Tag Archive for: fy 2015

USDA Rural Development Obligations FY 16 – March

Download complete report (Through March FY 2016)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2016 USDA Rural Housing program obligations.

As of the end of March, USDA obligated 56,760 loans, loan guarantees, and grants totaling about $7.46 billion. This is less than obligation levels from the same time last year when there were 67,388 loans, loan guarantees, and grants obligated totaling about $8.9 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $7.0 billion (50,513) in loan guarantees. This is about $1.59 billion (11,896) less than the same time last year.

For the Section 502 Direct program, there have been nearly $355 million (2,699 loans) in loan obligations so far in FY 2016; about $105.2 million (635 loans) more than the same time last year. Very low-income (VLI) loan obligations comprised 30.4 percent of the total Section 502 Direct loan dollars obligated so far this year. Last year at this time, 33.6 percent of the Section 502 Direct loan dollars obligated were for VLI loans.

The Section 504 Repair and Rehabilitation programs obligated 1,250 loans representing $6.75 million. This is 374 more loans or $1.7 million higher than this time last year. There were 2,213 Section 504 grants totaling about $13.6 million. This is $1.6 million (248 grants) more than obligated this time last year.

So far this year, USDA obligated 2 Section 523 grants totaling $1.3 million and 12 credit sale loans of Single Family properties totaling $859,477.

Multi-Family Housing Programs

There have been 47 Section 538 Guaranteed Rental Housing loans obligated so far this year totaling $75.3 million. This represents 21 more loans and $38.4 million more than this time last year.

For the Farm Labor Housing program, one loan for $2.2 million has been obligated so far this year. This time last year, there were 4 FLH loans and 2 grants representing about $1.3 million and $2 million respectively. There have also been 3 Multifamily Housing Preservation & Revitalization loans ($1.6 million) obligated.

Section 521 Rental Assistance obligations reached $977.2 million (207,855 units) in March. This is about $218 million (37,203 units) higher than this time last year.

There were 2,751 Rural Housing Voucher obligations representing $10.4 million, an increase of 330 units or $1.9 million higher than the same time last year.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant Obligations
Section 524 Site Loans Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 16 – February

Download complete report (Through February FY 2016)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2016 USDA Rural Housing program obligations.

As of the end of February, USDA obligated 44,974 loans, loan guarantees, and grants totaling about $6.03 billion. This is less than obligation levels from the same time last year when there were 55,738 loans, loan guarantees, and grants obligated totaling about $7.4 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $5.7 billion (41,025) in loan guarantees. This is about $1.48 billion (11,129) less than the same time last year.

For the Section 502 Direct program, there have been over $283 million (2,163 loans) in loan obligations so far in FY 2016; about $105.8 million (667 loans) more than the same time last year. Very low-income (VLI) loan obligations comprised 31.29 percent of the total Section 502 Direct loan dollars obligated so far this year.

The Section 504 Repair and Rehabilitation programs obligated 793 loans representing $4,442,681. This is 119 more loans or $750,846 higher than this time last year. There were 938 Section 504 grants totaling $5.55 million. This is $2.6 million (431 grants) fewer than obligated this time last year.

So far this year, USDA obligated 2 Section 523 grants totaling $1.3 million and 9 credit sale loans of Single Family properties totaling $619,192.

Multi-Family Housing Programs

Section 521 Rental Assistance obligations reached $861.7 million (180.219 units) in November. This is about $103 million (9,540 units) higher than this time last year.

There were 2,210 Rural Housing Voucher obligations representing $8,294,560, an increase of 361 units or $1.8 million higher than the same time last year.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant Obligations
Section 524 Site Loans Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 16 – October

Download complete report (Through October FY 2016)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2016 USDA Rural Housing program obligations.

USDA is operating under a Continuing Resolution (CR) which provides funding through December 11, 2015 based on last year’s appropriation levels. Congress will need to pass a final appropriations bill or another CR to keep the government operating after December 11.

As of the end of October, USDA obligated 9,350 loans, loan guarantees, and grants totaling about $1.27 billion. This is somewhat less than obligation levels from the same time last year when there were 13,763 loans, loan guarantees, and grants obligated totaling about $1.85 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $1.2 billion (9,084) in loan guarantees. Obligations for October FY 2015 were about $1.85 billion (13,339 loan guarantees).

For the Section 502 Direct program, there have been over $28.7 million (214 loans) in loan obligations so far in FY 2016; this about three times as many loans as this time last year. Very low-income (VLI) loan obligations as a percentage of the total Section 502 Direct loan dollars was 28.39 percent.

The Section 504 Repair and Rehabilitation programs obligated 50 loans representing $319,932. Loan volume was about half of what it was last October. No grants were obligated in October. This is likely because funds for grants had yet been apportioned to the agency.

Other than a couple of credit sales of USDA inventory homes, there were no other obligations for Single Family Housing programs in October.

Multi-Family Housing Programs

There were five (5) loan obligations in the Multi-Family Housing Preservation Demonstration program totaling $10.27 million. This program is not included in the summary table as there is limited information available.

The only other MFH obligations in October were in the Section 521 Rental Assistance program. Rental assistance obligations were higher than they were last October. There were about 78 thousand RA units funded at over about $383 million. This compares to about 46 thousand units at $207 million last year.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant Obligations
Section 524 Site Loans Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 15 – September

Download complete report (Through September FY 2015)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year (FY) 2015 USDA Rural Housing program obligations.

As of the end of September, USDA obligated 149,108 loans, loan guarantees, and grants totaling about $19.9 billion. This is $312 million less and 4,743 fewer (in number) obligations than the same time last year. About 94 percent of the total loan and grant dollars obligated represent Section 502 Guaranteed loans.

USDA also obligated 249,468 units of tenant assistance representing over $1.1 billion through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. This represents about $19.96 million or 7,051 fewer units than this time last year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $18.6 billion (134,255) in loan guarantees. Obligations increased by over $1.8 billion (13,280 loans) over last month but overall volume was about $428 million (about 2.2 percent) less than last year.

For the Section 502 Direct program, obligations increased to about $899.8 million (7,064 loans). This represents an increase over last month of about $202 million (1,504 loans). Funds in the Section 502 direct program were fully obligated for the first time in three years. Very low-income loans as a percentage of the total dollars obligated for the program remained at 31.8 percent. When viewed as a percentage of the number of loans obligated, very low-income loans comprise 35.7 percent of the total number of loans obligated.

The Section 504 Repair and Rehabilitation programs obligated 2,510 loans representing $15.1 million and 4,728 grants representing $29 million.

Multi-Family Housing Programs

The Section 538 loan guarantee program increased to 89 obligations totaling $113.9 million. Obligations in the Section 515 Rural Rental Housing program increased to 26 loans and $28.3 million. Section 514/516 Farm Labor Housing loans and grants increased to $19 million for loans and $6.4 million for grants.

Section 521 Rental Assistance obligations total 244,999 units representing $1.09 billion. Section 542 vouchers totaled 4,469 units representing $15.6 million.

Not included in the summary tables is the MFH Preservation Demonstration program. There were five this year totaling $10,271,711. Over the previous two fiscal years, the agency made one loan each year for about $1 million. Data on where the loans were made is not available.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant ObligationsSection 502 Guaranteed Homeownership Obligations
Section 524 Site Loans Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 15 – August

Download complete report (Through August FY 2015)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year (FY) 2015 USDA Rural Housing program obligations.

As of the end of August, USDA obligated 133,150 loans, loan guarantees, and grants totaling about $17.7 billion. This is $82 million less and 2,696 fewer (in number) obligations than the same time last year. Nearly 95 percent of the total loan and grant dollars obligated represent Section 502 Guaranteed loans.

USDA also obligated 248,557 units of tenant assistance representing over $1.1 billion through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. This represents about $7.8 million or 4,834 fewer units than this time last year.

Most of the Rural Housing program obligations are ahead (in terms of dollars obligated) of where they were at the end of August last year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $16.8 billion (120,975) in loan guarantees. Obligations increased by over $1.7 billion (12,360 loans) over last month.

For the Section 502 Direct program, there were about $697.0 million (5,560 loans). Obligations increased over last month by over $131 million (1,012 loans). Very low-income loans as a percentage of the total dollars obligated for the program decreased to 31.8 percent. When viewed as a percentage of the number of loans obligated, very low-income loans comprise 35.7 percent of the total number of loans obligated. [NOTE: As of September 23, 2015, funds for the Section 502 Direct program have been fully obligated.]

The Section 504 Repair and Rehabilitation programs obligated 2,099 loans representing $12.3 million and 4,247 grants representing $26.0 million.

Multi-Family Housing Programs

The Section 538 loan guarantee program increased to 70 obligations totaling $90.7 million. Obligations in the Section 515 Rural Rental Housing program increased to 12 loans and $9.6 million. Section 514/516 Farm Labor Housing loans and grants remained the same.

Section 521 Rental Assistance obligations total 244,441 units representing $1.09 billion. Section 542 vouchers totaled 4,116 units representing $14.6 million.

Not included in the summary tables is the MFH Preservation Demonstration program. There were two loans so far this year totaling $4,250,000. Over the previous two fiscal years, the agency made one loan each year for about $1 million. Data on where the loans were made is not available.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant ObligationsSection 502 Guaranteed Homeownership Obligations
Section 524 Site Loans Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 15 – July

Download complete report (Through July FY 2015)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year (FY) 2015 USDA Rural Housing program obligations.

As of the end of July, USDA obligated 118,962 loans, loan guarantees, and grants totaling about $15.8 billion. This is $1.4 million more but 1,797 fewer (in number) obligations than the same time last year. Over 95 percent of the total loan and grant dollars obligated represent Section 502 Guaranteed loans.

USDA also obligated 247,424 units of tenant assistance representing nearly $1.1 billion through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. This represents about $41.9 million or 6,138 fewer units than this time last year.

Most of the Rural Housing program obligations are ahead (in terms of dollars obligated) of where they were at the end of July last year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $15.1 billion (108,615) in loan guarantees. Obligations increased by nearly $1.8 billion (12,522 loans) over last month.

For the Section 502 Direct program, there have been about $565.8 million (4,548 loans). Obligations increased over last month by about $94 million (720 loans). Very low-income loans as a percentage of the total dollars obligated for the program decreased to 32.2 percent. When viewed as a percentage of the number of loans obligated, very low-income loans comprise 36.0 percent of the total number of loans obligated.

The Section 504 Repair and Rehabilitation programs obligated 1,796 loans representing $10.5 million and 3,799 grants representing $23.3 million.

Multi-Family Housing Programs

The Section 538 loan guarantee program increased to 41 obligations totaling $56.3 million. There were also small increases in obligations for Section 515 Rural Rental Housing loans and Section 514/516 Farm Labor Housing loans and grants.

Section 521 Rental Assistance obligations total 243,637 units representing $1.08 billion. Section 542 vouchers totaled 3,787 units representing $13.3 million.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant ObligationsSection 502 Guaranteed Homeownership Obligations
Section 524 Site Loans Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 15 – June

Download complete report (Through June FY 2015)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year (FY) 2015 USDA Rural Housing program obligations.

As of the end of June, USDA obligated 104,729 loans, loan guarantees, and grants totaling about $13.9 billion. This is $184 million more but 487 fewer (in number) obligations than the same time last year. Nearly 96 percent of the total loan and grant dollars obligated represent Section 502 Guaranteed loans.

USDA also obligated 224,684 units of tenant assistance representing over $1 billion through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. This represents about $25.9 million or 8,753 fewer units than this time last year.

Most of the Rural Housing program obligations are ahead (in terms of dollars obligated) of where they were at the end of June last year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $13.3 billion (96,093) in loan guarantees. Obligations increased by nearly $1.7 billion (12,399 loans) over last month.

For the Section 502 Direct program, there have been about $471 million (3,828 loans). Obligations increased over last month by about $87 million (699 loans). Very low-income loan obligations as a percentage of the total dollars obligated for the program increased to 32.9 percent. This slight increase in the percent of very low-income dollars obligated reverses a slow but steady decline in the rate of such obligations over the course of the FY. When viewed as a percentage of the number of loans obligated, very low-income loans comprise 36.5 percent of the total number of loans obligated.

The Section 504 Repair and Rehabilitation programs obligated 1,459 loans representing $8.5 million and 3,168 grants representing $19.4 million.

Multi-Family Housing Programs

The Section 538 loan guarantee program remained at 28 obligations totaling $40.7 million.

Section 521 Rental Assistance obligations total 224,684 units representing $999.9 million. Section 542 vouchers totaled 3,421 units representing $12.1 million.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 15 – May

Download complete report (Through May FY 2015)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year (FY) 2015 USDA Rural Housing program obligations.

As of the end of May, USDA obligated 90,957 loans, loan guarantees, and grants totaling about $12.1 billion. This is $268 million or 312 more obligations than the same time last year. Nearly 96 percent of the dollars obligated represent Section 502 Guaranteed loans.

USDA also obligated 224,555 units of tenant assistance representing nearly $997 million through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. This represents about $45.7 million or 7,110 more units than this time last year.

Nearly all of the Rural Housing program obligations are ahead of where they were at the end of May last year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $11.6 billion (83,694) in loan guarantees. Obligations increased by nearly $1.5 billion (10,595 loans) over last month.

For the Section 502 Direct program, there have been about $384 million (3,129 loans). Obligations increased over last month by about $61.3 million (483 loans). Very low-income loan obligations as a percentage of the total dollars obligated for the program decreased to 32.7 percent of the total dollars obligated. When viewed as a percentage of the number of loans obligated, very low-income loans comprise 36.5 percent of the total number of loans obligated. There has been a slow but steady decline in the rate of VLI obligations over the course of the FY.

The Section 504 Repair and Rehabilitation programs obligated 1,250 loans representing $7.3 million and 2,735 grants representing $16.7 million.

Multi-Family Housing Programs

The Section 538 loan guarantee program remained at 28 obligations totaling $40.7 million.

Section 521 Rental Assistance obligations total 221,508 units representing $985.9 million. Section 542 vouchers totaled 3,047 units representing $10.7 million.*

* Note that last month’s report contained a typo. There were $9.5 million in Section 542 voucher obligations.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 15 – April

Download complete report (Through April FY 2015)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2015 USDA Rural Housing program obligations.

As of the end of April, USDA obligated 79,277 loans, loan guarantees, and grants totaling about $10.5 billion. This is $531 million or 2,501 more obligations than the same time last year. Over 96 percent of the dollars obligated represent Section 502
Guaranteed loans.

USDA also obligated 223,844 units of tenant assistance representing $994 million through the combined total of the Section 521 Rental Assistance and the Section 542
Rural Housing Voucher programs. This represents about $63.3 million or 10,689 more units than this time last year.

Nearly all of the Rural Housing program obligations are ahead of where they were at the end of April last year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $10.1 billion (73,099) in loan guarantees. Obligations increased by
$1.5 billion (10,690 loans) over last month.

For the Section 502 Direct program, there have been about $323 million (2,646 loans). Obligations increased over last month to about $73.6 million (582 loans). Very low- income loan obligations as a percentage of the total dollars obligated for the program decreased to 32.9 percent of the total dollars obligated. When viewed as a percentage of the number of loans obligated, very low-income loans comprise 36.8 percent of the total number of loans obligated.

The Section 504 Repair and Rehabilitation programs obligated 1,065 loans representing
$6.1 million and 2,356 grants representing $14.4 million.

Multi-Family Housing Programs

The Section 538 loan guarantee program increased to 28 obligations totaling $40.7 million.*

Section 521 Rental Assistance obligations total 221,146 units representing $984.3 million. Section 542 vouchers totaled 2,698 units representing $19.5 million.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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 FY 15 – March

Download complete report (Through March FY 2015)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2015 USDA Rural Housing program obligations.

As of the end of March, USDA obligated 67,388 loans, loan guarantees, and grants totaling about $8.9 billion. This is $1.5 billion or 11,650 more obligations than the same time last year. Over 88 percent of the obligations represent Section 502 Guaranteed loans.

USDA also obligated 173,073 units of tenant assistance representing $767 million through the combined total of the Section 521 Rental Assistance and the Section 542 Rural Housing Voucher programs. This represents about $16.8 million or 6,493 fewer units than this time last year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $8.6 billion (62,409) in loan guarantees. Obligations increased by $1.4 billion (10,255 loans) over last month. This is a significant increase over the average monthly obligations of about $1.1 billion (8,000 loans) for the last several months.

For the Section 502 Direct program, there have been about $177 million (1,496 loans). Obligations increased over the last several months to about $72 million (568 loans) for the month. Very low-income loan obligations as a percentage of the total dollars obligated for the program decreased slightly to 33.6 percent of the total dollars obligated. When viewed as a percentage of the number of loans obligated, very low-income loans comprise 37.5 percent of the total number of loans obligated. One reason for this is that the average loan amount for a low-income borrower has been higher than the average loan for a very low-income borrower. In an effort to stimulate loan obligations for the program, USDA provided its field offices a temporary authorization to obligate loans subject to appraisals and also relaxed certain criteria related to refinancing non-agency existing debt.

The Section 504 Repair and Rehabilitation programs obligated 876 loans representing $5.0 million and 1,965 grants representing $12 million. Section 504 activity was a little higher than it was last month for grants but a little lower for loans.

Multi-Family Housing Programs

The Section 538 loan guarantee program increased to 26 obligations totaling $36.9 million.*

Section 521 Rental Assistance obligations total 170,652 units representing $758.8 million* There was a slight decrease in obligations from last month likely from de-obligations of funds by several states and small or no obligations in others. Section 542 vouchers totaled 2,421 units representing $8.5 million, which is $2.1 million or 572 more obligations than this time last year.

*Note that corrections have been made to last month’s reports due to typographic errors regarding Section 538 loans and Rental Assistance obligations.

Download the combined document.

Individual Program Files

Summary Files

Summary of Rural Development Obligations
Summary Data of Rural Development Obligations Compared to Previous Year
Summary Data of Rural Development Obligations Compared to Previous Month
Summary Chart of Rural Development Obligations
USDA Rural Development Eligible Areas

Single Family Housing Program Obligations

Section 502 Direct Homeownership Total Obligations
Section 502 Direct Homeownership Low and Very Low Obligations
Section 502 Guaranteed Homeownership Obligations
Section 504 Total Home Rehab Obligations
Section 523 Self-Help Technical Assistance Grant Obligations

Multi-Family Housing Program Obligations

Section 514/516 Farm Labor Housing Obligations
Section 515 Rental Housing Obligations
Section 521 Rental Assistance Obligations
Section 533 Housing Preservation Obligations
Section 538 Guaranteed Rental Obligations
Multifamily Housing Tenant Voucher Obligations
Multifamily Housing Revitalization Demonstration Program

Unallocated Program Obligations

Section 306 Water/Wastewater Grant Obligations
Section 509 Compensation for Construction Defects
Multifamily and Single-family Housing Credit Sales

* 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.