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Rural Health Information Hub
Rural Health Information Hub

Affordable Housing Loans for Low-Income Rural Communities

Link
View Program Website
Sponsor
Housing Assistance Council
Deadlines
Applications accepted on an ongoing basis
Contact

Eddie Vargo
412.517.6507
eddie@ruralhome.org

Ainsworth Thompson
202.842.8654
ainsworth@ruralhome.org

Alison Duncan
443.884.9960
alison@ruralhome.org

Purpose

Housing Assistance Council (HAC) provides short-term loans at below market interest rates to local nonprofits, for-profits, and government entities that are working to develop affordable housing for low-income, rural communities.

HAC loans may be used for:

  • Predevelopment
  • Acquisition
  • Construction
  • Permanent or mini-permanent
  • Lines of credit
Eligibility

Eligible applicants include:

  • Community-based nonprofit organizations
  • Housing development corporations
  • Self help housing sponsors
  • Farm worker organizations
  • For-profit developers
  • Cooperatives
  • Tribes
  • Land trusts
  • Public agencies
  • Units of local government
Geographic coverage
Nationwide
Amount of funding

Loan amounts and terms vary by project needs and borrower collateral.

Application process

Links to the fact sheet and online loan inquiry form are available on the program website.

Tagged as
Capital funding · Community and economic development · Housing and homelessness

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For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.