Very Low-Income Housing Repair Loans and Grants

 

Section 504 loans and grants are intended to help very low-income owner-occupants in rural areas repair their properties.

Active 10.417 Rural Housing Service, Department of Agriculture B - Project Grants; E - Direct Loans Not applicable. Housing Act of 1949, Title V, Section 504, as amended, Public Laws 89-117, 89-754, and 92.310, 42 U.S.C. 1474. Applicants must own and occupy a home in a rural area; and be a citizen of the United States or reside in the United States after having been legally admitted for permanent residence. Loan recipients must have sufficient income to repay the loan. Grant recipients must be 62 years of age or older and be unable to repay a loan for that part of the assistance received as a grant. Applicant's income may not exceed the very low-income limit set forth in RD Handbook. Applicants must own and occupy a home in a rural area; and be a citizen of the United States or reside in the United States after having been legally admitted for permanent residence . Loan recipients must have sufficient income to repay the loan. Grant recipients must be 62 years of age or older and be unable to repay a loan for the part of the assistance received as a grant. Applicant's income may not exceed the very low-income limit set forth in RD Handbook. Evidence of ownership and verification of income and debts. Grant recipients must provide evidence of being age 62 and older. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Applicants must file an application form at the Rural Development field office serving the county where the dwelling is located-https://www.rd.usda.gov/about-rd/state-offices Delegated to Local or Area Loan Approval Official. Not applicable. Application processing times varies by State. Agency regulations providing customers with the rights for an informal review, mediation or alternative dispute resolution (ADR), or appeal to the National Appeals Division (NAD) are contained in 7 CFR Part 3550. NAD regulations are found at 7 CFR Part 11. Requests for an informal review, mediation and ADR must be received within 30 days from the date of the adverse decision. Requests for an appeal to NAD must be received within 30 days of receipt of the adverse decision. Please visit: https://www.nad.usda.gov/ Applicants may reapply at any time. Not applicable. Loan funds may be used to make general repairs and improvements to properties or to remove health and safety hazards. Grant funds may be used only to pay for the costs for repairs and improvements that will remove identified health and safety hazards or to repair or remodel dwellings to make them accessible for household members with disabilities. Loans and grants are typically used for repair or replacement of heating, plumbing or electrical services, roof or basic structure as well as water and waste disposal systems, and weatherization. Loans bear an interest rate of one percent and are repaid over a period of 20 years. In addition to the above purpose, loan funds may be used to modernize the dwelling. Maximum loan amount cannot exceed a cumulative total of $40,000 to any eligible person and maximum lifetime grant assistance is $10,000 to any eligible person. The house must be located in an eligible rural area found at -https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do. Assistance is available in States, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of Northern Mariana's and the Trust Territories of the Pacific Islands. Not applicable. Not applicable. Borrowers and/or grantees are not required to, but should retain copies of loan or grant-related documents. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. This assistance is available throughout the year by means of an established allocation system. Funds are usually released to borrowers/grantees as a lump sum payment for completed repairs or, as needed, for repairs in progress. Contact regional office or headquarters as appropriate for additional information-https://www.rd.usda.gov/browse-state. To locate an office, please visit the website- https://www.rd.usda.gov/about-rd/state-offices Andria Hively
1400 Independence Avenue, SW
Washington, DC 20250 US
andria.hively@usda.gov
Phone: (360) 999-0252 http://www.rurdev.usda.gov 12-2081-0-1-371 (Project Grants) FY 22$32,000,000.00; FY 23 est $32,000,000.00; FY 24 est $40,000,000.00; FY 21$30,000,000.00; FY 20$33,542,000.00; FY 19$24,796,733.00; FY 18$28,193,014.00; FY 17$28,873,909.00; FY 16$30,659,518.00; - Fiscal Year 2024 estimates are based on the President's Proposed Budget.(Direct Loans) FY 22$28,000,000.00; FY 23 est $28,000,000.00; FY 24 est $50,000,000.00; FY 21$28,003,000.00; FY 20$16,641,000.00; FY 19$17,364,032.00; FY 18$19,789,115.00; FY 17$19,637,606.00; FY 16$17,406,896.00; - Fiscal Year 2024 estimates are based on the President's Proposed Budget. FY 2022 average grant amount is $6,709. FY 2023 average grant amount is $8,029. FY 2022 average loan amount is $6,532. FY 2023 average loan amount is $7,301. 7 CFR Part 3550, Direct Single Family Housing Loans and Grants. (no charge); Home Improvement and Repair Loans, PA-1184, no charge. Not applicable.