The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2021 USDA Rural Housing program obligations.

As of the end of June, USDA obligated 106,072 loans, loan guarantees, and grants totaling about $18.3 billion. This is $1.9 billion higher than obligation levels from this time last year. At that time, there were 103,122 loans, loan guarantees, and grants obligated totaling nearly $16.4 billion.

Federal agencies operated under a series of short-term continuing resolutions (CR) for most of the first quarter of FY 2021. A final CR was signed into law on December 27, 2020 which provides funding for the remainder of the fiscal year. Since March 20, 2020, USDA offices have been operating from remote locations due to the COVID-19 virus.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated almost $17.4 billion (98,173 loan guarantees) up from over $15.3 billion (93,226 loan guarantees) this time last year.

For the Section 502 Direct program, loan obligations totaled over $712.2 million (3,822 loans), a bit less than last year’s obligation level of $742.2 million (4,310 loans.) About 36 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented nearly 43 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 1,511 loans representing $9.4 million. Loan volume was down from this time last year (1,912 loans representing $11.6 million.) There were 2,458 grants totaling about $16.1 million obligated in the Section 504 grant program compared to $22.4 million (3,474 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 28 grants and contracts totaling $16.9 million, up from last year’s 19 grants and contracts but less than the total of $22.6 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing program obligated 56 loan guarantees totaling about $145.3 million compared to last year’s 96 loan guarantees. No Section 515 Rural Rental Housing program have been funded so far this year, similar to last year at this time. There have been no loans or grants obligated in the MPR program so far this year compared to 28 loans and 3 grants representing $29.9 million and nearly $990 thousand, respectively last year.

No Farm Labor Housing loans or grants have been funded so far this year. Last year at this time, 14 loans and 5 grants were obligated (about $19.8 million and $5.9 million, respectively.)

USDA obligated funds for 171,799 rental assistance units under the Section 521 Rental Assistance program totaling over $998.4 million. This compares to about 178,225 units (over $1 billion) obligated same time last year. There were also 5,732 Rural Housing Vouchers totaling $27.7 million  compared to 5,700 vouchers representing $26.4 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.

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2021 USDA Rural Housing program obligations.

As of the end of April, USDA obligated 83,295 loans, loan guarantees, and grants totaling about $14.3 billion. This is $2.2 billion higher than obligation levels from this time last year. At that time, there were 77,581 loans, loan guarantees, and grants obligated totaling $12.1 billion.

Federal agencies operated under a series of short-term continuing resolutions (CR) for most of the first quarter of FY 2021. A final CR was signed into law on December 27, 2020 which provides funding for the remainder of the fiscal year. Since March 20, 2020, USDA offices have been operating from remote locations due to the COVID-19 virus.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated over $13.6 billion (77,364 loan guarantees) up from $11.3 billion (69,902 loan guarantees) this time last year.

For the Section 502 Direct program, loan obligations totaled $533.1 million (2,902 loans), about $24.5 million less than last year’s obligation level of $557.6 million (3,262 loans.) About 37 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented over 43 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 1,119 loans representing $6.6 million. At this time last year, USDA obligated 1,509 Section 504 loans representing $9 million. The Section 504 grant program saw about $11.7 million (1,821 grants) obligated compared to $17.7 million (2,756 grants) at this time last year.

USDA’s Section 523 Self Help Housing Grant program funded 23 grants and contracts totaling $15,030,227 up from 12 grants and contracts totaling $13,069,195 a year ago.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing program obligated 48 loan guarantees totaling $129.0 million compared to last year’s 86 loan guarantees ($137.6 million.) No Section 515 Rural Rental Housing program have been funded so far this year, similar to last year at this time. There have been no MPR loans or grants obligated so far this year compared to 4 loans representing $143,438 at this time last year.

No Farm Labor Housing loans or grants have been funded so far this year. Last year at this time, 9 loans and 5 grants were obligated ($18.6 million and nearly $5.9 million respectively.)

USDA obligated funds for 125,050 rental assistance units under the Section 521 Rental Assistance program totaling $739.7 million. This compares to about 135,562 units ($782.6 million) obligated same time last year. There were also 4,511 Rural Housing Vouchers totaling $21.8 million compared to 4,680 vouchers representing $21.9 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.

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2021 USDA Rural Housing program obligations.

As of the end of February, USDA obligated 60,232 loans, loan guarantees, and grants totaling about $10.3 billion. This is approximately $2.1 billion higher than obligation levels from this time last year when 53,209 loans, loan guarantees, and grants were obligated totaling nearly $8.2 billion.

Federal agencies operated under a series of short-term continuing resolutions (CR) for most of the first quarter of FY 2021. A final CR was signed into law on December 27, 2020 which provides funding for the remainder of the fiscal year. Since March 20, 2020, USDA offices have been operating from remote locations due to the COVID-19 virus.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated approximately $9.9 billion (56,221 loan guarantees) up from nearly $7.8 billion (48,119 loan guarantees) this time last year.

For the Section 502 Direct program, loan obligations totaled $356.9 million (1,965 loans), a bit lower than last year’s $366 million (2,157 loans.) About 38 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented over 44 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 750 loans and 1,245 grants representing about $4.4 million and 7.9 million respectively. Loan volume was lower than this time last year (1,015 loans representing $6.2 million) while grants totaled $12.0 million (1,869 grants).

USDA’s Section 523 Self Help Housing Grant program funded 6 grants and contracts totaling $3.7 million up from last year’s 3 grants and contracts totaling $1.9 million.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing program obligated 35 loan guarantees totaling nearly $68.4 million compared to last year’s 29 loan guarantees ($60.7 million.) No Section 515 Rural Rental Housing program have been funded so far this year, similar to last year at this time. There were also no loans or grants obligated so far in FY 21 under the MPR program compared to 3 grants representing $988,734 at this time last year.

No Farm Labor Housing loans or grants have been funded so far this year. Last year at this time, 9 loans and 5 grants were obligated (about $18.6 million and nearly $5.9 million respectively.)

USDA obligated funds for 38,592 rental assistance units under the Section 521 Rental Assistance program totaling $219.6 million. This compares to about 83,226 units ($477.2 million) obligated same time last year. There were also 1,939 Rural Housing Vouchers totaling about $9.7 million compared to 2,340 vouchers representing just over $11 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.

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2021 USDA Rural Housing program obligations.

As of the end of December, USDA obligated 35,111 loans, loan guarantees, and grants totaling about $5,972,304,527. This is nearly $1 billion higher than obligation levels from this time last year. At that time, there were 32,361 loans, loan guarantees, and grants obligated totaling $4,973,305,990.

The agency operated under several short-term continuing resolutions during the month of December. A final CR was signed into law on December 27, 2020 which will provide funding for the remainder of the fiscal year. Since March 20, 2020, USDA offices have been operating from remote locations due to the COVID-19 virus.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $5,746,294,375 (32,823 loan guarantees) up from $4,759,272,406 (29,808 loan guarantees) this time last year.

For the Section 502 Direct program, loan obligations totaled $179,758,120 (975 loans), similar to last year’s obligation level of $151,845,219 (899 loans.) Over 41 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented over 47 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 498 loans representing $2,838,485 compared to 586 loans representing $3,462,472 at this time last year.) There were also about $4,863,579 (788 grants) obligated in the Section 504 grant program compared to $6,336,917 (1,029 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 5 grants and contracts totaling $3,449,175 up from last year’s 2 grants and contracts totaling $1,870,512.

No credit sales have been funded yet this year, similar to last year at this time.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing obligated 17 loan guarantees totaling $35,082,487 compared to last year’s 23 loan guarantees ($34,064,126.) There have not yet been obligations this year in the Section 515 Rural Rental Housing, the Farm Labor Housing, or MPR programs yet this year. It should be noted that funding in these programs is more prominent later in the fiscal year for most MFH loan and grant programs.

USDA obligated funds for 38,592 rental assistance units under the Section 521 Rental Assistance program totaling $219,583,640 compared to 46,336 units ($272,857,393) obligated same time last year. There were also 1,277 Rural Housing Vouchers totaling $6,508,033 compared to 913 vouchers representing $4,664,688 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.

The Housing Assistance Council (HAC) presents this month’s report on Fiscal Year 2020 USDA Rural Housing program obligations.

As of the end of September, USDA obligated 151,874 loans, loan guarantees, and grants totaling about $24,528,082,505. This is $8,149,932,673 higher than obligation levels from this time last year. At that time, there were112,764 loans, loan guarantees, and grants obligated totaling $16,378,149,832.

The agency operated under several continuing resolutions and a 35-day government shutdown last year and obligations have come back to a more normal level in FY 2020. The FY 2020 Consolidated Appropriations Act was signed into law on December 20, 2019 which provided funding for the rest of this fiscal year. Since March 20, 2020, USDA offices have been operating from remote locations due to the COVID-19 virus.

Single Family Housing Program Highlights

 

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $23,074,581,633 (137,970 loan guarantees) up from $14,865,886,386 ( 99,322 loan guarantees) last year.

For the Section 502 Direct program, loan obligations totaled $1,001,414,954 (5,821 loans), similar to last year’s obligation level of $1,001,607,718 (6,194 loans.) About 40 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented nearly 45 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 2,739 loans representing $16,640,730. Loan volume was up from this time last year (2,735 loans representing $17,364,032.) There were also about $31,541,672 (4,842 grants) obligated in the Section 504 grant program compared to $24,796,734 (3,908 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 55 grants and contracts totaling $32,783,534 up from last year’s 37 grants and contracts totaling $29,001,946.

USDA funded 4 credit sales representing $471,052.

Multi-Family Housing Programs

 

USDA’s Section 538 Multifamily Housing obligated 150 loan guarantees totaling $228,486,473, higher than last year’s 90 loan guarantees ($160,390,167.) In the Section 515 Rural Rental Housing program, there were 40 loans totaling $40,000,001 (including disaster assistance) obligated compared to 86 loans totaling $102,022,213 last year. There have been 80 loans and 5 grants obligated in the MPR program totaling $57,084,997 and $251,778 this year compared to 205 loans and 3 grants representing $130,308,556 and $988,734, respectively last year.

The Farm Labor Housing programs funded 15 loans and 7 grants totaling $20,094,577 and $8,935,855 respectively. Last year at this time, 17 loans and 7 grants were obligated ($19,985,387 and $8,707,162, respectively.)

There were 126 Section 533 Housing Preservation grants obligated this year totaling $15,626,425.

USDA obligated funds for 241,208 rental assistance units under the Section 521 Rental Assistance program totaling $1,375,000,000. This compares to about 252,319 units ($1,331,400,000) obligated same time last year. There were also 7,489 Rural Housing Vouchers totaling $34,544,766 compared to 6,559 vouchers representing $28,623,289 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.