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USDA RD Historic Activity through FY 2018

FMHA/RHS Programs that Construct, Purchase, or Repair Rural Housing Units

— Historic Activity through FY 2018

The Housing Assistance Council has tracked USDA Rural Housing activity for the agency’s Single Family Housing and Multifamily Housing for many years. The Historic Activity report provides data for the number of housing units funded by fiscal year for each of the programs since program inception. The data includes:

  • USDA Programs Which Construct, Purchase or Repair Rural Housing Units
  • Section 502 Direct Homeownership Loan Program Totals, FY 1950 – 2018
  • Section 502 Guaranteed Loan Program Totals, FY 1977 – 2018
  • Section 502 Self-Help Program Total, FY 1966 – 2018
  • Section 504 Very Low-Income Repair Program Totals, FY 1950 – 2018
  • Section 514/516 Farm Labor Housing Loans and Grants, FY 1962 – 2018
  • Section 515 Rural Rental Housing Program Totals, FY 1963 – 2018
  • Section 533 Housing Preservation Grant Program Totals, FY 1986 – 2018
  • Section 538 Guaranteed Multi-Family Housing Loan Program Totals, FY 1996 – 2018
  • Section 521 Rental Assistance Program Totals, FY 1978 – 2018
  • Section 542 Multifamily Housing Voucher Totals, FY 2006 – 2018

These data are updated annually.

USDA Rural Development Obligations FY 18 – September

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2018 USDA Rural Housing program obligations.

As of the end of September, USDA obligated 131,485 loans, loan guarantees, and grants totaling about $18.4 billion. This is about $2.2 million less than obligation levels from the same time last year when there were 149,860 loans, loan guarantees, and grants obligated totaling about $20.7 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $16.8 billion (115,864 loan guarantees) down from $19.3 billion (134,071) at the same time last year.

For the Section 502 Direct program, there have been about $1.1 billion (7,199 loans), up from $999.99 million (7,187 loans) in loan obligations this time last year. Very low-income (VLI) loan obligations as a percentage of the total Section 502 Direct loan dollars was 32.8 percent, down from 38.1 percent this time last year.

The Section 504 Repair and Rehabilitation programs obligated 3,225 loans representing $19.8 million. There were fewer loans than this time last year (3,431 loans) but more dollars obligated ($19.6 million.) There were also $28.2 million (4,585 grants) obligated in the Section 504 grant program compared to $28.9 million (4,763 grants) at the same time last year.

USDA’s Section 523 Self Help Housing Grant program funded 45 grants and contracts totaling $34.8 million less than this time last year at this time when funding totaled $36.6 million.

USDA has also funded 14 credit sales representing $1,591,104.

Multifamily Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 132 loan guarantees totaling $185.7 million, up from 106 loan guarantees ($177.0 million.) In the Section 515 Rural Rental Housing program, there were 35 loans totaling $42.6 million obligated compared to 31 loans totaling $35.0 million this time last year. There were also 186 MPR loans and 2 grants totaling $116.0 million and $251,260 respectively, compared to 33 loans ($26.8 million) and 3 grants ($102,561) this time last year.

USDA obligated funds for 268,514 rental assistance units under the Section 521 Rental Assistance program totaling $1.35 billion. This compares to about 302,451 units ($1.37 billion) obligated same time last year. There were also 6,353 Rural Housing Vouchers totaling $26.7 million compared to 5,609 vouchers representing $22.0 million this time last year.

In the Farm Labor Housing programs, 19 loans and 12 grants have been funded totaling $35.5 million and $17.2 million, respectively. Last year, there were 21 loans and 6 grants funded representing $34.9 million and $8.2 million.

There were also 143 Section 533 Housing Preservation grants totaling $10.8 million compared to 107 grants last year totaling $4.9 million.

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 FY 18 – August

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2018 USDA Rural Housing program obligations.

As of the end of August, USDA obligated 107,385 loans, loan guarantees, and grants totaling about $14.97 billion. This is about $1.73 billion less than obligation levels from the same time last year when there were 121,655 loans, loan guarantees, and grants obligated totaling about $16.71 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $13.92 billion (95,949 loan guarantees) up from $15.71 billion (109,516) at the same time last year.

For the Section 502 Direct program, there have been over $822.2 million (5,426 loans), also down from $771.4 million (5,596 loans) in loan obligations this time last year. Very low-income (VLI) loan obligations as a percentage of the total Section 502 Direct loan dollars was 33.5 percent, down from 36.8 percent at the same time last year.

The Section 504 Repair and Rehabilitation programs obligated 2,386 loans representing $14.6 million. As in the other single family housing programs, loan volume was down from this time last year (2,605 loans representing $14.6 million.) There were also $21.1 million (3,428 grants) obligated in the Section 504 grant program compared to $22.8 million (3,774 grants) at the same time last year.

Obligations in the Mutual Self-Help program totaled 23 grants and contracts totaling $18 million compared to 26 grants and contracts totaling $20.3 million last year.

USDA has also funded 14 credit sales representing $1,591,104.

Multifamily Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 98 loan guarantees totaling $125.3 million, up from 71 loan guarantees ($121.6 million.) In the Section 515 Rural Rental Housing program, there were 16 loans totaling $19.6 million obligated compared to 10 loans totaling $10.5 million this time last year. There were also 15 MPR loans and 2 grants totaling $10.5 million and $251,260 respectively, compared to 30 loans ($21.4 million) and 2 grants ($53,220) this time last year.

In the Farm Labor Housing program, there were 6 loans ($8.5 million) and 4 grants ($7.9 million) compared to 7 loans ($10.7 million) and no grants at this time last year. One Housing Preservation Grant has been obligated ($21,417) versus none last year.

USDA obligated funds for 193,148 rental assistance units under the Section 521 Rental Assistance program totaling $950.6 million. This compares to about 194,472 units ($1.093 billion) obligated same time last year. There were also 5,526 Rural Housing Vouchers totaling $23.2 million compared to 5,011 vouchers representing $19.8 million this time last year.

There were no other obligations for Multi-Family Housing programs in November.

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 FY 18 – July

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2018 USDA Rural Housing program obligations.

As of the end of July, USDA obligated 107,385 loans, loan guarantees, and grants totaling about $14.97 billion. This is about $1.73 billion less than obligation levels from the same time last year when there were 121,655 loans, loan guarantees, and grants obligated totaling about $16.71 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $13.92 billion (95,949 loan guarantees) down from $15.71 billion (109,516) at the same time last year.

For the Section 502 Direct program, there have been over $822.2 million (5,426 loans), also down from $771.4 million (5,596 loans) in loan obligations this time last year. Very low-income (VLI) loan obligations as a percentage of the total Section 502 Direct loan dollars was 33.5 percent, down from 36.8 percent at the same time last year.

The Section 504 Repair and Rehabilitation programs obligated 2,386 loans representing $14.6 million. As in the other single family housing programs, loan volume was down from this time last year (2,605 loans representing $14.6 million.) There were also $21.1 million (3,428 grants) obligated in the Section 504 grant program compared to $22.8 million (3,774 grants) at the same time last year.

Obligations in the Mutual Self-Help program totaled 23 grants and contracts totaling $18 million compared to 26 grants and contracts totaling $20.3 million last year.

Multifamily Housing Program Highlights

USDA’s Section 538 Multifamily Housing obligated 98 loan guarantees totaling $125.3 million, up from 71 loan guarantees ($121.6 million.) In the Section 515 Rural Rental Housing program, there were 16 loans totaling $19.6 million obligated compared to 10 loans totaling $10.5 million this time last year. There were also 15 MPR loans and 2 grants totaling $10.5 million and $251,260 respectively, compared to 30 loans ($21.4 million) and 2 grants ($53,220) this time last year.

In the Farm Labor Housing program, there were 6 loans ($8.5 million) and 4 grants ($7.9 million) compared to 7 loans ($10.7 million) and no grants at this time last year. One Housing Preservation Grant has been obligated ($21,417) versus none last year.

USDA obligated funds for 193,148 rental assistance units under the Section 521 Rental Assistance program totaling $950.6 million. This compares to about 194,472 units ($1.093 billion) obligated same time last year. There were also 5,526 Rural Housing Vouchers totaling $23.2 million compared to 5,011 vouchers representing $19.8 million this time last year.

There were no other obligations for Multi-Family Housing programs in July.

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 FY 18 – November

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2018 USDA Rural Housing program obligations.

USDA is operating under a Continuing Resolution (CR) which provides funding through December 8, 2017 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 that date.

As of the end of November, USDA obligated 22,653 loans, loan guarantees, and grants totaling about $3.13 billion. This is about $352.7 million less than obligation levels from the same time last year when there were 25,139 loans, loan guarantees, and grants obligated totaling about $3.48 billion. Obligations are likely lower due to the timing for funding the apportionment to the agency.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $2.97 billion (20,572 loan guarantees) down from $3.34 billion (23,297) at the same time last year.

For the Section 502 Direct program, there have been over $131.4 million (909 loans), also down from $106.7 million (800 loans) in loan obligations this time last year. Very low-income (VLI) loan obligations as a percentage of the total Section 502 Direct loan dollars was 35.2 percent.

The Section 504 Repair and Rehabilitation programs obligated 425 loans representing $2.4 million. As in the other single family housing programs, loan volume was down from this time last year (458 loans representing $2.6 million.) There were also $4.5 million (730 grants) obligated in the Section 504 grant program compared to $3.4 million (564 grants) at the same time last year.

USDA has also funded 3 credit sales representing $482,278.

There were no other obligations for Single Family Housing programs in November.

Multi-Family Housing Programs.

USDA’s Section 538 Multifamily Housing obligated 8 loan guarantees totaling $10.9 million, down from 10 loan guarantees ($25.6 million.) In the Section 515 Rural Rental Housing program, there were 2 loans totaling $3.2 million obligated compared to 2 loans totaling $1.4 million this time last year. There were also 4 MPR loans and 1 grant totaling $2.7 million and $15,400 respectively, compared to 5 loans ($3.0 million) and 1 grants ($27,040) this time last year.

USDA obligated funds for 51,709 rental assistance units under the Section 521 Rental Assistance program totaling $261.8 million. This compares to about 58,918 units ($263.7 million) obligated same time last year. There were also 820 Rural Housing Vouchers totaling $3.4 million compared to 723 vouchers representing $2.7 million this time last year.

There were no other obligations for Multi-Family Housing programs in November.

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 FY 18 – October

DOWNLOAD COMPLETE REPORT (THROUGH OCTOBER FY 2018)
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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2018 USDA Rural Housing program obligations.

USDA is operating under a Continuing Resolution (CR) which provides funding through December 8, 2017 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 that date.

As of the end of October, USDA obligated 10,832 loans, loan guarantees, and grants totaling about $1.55 billion. This is about $124.9 million less than obligation levels from the same time last year when there were 12,053 loans, loan guarantees, and grants obligated totaling about $1.68 billion. Obligations are likely lower due to the timing for fund apportionment to the agency.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $1.5 billion (10,366 loan guarantees) down from $1.6 billion (11,678) at the same time last year.

For the Section 502 Direct program, there have been over $55.1 million (394 loans), also up from $38.2 million (302 loans) in loan obligations this time last year. Very low-income (VLI) loan obligations as a percentage of the total Section 502 Direct loan dollars was 36.2 percent.

The Section 504 Repair and Rehabilitation programs obligated 66 loans representing $385,836. As in the other single family housing programs, loan volume was up from this time last year (66 loans representing $433,590.) No grants were obligated in October.

There were no other obligations for Single Family Housing programs in October.

Multi-Family Housing Programs.

USDA obligated 188 Rural Housing Vouchers totaling $762,506. There were no vouchers were obligated in October last year. There were also 3 MPR loans ($1.9 million) and 1 MPR grant (27,040.)

There were no other obligations for Multi-Family Housing programs 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.