost as affordable rentals, exacerbating the shortage of decent, affordable homes for the lowest-income rural Americans.
HAC’s preservation Technical Assistance program offers invaluable one-on-one support to nonprofits aiming to acquire Section 515 properties. Our team of experts works closely with these organizations, guiding them through every step of the acquisition process.