single family housing Archives

USDA Rural Development Housing Activity Report - FY 2023

USDA Rural Development Housing Activity Report – Fiscal Year 2023

January 10, 2024/in Information Products, Rural Research Reports, USDA Information and Data, USDA RD Annual Obligations Rural Data, U.S. Department of Agriculture

Since the 1950s, the United States Department of Agriculture (USDA) has provided financial assistance for the construction, repair, and affordability of millions of homes for low- and moderate-income rural residents. USDA accomplishes this activity through its Rural Development (RD) agency. In Fiscal Year (FY) 2023, USDA obligated roughly 65,500 loans, loan guarantees, and grants totaling about $10.6 billion, and over $1.5 billion in Rental Assistance to approximately 228,000 rural renters. The Housing Assistance Council (HAC) presents a review of most USDA housing resources obligated in Fiscal Year 2023 and their historical trends.

Download the document.

HAC President & CEO, David Lipsetz, testifies in front of the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development

HAC’s CEO Testifies to Senate Banking Subcommittee on Rural Housing Reforms

May 2, 2023/in Advocacy, HAC in the News, News, Policy, Rural News Homeowner Housing, Housing Affordability, Rental Housing, U.S. Department of Agriculture

HAC was honored to be invited to testify on May 2, 2023 before the Housing, Transportation, and Community Development Subcommittee of the U.S. Senate Committee on Banking, Housing, and Urban Affairs to discuss commonsense, bipartisan reforms to the U.S. Department of Agriculture’s Rural Housing Service (RHS) programs. HAC’s President & CEO, David Lipsetz, was one of five witnesses on the hearing panel.

The hearing was held to discuss the bipartisan Rural Housing Service Reform Act of 2023, which has been introduced by Subcommittee Chairwoman Tina Smith (D-MN) and Senator Mike Rounds (R-SD). The RHS Reform Act includes a slate of provisions to improve the multifamily, single-family, and capacity building programs at RHS. Senators Smith and Rounds engaged deeply with stakeholders on the creation of the bill, including offering a call for policy recommendations in the summer of 2022. HAC’s response to that comment opportunity can be seen here. We were thrilled to see many of our recommendations included in the bill, and applaud Senators Smith and Rounds on their thoughtful engagement with stakeholders and their commitment to improving the RHS programs.

Highlights from the RHS Reform Act include:

Multifamily
- Authorizing the Multifamily Preservation and Revitalization (MPR) program and Multifamily Preservation Technical Assistance Program
- Allowing for the decoupling of a Section 515 mortgage and Section 521 Rental Assistance
- Allowing Section 542 rural vouchers to be adjusted based on changes in tenant income
- Streamlining the process for Section 515 nonprofit transfers and increasing the Section 515 nonprofit set aside
Single Family
- Establishing the Native CDFI Section 502 relending program
- Increasing the threshold for the mortgage requirement on a Section 504 home rehab loan from $7,500 to $15,000
- Extending the loan term for a Section 502 loan up to 40 years
Capacity Building
- Authorizing the Rural Community Development Initiative (RCDI) and waiving the matching funds requirement for groups working in areas of persistent poverty
- Requiring RHS to publish more data on their housing programs
- Authorizing funding for much needed technology upgrades at RHS

Watch the Recording Read David’s Testimony HAC’s 2023 Policy Priorities

News Coverage

“Rural housing crunch ‘ripe and ready’ for legislative fix, lawmakers say” – The Hill

USDA Rural Housing Program Funding Activity Year End Report FY 2014

June 30, 2015/in USDA RD Annual Obligations

Fiscal Year (FY) 2014 USDA Rural Housing Program Funding Activity Year End Report

The Housing Assistance Council tabulated data using the USDA Finance Office obligation reports (USDA/Rural Development report code 205c, d and f) and data from the USDA Single Family Housing and Multifamily Housing Divisions in the National Office. The comprehensive report includes tables and maps showing obligation data by program and by State. The report also includes data by fiscal year for each of the programs since program inception.

This document is available by its individual chapters or as one large compiled document. The compilation document is formatted to print as double-sided pages for printers that are able to print on both sides of the paper. Each chapter starts with a divider page which is intentionally blank to maintain consistency throughout the document.

2015, 164 pages

Download the Full Report
Executive summary

USDA Rural Development Housing Activity Report – Fiscal Year 2023

January 10, 2024/in Information Products, Rural Research Reports, USDA Information and Data, USDA RD Annual Obligations Rural Data, U.S. Department of Agriculture

Since the 1950s, the United States Department of Agriculture (USDA) has provided financial assistance for the construction, repair, and affordability of millions of homes for low- and moderate-income rural residents. USDA accomplishes this activity through its Rural Development (RD) agency. In Fiscal Year (FY) 2023, USDA obligated roughly 65,500 loans, loan guarantees, and grants totaling about $10.6 billion, and over $1.5 billion in Rental Assistance to approximately 228,000 rural renters. The Housing Assistance Council (HAC) presents a review of most USDA housing resources obligated in Fiscal Year 2023 and their historical trends.

Download the document.

HAC’s CEO Testifies to Senate Banking Subcommittee on Rural Housing Reforms

May 2, 2023/in Advocacy, HAC in the News, News, Policy, Rural News Homeowner Housing, Housing Affordability, Rental Housing, U.S. Department of Agriculture

HAC was honored to be invited to testify on May 2, 2023 before the Housing, Transportation, and Community Development Subcommittee of the U.S. Senate Committee on Banking, Housing, and Urban Affairs to discuss commonsense, bipartisan reforms to the U.S. Department of Agriculture’s Rural Housing Service (RHS) programs. HAC’s President & CEO, David Lipsetz, was one of five witnesses on the hearing panel.

The hearing was held to discuss the bipartisan Rural Housing Service Reform Act of 2023, which has been introduced by Subcommittee Chairwoman Tina Smith (D-MN) and Senator Mike Rounds (R-SD). The RHS Reform Act includes a slate of provisions to improve the multifamily, single-family, and capacity building programs at RHS. Senators Smith and Rounds engaged deeply with stakeholders on the creation of the bill, including offering a call for policy recommendations in the summer of 2022. HAC’s response to that comment opportunity can be seen here. We were thrilled to see many of our recommendations included in the bill, and applaud Senators Smith and Rounds on their thoughtful engagement with stakeholders and their commitment to improving the RHS programs.

Highlights from the RHS Reform Act include:

Multifamily
- Authorizing the Multifamily Preservation and Revitalization (MPR) program and Multifamily Preservation Technical Assistance Program
- Allowing for the decoupling of a Section 515 mortgage and Section 521 Rental Assistance
- Allowing Section 542 rural vouchers to be adjusted based on changes in tenant income
- Streamlining the process for Section 515 nonprofit transfers and increasing the Section 515 nonprofit set aside
Single Family
- Establishing the Native CDFI Section 502 relending program
- Increasing the threshold for the mortgage requirement on a Section 504 home rehab loan from $7,500 to $15,000
- Extending the loan term for a Section 502 loan up to 40 years
Capacity Building
- Authorizing the Rural Community Development Initiative (RCDI) and waiving the matching funds requirement for groups working in areas of persistent poverty
- Requiring RHS to publish more data on their housing programs
- Authorizing funding for much needed technology upgrades at RHS

Watch the Recording Read David’s Testimony HAC’s 2023 Policy Priorities

News Coverage

“Rural housing crunch ‘ripe and ready’ for legislative fix, lawmakers say” – The Hill

USDA Rural Housing Program Funding Activity Year End Report FY 2014

June 30, 2015/in USDA RD Annual Obligations

Fiscal Year (FY) 2014 USDA Rural Housing Program Funding Activity Year End Report

The Housing Assistance Council tabulated data using the USDA Finance Office obligation reports (USDA/Rural Development report code 205c, d and f) and data from the USDA Single Family Housing and Multifamily Housing Divisions in the National Office. The comprehensive report includes tables and maps showing obligation data by program and by State. The report also includes data by fiscal year for each of the programs since program inception.

This document is available by its individual chapters or as one large compiled document. The compilation document is formatted to print as double-sided pages for printers that are able to print on both sides of the paper. Each chapter starts with a divider page which is intentionally blank to maintain consistency throughout the document.

2015, 164 pages

Download the Full Report
Executive summary

Tag Archive for: single family housing

USDA Rural Development Housing Activity Report – Fiscal Year 2023

HAC’s CEO Testifies to Senate Banking Subcommittee on Rural Housing Reforms

Highlights from the RHS Reform Act include:

Multifamily

Single Family

Capacity Building

News Coverage

USDA Rural Housing Program Funding Activity Year End Report FY 2014

CONTENTS

Tag Archive for: single family housing

USDA Rural Development Housing Activity Report – Fiscal Year 2023

HAC’s CEO Testifies to Senate Banking Subcommittee on Rural Housing Reforms

Highlights from the RHS Reform Act include:

Multifamily

Single Family

Capacity Building

News Coverage

USDA Rural Housing Program Funding Activity Year End Report FY 2014

CONTENTS

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50 Years for Rural America