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USDA Rural Development Obligations FY 17 – April

Download complete report (Through April FY 2017)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2017 USDA Rural Housing program obligations.

USDA operated under a Continuing Resolution (CR) through April 28, 2017 based on last year’s appropriation levels. Congress passed a final appropriations bill to keep the government operating through the end of September. The final spending bill increased funding for several USDA housing programs.

As of the end of April, USDA obligated 81,225 loans, loan guarantees, and grants totaling about $11.06 billion. This is about $2.08 billion more than obligation levels from the same time last year when there were 68,207 loans, loan guarantees, and grants obligated totaling about $8.98 billion

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $10.4 billion (72,862 loan guarantees) up from $8.5 billion (60,652) at the same time last year.

For the Section 502 Direct program, there have been over $484 million (3,588 loans), also up from $434.0 million (3,292 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 37.8 percent, exceeding the 30.7 percent VLI obligation level at the same time last year.

The Section 504 Repair and Rehabilitation programs obligated 1,818 loans representing $10.0 million. As in the other single family housing programs, loan volume was up from this time last year (1,511 loans representing $8.1 million.) There were also $17.3 million (2,845 grants) obligated in the Section 504 grant program compared to $16.3 million (2,642 grants) at the same time last year.

There were also 4 credit sales of Single Family properties totaling $346,100.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing obligated 46 loan guarantees totaling $85.4 million, up from 51 loan guarantees ($78.7 million.) In the Section 515 Rural Rental Housing program, there were 10 loans totaling $10.5 million obligated. There were also 13 MPR loans and 2 grants totaling $10.9 million and $53,200 respectively. There were no Section 515 loans and no MPR loans or grants at this time last year.

USDA obligated funds for 175,275 rental assistance units under the Section 521 Rental Assistance program totaling $794.5 million. This compares to about 209,931 units ($986.2 million) obligated same time last year. There were also 2,724 Rural Housing Vouchers totaling $10.4 million compared to 2,869 vouchers representing $10.7 million this time last year. The lower numbers for Rental Assistance and Rural Housing Vouchers likely reflects the limits of the CR funding available.

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 17 – March

Download complete report (Through March FY 2017)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2017 USDA Rural Housing program obligations.

USDA is operating under a Continuing Resolution (CR) which provides funding through April 28, 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 the CR expires.

As of the end of March, USDA obligated 69,689 loans, loan guarantees, and grants totaling about $9.51 billion. This is about $2.04 billion more than obligation levels from the same time last year when there were 56,760 loans, loan guarantees, and grants obligated totaling about $7.46 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $8.95 billion (62,513 loan guarantees) up from $7.0 billion (50,513) at the same time last year.

For the Section 502 Direct program, there have been over $429 million (3,179 loans), also up from $354.8 million (2,699 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 37.5 percent, exceeding the 30.4 percent VLI obligation level at the same time last year.

The Section 504 Repair and Rehabilitation programs obligated 1,535 loans representing $8.4 million. As in the other single family housing programs, loan volume was up from this time last year (1,250 loans representing $6.8 million.) There were also $14.4 million (2,370 grants) obligated in the Section 504 grant program compared to $13.6 million (2,213 grants) at the same time last year.

There were also 4 credit sales of Single Family properties totaling $346,100.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing obligated 39 loan guarantees totaling $71.1 million. In the Section 515 Rural Rental Housing program, there were 10 loans totaling $10.5 million obligated. There were also 13 MPR loans and 2 grants totaling $10.9 million and $53,200 respectively.

USDA obligated funds for 174,967 rental assistance units under the Section 521 Rental Assistance program totaling $793.4 million. This compares to about 207,855 units ($977.7 million) obligated same time last year. There were also 2,712 Rural Housing Vouchers totaling $10.4 million compared to 2,751 vouchers representing $10.4 million this time last year.

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 17 – February

Download complete report (Through February FY 2017)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2017 USDA Rural Housing program obligations.

USDA is operating under a Continuing Resolution (CR) which provides funding through April 28, 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 the CR expires.

As of the end of February, USDA obligated 56,869 loans, loan guarantees, and grants totaling about $7.76 billion. This is about $1.19 billion more than obligation levels from the same time last year when there were 44,976 loans, loan guarantees, and grants obligated totaling about $6.0 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $7.37 billion (51,519 loan guarantees) up from $5.68 billion (41,025 loan guarantees) at the same time last year.

For the Section 502 Direct program, there have been over $306.2 million (2,287 loans), also up from $283.2 million (2,163 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 38.3 percent, exceeding the 31.3 percent VLI obligation level at the same time last year.

The Section 504 Repair and Rehabilitation programs obligated 1,152 loans representing $6.2 million. As in the other single family housing programs, loan volume was up from this time last year (793 loans representing $4.4 million.) There were also $11.2 million (1,854 grants) obligated in the Section 504 grant program compared to $5.6 million (938 grants) at the same time last year.

So far this year, USDA obligated 4 Section 523 Self Help Housing Grants totaling $3.2 million and 4 contracts representing $1.5 million for a total of $4.7 million in Section 523 funding. There were also 3 credit sales of Single Family properties totaling $213,100.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing obligated 21 loan guarantees totaling $42.4 million. In the Section 515 Rural Rental Housing program, there were 6 loans totaling $4.63 million obligated. There were also 13 MPR loans and 2 grants totaling $10.9 million and $53,200 respectively.

USDA obligated funds for 174,858 rental assistance units under the Section 521 Rental Assistance program totaling $792.9 million. This compares to about 180,219 units ($861.8 million) obligated same time last year. There were also 2,333 Rural Housing Vouchers totaling $9.0 million compared to 2,210 vouchers representing $8.3 million this time last year.

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 17 – January

Download complete report (Through January FY 2017)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2017 USDA Rural Housing program obligations.

USDA is operating under a Continuing Resolution (CR) which provides funding through April 28, 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 the CR expires.

As of the end of January, USDA obligated 47,874 loans, loan guarantees, and grants totaling about $6.56 billion. This is about $1.57 billion more than obligation levels from the same time last year when there were 37,391 loans, loan guarantees, and grants obligated totaling about $4.99 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $6.25 billion (43,612 loan guarantees) up from $4.71 billion (34,009) at the same time last year.

For the Section 502 Direct program, there have been over $250 million (1,878 loans), also up from $224.5 million (1,714 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 38.6 percent, exceeding the 31.8 percent VLI obligation level at the same time last year.

The Section 504 Repair and Rehabilitation programs obligated 897 loans representing $4.9 million. As in the other single family housing programs, loan volume was up from this time last year (696 loans representing $3.8 million.) There were also $8.7 million (1,455 grants) obligated in the Section 504 grant program compared to $5.6 million (936 grants) at the same time last year.

There were also 3 credit sales of Single Family properties totaling $213,100.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing obligated 18 loan guarantees totaling $35.9 million. In the Section 515 Rural Rental Housing program, there were 5 loans totaling $3.44 million obligated. There were also 8 MPR loans and 2 grants totaling $6.2 million and $53,200 respectively.

USDA obligated funds for 128,653 rental assistance units under the Section 521 Rental Assistance program totaling $588.3 million. This compares to about 130,412 units ($629.6 million) obligated same time last year. There were also 1,593 Rural Housing Vouchers totaling $5.9 million compared to 1,627 vouchers representing $6 million this 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 523 Site Loans 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 17 – December

Download complete report (Through DECEMBER FY 2017)

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The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2017 USDA Rural Housing program obligations.

USDA is operating under a Continuing Resolution (CR) which provides funding through April 28, 2016 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 the CR expires.

As of the end of December, USDA obligated 37,497 loans, loan guarantees, and grants totaling about $5.18 billion. This is about $1.25 billion more than obligation levels from the same time last year when there were 29,561 loans, loan guarantees, and grants obligated totaling about $3.92 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $4.93 billion (34,412 loan guarantees) up from $3.7 billion (26,889) at the same time last year.

For the Section 502 Direct program, there have been over $196.6 million (1,492 loans), also up from $174.7 million (1,334 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 38.9 percent, exceeding the 31.5 percent VLI obligation level at the same time last year.

The Section 504 Repair and Rehabilitation programs obligated 687 loans representing $3.9 million. As in the other single family housing programs, loan volume was up from this time last year (543 loans representing $2.9 million.) There were also $5.3 million (878 grants) obligated in the Section 504 grant program compared to $4.6 million (776 grants) at the same time last year.

There were also 3 credit sales of Single Family properties totaling $213,000.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing obligated 17 loan guarantees totaling $35.1 million. In the Section 515 Rural Rental Housing program, there were 2 loans totaling $1.35 million obligated. There were also 6 MPR loans and grants totaling $3.07 million.

USDA obligated funds for 128,242 rental assistance units under the Section 521 Rental Assistance program totaling $586.2 million. This compares to about 107,298 units ($517.3 million) obligated same time last year. There were also 878 Rural Housing Vouchers totaling $3.2 million compared to 1,372 vouchers representing $5.1 million this 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 523 Site Loans 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 – September

Download complete report (Through SEPTEMBER 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 September, USDA obligated 132,493 loans, loan guarantees, and grants totaling about $17.76 billion. This is less than obligation levels from last year when there were 149,118 loans, loan guarantees, and grants obligated totaling about $19.89 billion.

Most of the programs were fully obligated this year.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $16.4 billion (116,684 loans) in loan guarantees. This is about $2.27 billion (17,571 loans) less than last year.

For the Section 502 Direct program, USDA obligated about $958.3 million (7,089 loans) in loan obligations in FY 2016; about $58.4 million (25 loans) higher than last year. Very low-income (VLI) loan obligations comprised 37.5 percent of the total Section 502 Direct loan dollars obligated this year. USDA obligated about $58.3 million more than the $900 million appropriated this year. The additional funds were used for low-income loans. Of these funds, $359.8 million were for VLI loans which represents about 40 percent of the $900 million appropriation amount.

The Section 504 Repair and Rehabilitation programs obligated 3,162 loans representing $17.4 million. This is 652 more loans or $2.3 million higher than last year. There were 5,010 Section 504 grants totaling about $30.7 million. This is $1.7 million (282 grants) more than obligated last year.

In the Section 523 Self-Help Housing grant program, the agency obligated 36 grants representing nearly $22.1 million and 5 national contracts totaling $6.4 million for a total of $28.5 million, 38 fewer grants and $9.9 million less than last year. Also, there have been 24 credit sale loans of Single Family properties totaling $1.9 million.

For the first time in a number of years, USDA obligated all of $5 million in appropriated funds for the Section 524 site loan program. There was also a $232,700 loan for the Section 523 site loan program as well.

Multi-Family Housing Programs

USDA obligated 119 Section 538 Guaranteed Rental Housing loans this year totaling $186.9 million. This represents 30 loans and over $73 million over last year’s totals.

For the Farm Labor Housing program, 20 loans for nearly $32.1 million and 11 grants ($15.7 million) have been obligated this year. Last year, there were 12 FLH loans and 5 grants representing about $19.3 million and $6.4 million respectively. There have also been 127 Multifamily Housing Preservation & Revitalization loans or grants ($96.1 million) obligated, a decrease of $9.5 million (22 loans or grants) over last year.

Section 521 Rental Assistance obligations reached $1.389 billion (301,792 units) in March. This is about $301.2 million more (56,793 more units) than last year.

There were 5,303 Rural Housing Voucher obligations representing $19.5 million, an increase of 834 units or $3.8 million higher than 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 523 Site Loans 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 – August

Download complete report (Through August 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 August, USDA obligated 121,462 loans, loan guarantees, and grants totaling about $16.25 billion. This is less than obligation levels from the same time last year when there were 133,150 loans, loan guarantees, and grants obligated totaling about $17.69 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $15.0 billion (107,185) in loan guarantees. This is about $1.77 billion (13,790) less than the same time last year.

For the Section 502 Direct program, there have been about $853.9 million (6,349 loans) in loan obligations so far in FY 2016; about $156.9 million (789 loans) more than the same time last year. Very low-income (VLI) loan obligations comprised 37.7 percent of the total Section 502 Direct loan dollars obligated so far this year. Last year at this time, 31.8 percent of the Section 502 Direct loan dollars obligated were for VLI loans.

The Section 504 Repair and Rehabilitation programs obligated 2,822 loans representing $15.4 million. This is 723 more loans or $3.1 million higher than this time last year. There were 4,637 Section 504 grants totaling about $28.4 million. This is $2.3 million (390 grants) more than obligated this time last year.

So far this year, USDA obligated 25 Section 523 grants totaling nearly $14.2 million and 5 national contracts totaling $6.4 for a total of $20.6 million, 14 fewer grants and $3.5 million less than this time last year. Also, there have been 22 credit sale loans of Single Family properties totaling $1.7 million.

Multi-Family Housing Programs

There have been 110 Section 538 Guaranteed Rental Housing loans obligated so far this year totaling $172.4 million. This represents 40 more loans and over $81.7 million more than this time last year.

For the Farm Labor Housing program, 16 loans for nearly $25.2 million and 9 grants ($14.4 million) have been obligated so far this year. This time last year, there were 5 FLH loans and 4 grants representing about $2.6 million and $4.9 million respectively. There have also been 102 Multifamily Housing Preservation & Revitalization loans or grants ($82.3 million) obligated, an increase of $49.3 million (51 loans or grants) over this time last year.

Section 521 Rental Assistance obligations reached $1.295 billion (282,279 units) in March. This is about $207 million more (37,838 more units) than this time last year.

There were 4,979 Rural Housing Voucher obligations representing $18.2 million, an increase of 863 units or $3.6 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 – July

Download complete report (Through July 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 July, USDA obligated 108,061 loans, loan guarantees, and grants totaling about $14.42 billion. This is less than obligation levels from the same time last year when there were 118,958 loans, loan guarantees, and grants obligated totaling about $15.8 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $13.3 billion (95,400) in loan guarantees. This is about $1.73 billion (13,215) less than the same time last year.

For the Section 502 Direct program, there have been nearly $770.0 million (5,728 loans) in loan obligations so far in FY 2016; about $204.2 million (1,180 loans) more than the same time last year. Very low-income (VLI) loan obligations comprised 34.8 percent of the total Section 502 Direct loan dollars obligated so far this year. Last year at this time, 32.2 percent of the Section 502 Direct loan dollars obligated were for VLI loans.

The Section 504 Repair and Rehabilitation programs obligated 2,417 loans representing $13.1 million. This is 621 more loans or $2.6 million higher than this time last year. There were 4,217 Section 504 grants totaling about $25.8 million. This is $2.5 million (418 grants) more than obligated this time last year.

So far this year, USDA obligated 23 Section 523 grants totaling nearly $13.3 million and 5 national contracts totaling $6.4 for a total of $19.7 million, 12 fewer grants and $2.9 million less than this time last year. Also, there have been 20 credit sale loans of Single Family properties totaling $1.6 million.

Multi-Family Housing Programs

There have been 79 Section 538 Guaranteed Rental Housing loans obligated so far this year totaling $142.4 million. This represents 44 more loans and over $95.0 million more than this time last year.

For the Farm Labor Housing program, 7 loans for nearly $5.2 million and 7 grants ($12.0 million) have been obligated so far this year. This time last year, there were 5 FLH loans and 4 grants representing about $2.0 million and $4.9 million respectively. There have also been 100 Multifamily Housing Preservation & Revitalization loans or grants ($81.7 million) obligated.

Section 521 Rental Assistance obligations reached $1.162 billion (252,792 units) in March. This is about $1.4 million more (9,155 more units) than this time last year.

There were 4,718 Rural Housing Voucher obligations representing $17.2 million, an increase of 931 units or $3.9 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 – June

Download complete report (Through June 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 June, USDA obligated 96,193 loans, loan guarantees, and grants totaling about $12.79 billion. This is less than obligation levels from the same time last year when there were 104,731 loans, loan guarantees, and grants obligated totaling about $13.9 billion.

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Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $11.8 billion (84,548) in loan guarantees. This is about $1.5 billion (11,545) less than the same time last year.

For the Section 502 Direct program, there have been nearly $723.3 million (5,364 loans) in loan obligations so far in FY 2016; about $251.9 million (1,536 loans) more than the same time last year. Very low-income (VLI) loan obligations comprised 31.5 percent of the total Section 502 Direct loan dollars obligated so far this year. Last year at this time, 32.0 percent of the Section 502 Direct loan dollars obligated were for VLI loans.

The Section 504 Repair and Rehabilitation programs obligated 2,165 loans representing $11.7 million. This is 706 more loans or $3.2 million higher than this time last year. There were 3,879 Section 504 grants totaling about $23.8 million. This is $4.4 million (711 grants) more than obligated this time last year.

So far this year, USDA obligated 18 Section 523 grants totaling nearly $11 million and 4 national contracts totaling $6.3 for a total of $17.3 million, 16 fewer grants and $725 thousand less than this time last year. Also, there have been 18 credit sale loans of Single Family properties totaling $1.4 million.

Multi-Family Housing Programs

There have been 76 Section 538 Guaranteed Rental Housing loans obligated so far this year totaling $137.2 million. This represents 41 more loans and nearly $90 million more than this time last year.

For the Farm Labor Housing program, 7 loans for nearly $5.2 million and 6 grants ($9.6 million) have been obligated so far this year. This time last year, there were 4 FLH loans and 3 grants representing about $1.3 million and $3.9 million respectively. There have also been 53 Multifamily Housing Preservation & Revitalization loans or grants ($46.6 million) obligated.

Section 521 Rental Assistance obligations reached $1.096 billion (237,179 units) in March. This is about $96.5 million more (12,495 more units) than this time last year.

There were 4,224 Rural Housing Voucher obligations representing $15.5 million, an increase of 803 units or $3.4 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 – May

Download complete report (Through May 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 April, USDA obligated 81,237 loans, loan guarantees, and grants totaling about $10.76 billion. This is less than obligation levels from the same time last year when there were 90,960 loans, loan guarantees, and grants obligated totaling about $12.1 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $10 billion (72,112) in loan guarantees. This is about $1.53 billion (11,582) less than the same time last year.

For the Section 502 Direct program, there have been nearly $536.7 million (4,040 loans) in loan obligations so far in FY 2016; about $152.2 million (911 loans) more than the same time last year. Very low-income (VLI) loan obligations comprised 30.7 percent of the total Section 502 Direct loan dollars obligated so far this year. Last year at this time, 32.7 percent of the Section 502 Direct loan dollars obligated were for VLI loans.

The Section 504 Repair and Rehabilitation programs obligated 1,804 loans representing $9.78 million. This is 554 more loans or $2.5 million higher than this time last year. There were 3,108 Section 504 grants totaling about $19 million. This is $2.3 million (373 grants) more than obligated this time last year.

So far this year, USDA obligated 16 Section 523 grants totaling $9.4 million and 4 national contracts totaling $6.3 for a total of $15.7 million. This is a similar total as this time last year. Also, there have been 16 credit sale loans of Single Family properties totaling $1.2 million.

Multi-Family Housing Programs

There have been 62 Section 538 Guaranteed Rental Housing loans obligated so far this year totaling $111.19 million. This represents 34 more loans and $70.5 million more than this time last year.

For the Farm Labor Housing program, 4 loans for $4.4 million and 5 grants ($9.2 million) have 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 31 Multifamily Housing Preservation & Revitalization loans or grants ($18 million) obligated.

Section 521 Rental Assistance obligations reached $1.095 billion (236,973 units) in March. This is about $109 million more (15,456 more units) than this time last year.

There were 3,672 Rural Housing Voucher obligations representing $13.7 million, an increase of 625 units or $2.96 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.