Direct Housing-Natural Disaster

 

To assist qualified lower income rural families to meet emergency assistance needs resulting from natural disaster to buy, build, rehabilitate, or improve dwellings in rural areas. Funds are only available to the extent that funds are not provided by the Federal Emergency Management Agency (FEMA). For the purpose of administering these funds, natural disaster will only include those areas identified by a Presidential declaration.

Deleted 01/15/2013 (Archived.) 10.445 Agency: Department of Agriculture
Office: Rural Development DIRECT LOANS Not Applicable. Housing Act of 1949, Title V, Section 502, as amended, Public Law 89-117, 42 U.S.C. 1471 et seq; Public Law 92- 310, 42 U.S.C. 1480, 42 U.S.C. 1472; Public Law 98-51; Public Law 100- 233; Amendment of Consolidated Farm and Rural Development Act of 1987, Section 601. Applicants must be without adequate resources to obtain housing or related facilities. Applicants must be unable to secure the necessary credit from other sources at prevailing terms and conditions for residential financing. Applicants/borrowers are the direct beneficiaries when they meet all eligibility criteria. Natural disasters will only include those areas identified by a Presidential declaration. Funds are only available to the extent that funds are not provided by the Federal Emergency Management Agency (FEMA). Applicants must establish that physical damage was caused by natural disaster. An applicant needs to submit evidence of inability to obtain credit elsewhere, verification of income and debts, plans, specifications, and cost estimates. This program is excluded from coverage under OMB Circular No. A-87. This program is subject to environmental review pursuant to the National Environmental Policy Act (NEPA) of 1969. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372. This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. Applicants must file Form RD 410-4 at the Rural Development field office serving the county where the dwelling is located. Final approval of the application is approved by the Community Development Manager. Contact the headquarters or regional office, as appropriate, for application deadlines. From 30 to 60 days subject to the availability of funds, from the time the application is filed if no backlog of applications exists. Applicants may request reconsideration at the local Rural Development field office or may appeal adverse actions in accordance with RD Instruction appeal procedure. Appeals may be filed within 30 days after notification of the adverse decision is received by the loan applicant. Applicants may reapply at any time. Not Applicable. Direct loans may be used for construction, repair, or purchase of housing. Payment subsidy is available to eligible low and very low-income applicants. The term payment subsidy refers to either payment assistance or interest credit. A payment subsidy reduces the borrower's scheduled payment to an amount equal to what it would be if the note were amortized to as low as one percent. Payment subsidies are subject to recapture by the government when the borrower transfers title or ceases to occupy the property. No reports are required. No audits are required for this program. Borrowers are not required to, but should retain copies of loan related documents. Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program. These funds are available until the Supplemental Emergency Funding for Natural Disaster is exhausted. See the following for information on how assistance is awarded/released: Contact the headquarters or regional office, as appropriate, for additional information. See Regional Agency Offices. Consult your local telephone directory under Department of Agriculture for Rural Development county or district office numbers or visit the website http://offices.sc.egov.usda.gov/locator/app for a State Office listing. Director, Single Family Housing Direct Loan Division, Rural Housing Programs, Department of Agriculture
1400 Independence Avenue. S.W., Washington, District of Columbia 20250 Phone: (202) 720-1474. http://www.rurdev.usda.gov. 12-4215-0-3-371; 12-2081-0-1-371. (Direct Loans) FY 09 $48,845,553; FY 10 $20,000,000; FY 11 Estimate Not Available - (Note: Funds under this program are based on supplemental funding provided by Congress in response to a natural disaster. Hurricane Emergency Supplemental funds are not included in the projected amounts). No Data Available. 7 CFR Part 3550. Not Applicable.