The Housing Assistance Council (HAC) is a certified Community Development Financial Institution (CDFI) focused on improving housing and living standards for rural low- and very low-income households and supporting development of new affordable housing in rural America.

HAC’s revolving loan fund provides vital capital to rural housing developers of all types: community-based, nonprofit organizations, housing development corporations, for-profit developers, self- help housing sponsors, farm worker organizations, cooperatives, land trusts, Indian tribes, public agencies and units of local government. HAC works with experienced housing developers and new developers embarking on their first housing development.

HAC’s loan funds support creation of subdivisions and new single- or multi-family housing units, preservation and rehabilitation of existing affordable housing including USDA RD Section 515 and 514 units, HUD-subsidized housing and naturally occurring affordable housing.

HAC funds are currently available to non-profit organizations and public entities as low as 6.5% interest (higher rates may apply to for-profit borrowers).

Title VI notice to borrowers

The Housing Assistance Council (HAC) does not discriminate against any person based on age, color, creed, disability, familial status, national origin, race, religion, sex or on any other basis legally prohibited by or protected by Federal or State law. We do not exclude anyone from participation in programs and services, or deny persons the benefits thereof, or subject anyone to discrimination on the grounds of race, color, national origin, sex, age, or disability. Questions, concerns, comments or requests for accommodation, whether from employees or clients, should be directed to hac@ruralhome.org.

To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.

What does HAC Loan Fund mean by “Rural”?

HAC invests in communities that are Rural by FHFA Duty to Serve Rural Definitions (Duty to Serve Data | Federal Housing Finance Agency (fhfa.gov) or USDA Housing Programs Eligibility (usda.gov)