Investing for Impact Resource Guide

Rural Housing Service | Multifamily Housing (continued) Program Overview Applicant

Population Additional Informatio n

Provides affordable financing to develop housing for farm workers. Funds can be used to buy or improve land, for new construction, to rehabilitate existing rental housing in lower- income areas, or to purchase household furnishings. Provides rental assistance payments paid directly to the owners of USDA-financed Rural Rental or Farm Labor Housing projects on behalf of eligible tenants who cannot afford to pay their full rent Rent vouchers can be used to supplement rent payments at a former USDA-financed property, or at any nonsubsidized rental unit in the United States that meets USDA standards and agrees to accept the voucher Provides funds for applicants of USDA RD Farm Labor Housing loans and grants. Funds can be used to pay for technical assistance during the application process, loan underwriting and closing, and to offset certain transaction costs. Provides financing to develop or rehabilitate rental housing for lower-income domestic, migrant, and seasonal farm laborers

New or existing, nonprofit or limited-profit USDA-financed properties

Program Type: Rental assistance Website: https://go.usa.gov/xzDhB

N/A

Multifamily Housing Rental Assistance Program

Tenants in rental properties in which a USDA-financed Multifamily Housing Direct Loan ended earlier than its original maturity date

Program Type: Grant Website: https://go.usa.gov/xzWqA Program Type: Direct loans and grants Terms and Conditions: 33 years at a 1 percent interest rate. Loans can cover up to 100 percent of total development costs. Grants are need-based and cannot exceed 90 percent of the total project cost. Website: https://go.usa.gov/xzDtP Program Type: Rental assistance Terms and Conditions: Funds are paid directly to property owners on the tenant’s behalf. Website: https://go.usa.gov/xzDhd

N/A

Multifamily Housing Tenant Vouchers

Farmers and family farm corporations, farmers’ or farm workers’ associations, nonprofits,

N/A

Off-Farm Labor Housing Direct Loans and Grants

state and local governments, and federally recognized Tribes

Public and private nonprofit organizations

N/A

Off-Farm Labor Housing Technical Assistance Grants

Individuals, partnerships, and family farm corporations

Program Type: Loan Terms and Conditions: 33 years at a 1 percent interest rate. No loan minimum. Loans can cover up to 100 percent of the total development cost. Website: https://go.usa.gov/xzW3q

N/A

On-Farm Labor Housing Loans

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