USDA Obligations FY 2021 Featured Image

USDA Rural Development Obligations FY 21 – September

USDA Rural Development Obligations Report Cover - FY 2021

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

As of the end of September, USDA obligated 139,227 loans, loan guarantees, and grants totaling about $24.2 billion, $354.0 million more than last year. At the end of last year, the agency obligated 151,876 loans, loan guarantees, and grants totaling $24.5 billion.

Single Family Housing Program Highlights

The Section 502 Guaranteed loan program, the largest of the Single Family Housing programs, obligated $22.7 billion (127,389 loan guarantees) compared to $23.0 billion (137,970 loan guarantees) last year.

For the Section 502 Direct program, loan obligations totaled $1.0 billion (5,355 loans), nearly the same dollar amount as last year’s obligation level of $1.0 billion but fewer loans (5,821 loans.) About 36 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 2,289 loans representing $14.8 million less than last year (2,739 loans representing $16.6 million.) There were also about $24.6 million (3,709 grants) obligated in the Section 504 grant program compared to $31.5 million (4,842 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 51 grants and contracts totaling $31.8 million a bit less than last year’s 55 grants and contracts totaling $32.8 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing program obligated 96 loan guarantees totaling $229.9 million compared to last year’s 150 loan guarantees ($228.5 million.) The agency funded 44 Section 515 Rural Rental Housing loans totaling $37.4 million compared to 40 loans ($40.0 million) last year. There have been 142 loans and 5 grants obligated in the MPR program totaling $89.2 million and $251,778 this year compared to 80 loans and 3 grants representing $57.1 million and $988,734, respectively last year.

The Farm Labor Housing program funded 2 loans and 1 grant have been funded representing $3.1 million and $1.6 million respectively compared to 15 loans and 7 grants ($20.1 million and $8.9 million) last year.

USDA also funded 283,781 units under the Section 521 Rental Assistance program totaling $1.5 billion compared to about 241,208 units ($1.4 billion) last year. There were also 7,261 Rural Housing Vouchers totaling $34.6 million compared to last year’s 7,489 vouchers representing $34.5 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.

Solar panels covering parking spaces at Calistoga Family Apartmentshttps://flic.kr/p/CpXy7x The U.S. Department of Agriculture

“Worst Case” Rental Housing Needs Changed Little from 2017 to 2019

Only 62 affordable rental units were available for every 100 very low-income renters in 2019, according to Worst Case Housing Needs: 2021 Report to Congress, released on October 5 by the Department of Housing and Urban Development (HUD). While data on the impact of the coronavirus pandemic and economic recession that began in 2020 is not yet available, the report notes that they pose a “great risk of widespread housing problems.”

Households with worst case needs are defined as renters with very low incomes (at or below 50 percent of area median income) who do not receive government housing assistance and pay more than half their income for rent, live in severely inadequate conditions, or both. Cost burden – the mismatch between income and housing costs – is by far the most significant housing problem in all geographic areas. Inadequate housing quality caused only 3 percent of worst case needs nationwide.

In 2019 there were 7.77 million renter households with worst case needs in the U.S., 42.2 percent of all very low-income renters. This represents an improvement from the record high of 8.5 million (44 percent) in 2011 but it remains above the rate during the years preceding the 2007-2009 recession.

Almost three-quarters (74 percent) of worst case renters in 2019 had extremely low incomes (at or below 30 percent of area median), the highest proportion since 2005. Worst case needs were highest among American Indian or Alaskan Native households at 55 percent; 53 percent among Asian households, 45 percent among Hispanic households, 44 percent among non-Hispanic White households, and 36 percent among non-Hispanic Black households and Native Hawaiian or Other Pacific Islander households.

Worst case needs declined in the Midwest, Northeast, and South from 2017 to 2019, but those improvements were offset by an increase in worst case needs in the West.

USDA Obligations FY 2021 Featured Image

USDA Rural Development Obligations FY 21 – August

USDA Rural Development Obligations Report Cover - FY 2021

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

As of the end of August, USDA obligated 127,867 loans, loan guarantees, and grants totaling about $22 billion. This is $417 million above obligation levels from this time last year. At that time, there were 134,422 loans, loan guarantees, and grants obligated totaling $21.6 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 $20.9 billion (117,579 loan guarantees) up from this time last year’s nearly $20.3 billion (121,671 loan guarantees).

For the Section 502 Direct program, loan obligations totaled $935 million (5,004 loans), a bit less than last year’s obligation level of $990 million (5,738 loans.) About 37 percent of the loan dollars went to Very Low-income (VLI) applicants. VLI loans represented nearly 44 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 1,961 loans representing $12.4 million. Loan volume was below this time last year (2,376 loans representing $14.4 million.) There were also about $21 million (3,189 grants) obligated in the Section 504 grant program compared to $27.7 million (4,248 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 36 grants and contracts totaling over $24.9 million compared to last year’s 35 grants and contracts totaling $29.3 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing program obligated 64 loan guarantees totaling $153.8 million compared to last year’s 136 loan guarantees ($216.9 million.) One Section 515 Rural Rental Housing loan has been funded so far this year compared to 29 loans representing $31.7 million last year. In the MPR program, no loans or grants have been obligated so far this year. Last year, there were 38 loans and 5 grants obligated representing $44 million and $251,778 respectively last year.

Two Farm Labor Housing loans totaling $3.1 million, and no grants have been obligated so far this year. Last year at this time, 14 loans and 6 grants were obligated ($19.8 million and $6.2 million, respectively.)

USDA obligated funds for 197,018 rental assistance units under the Section 521 Rental Assistance program totaling over $1.1 billion. This compares to about 186,940 units (almost $1.1 billion) obligated same time last year. There were also 6,671 Rural Housing Vouchers totaling $32 million compared to 6,693 vouchers representing $30.9 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.

Policy News from the Administration

HAC’s Statement on the End of the CDC’s Eviction Moratorium

The Housing Assistance Council (HAC) is concerned by the Supreme Court’s decision ending the national eviction moratorium. Without federal protection, hundreds of thousands of families now face the threat of eviction. Across America, many of these families will lose their homes.

“This pandemic and the unprecedented job loss it caused have exacerbated the housing challenges that rural communities have faced for a long time,” stated HAC CEO David Lipsetz. Millions of tenants, homeowners, and landlords across the country have fallen behind on rent and mortgage payments. Rural residents including Native Americans and farmworkers are among the Americans hardest hit by the pandemic and its housing impacts.

The end of the eviction moratorium is particularly troubling because housing loss poses serious dangers for renters’ health, as well as their finances. Eviction increases the risk of COVID-19 transmission and falls hardest on people of color, who are most likely to be evicted. Plus, renters with eviction records find it much harder to rent decent housing in the future since landlords often screen applicants with prior evictions.

Assistance to help cover rent, utilities, mortgages, and other costs is available from the federal government, states, and county or city governments. HAC has compiled links to resources for tenants, homeowners, and landlords on our website: ruralhome.org.

HAC works to ensure that everyone has a safe, decent, and affordable place to call home. We will continue to serve rural communities with dedication and compassion, just as we have for the last 50 years.

USDA Obligations FY 2021 Featured Image

USDA Rural Development Obligations FY 21 – July

USDA Rural Development Obligations Report Cover - FY 2021

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

As of the end of July, USDA obligated 117,200 loans, loan guarantees, and grants totaling about $20.2 billion. This is nearly $3.9 billion more 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 approximately $19.2 billion (108,193 loan guarantees) up from last year’s $15.3 billion ( 93,226 loan guarantees) this time.

For the Section 502 Direct program, loan obligations totaled $826.7 million (4,409 loans), a bit higher 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 over 42 percent of the total number of Section 502 Direct loans.

The Section 504 Repair and Rehabilitation programs obligated 1,700 loans representing almost $10.6 million. Loan volume was up from this time last year (1,912 loans representing about $11.6 million.) There were also about $18.3 million (2,784 grants) obligated in the Section 504 grant program compared to approximately $22.4 million (3,474 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 30 grants and contracts totaling nearly $20.4 million compared to last year’s 19 grants and contracts totaling over $22.6 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing program obligated 58 loan guarantees totaling almost $149.0 million compared to last year’s 96 loan guarantees ($156.7 million.) No Section 515 Rural Rental Housing program have been funded so far this year, similar to last year at this time. No loans or 5 grants have been obligated so far this year in the MPR program totaling $0 and $251,778 this year compared to 28 loans and 3 grants representing nearly $30.0 million and $988,734, 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 794,577 and nearly $5.9 million, respectively.)

USDA obligated funds for 195,414 rental assistance units under the Section 521 Rental Assistance program totaling over $1.1 billion. This compares to about 178,225 units (over $1.0 billion) obligated same time last year. There were also 6,228 Rural Housing Vouchers totaling about $30.0 million compared to 5,700 vouchers representing over $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.

USDA Obligations FY 2021 Featured Image

USDA Rural Development Obligations FY 21 – June

USDA Rural Development Obligations Report Cover - FY 2021

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 State of The Nation’s Housing – 2021

Joint Center for Housing Studies of Harvard University
Harvard Joint Center for Housing Studies - 2021 Cover

Even as the US economy continues to recover, the inequalities amplified by the COVID-19 pandemic remain front and center. Households that weathered the crisis without financial distress are snapping up the limited supply of homes for sale, pushing up prices and further excluding less affluent buyers from homeownership. At the same time, millions of households that lost income during the shutdowns are behind on their housing payments and on the brink of eviction or foreclosure. A disproportionately large share of these at-risk households are renters with low incomes and people of color. While policymakers have taken bold steps to prop up consumers and the economy, additional government support will be necessary to ensure that all households benefit from the expanding economy.

HAC is a proud sponsor of Harvard’s State of the Nation’s Housing report.

USDA Obligations FY 2021 Featured Image

USDA Rural Development Obligations FY 21 – May

USDA Rural Development Obligations Report Cover - FY 2021

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

As of the end of May, USDA obligated 94,334 loans, loan guarantees, and grants totaling about $16.2 billion, nearly $2.4 billion higher than obligation levels from this time last year. At that time, there were 88,196 loans, loan guarantees, and grants obligated totaling $13.9 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 nearly $15.5 billion (87,519 loan guarantees) up from almost $13.0 (79,509 loan guarantees) this time last year.

For the Section 502 Direct program, loan obligations totaled $605 million (3,281 loans), a bit less than last year’s obligation level of $629 million (3,681 loans.) Nearly 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 1,316 loans representing about $8 million. Loan volume was down from this time last year (1,722 loans representing $10.4 million.) About $13.7 million (2,119 grants) was obligated in the Section 504 grant program compared to over $20 million (3,105 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 27 grants and contracts totaling $16.9 million, a bit less than last year’s 14 grants and contracts totaling over $20.5 million.

Multi-Family Housing Program Highlights

USDA’s Section 538 Multifamily Housing program obligated 51 loan guarantees totaling $135.7 million compared to last year’s 92 loan guarantees ($145.6 million.) No Section 515 Rural Rental Housing loans and no MPR loans or grants have been funded so far this year, similar to last year at this time.

No Farm Labor Housing loans or grants have been funded so far this year. Last year at this time, 13 loans and 5 grants were obligated ($19.7 million and $5.9 million, respectively.)

In the Section 521 Rental Assistance program, USDA obligated funds for 125,076 rental assistance units the Section 521 Rental Assistance program totaling nearly $740.0 million. This compares to about 135,675 units ($783.0 million) obligated same time last year. There were also 5,007 Rural Housing Vouchers totaling $24.3 million compared to 5,368 vouchers representing $25.0 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 Obligations FY 2021 Featured Image

USDA Rural Development Obligations FY 21 – April

USDA Rural Development Obligations Report Cover - FY 2021

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.

USDA Obligations FY 2021 Featured Image

USDA Rural Development Obligations FY 21 – March

USDA Rural Development Obligations Report Cover - FY 2021

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 $10,330,206,982. This is $2,134,121,531 higher than obligation levels from this time last year. At that time, there were 53,209 loans, loan guarantees, and grants obligated totaling $8,196,085,451.

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 $9,888,959,509 (56,221 loan guarantees) up from $7,721,657,308 ( 48,119 loan guarantees) this time last year.

For the Section 502 Direct program, loan obligations totaled $356,827,444 (1,965 loans), similar to last year’s obligation level of $365,962,478 (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 representing $4,369,687. Loan volume was up from this time last year (1,015 loans representing $6,193,027.) There were also about $7,942,283 (1,245 grants) obligated in the Section 504 grant program compared to $12,003,752 (1,869 grants) last year.

USDA’s Section 523 Self Help Housing Grant program funded 6 grants and contracts totaling $3,710,175 up from last year’s 3 grants and contracts totaling $1,900,426.

Multi-Family Housing Programs

USDA’s Section 538 Multifamily Housing program obligated 35 loan guarantees totaling $68,356,333 compared to last year’s 29 loan guarantees ($60,715,592.) No Section 515 Rural Rental Housing program have been funded so far this year, similar to last year at this time. There have been 0 loans and 5 grants obligated in the MPR program totaling $0 and $251,778 this year compared to 0 loans and 3 grants representing $0 and $988,734, respectively 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 ($18,630,577 and $5,853,855, respectively.)

USDA obligated funds for 38,592 rental assistance units under the Section 521 Rental Assistance program totaling $219,583,640. This compares to about 83,226 units ($477,189,635) obligated same time last year. There were also 1,939 Rural Housing Vouchers totaling $9,651,145 compared to2,340 vouchers representing $11,057,083 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.