Multifamily Housing Loan Guarantees

Choose the appropriate Regional Director from the contact tab on the program website.

USDA Rural Development Multifamily Housing Loan Guarantees provide loan guarantees for qualified private-sector lenders to provide financing to qualified borrowers with the intent of increasing the supply of affordable rental housing for low to moderate income individuals and families in eligible rural areas and towns.

Loans may be used for construction, improvement, and purchase of multifamily rental housing for low to moderate income families and individuals, as well as for buying and improving land, and providing the necessary infrastructure for multifamily housing.

Private lenders may apply. Lenders are automatically eligible if approved and active in one of the following programs:

• Fannie Mae, Freddie Mac, and Ginnie Mae
• HUD
• Federal Home Loan Bank members
• State or local housing finance agencies

Eligible borrowers include:

• Most state and local governmental entities
• Nonprofit organizations
• For-profit organizations, including LLCs
• Federally recognized tribes

Eligible areas include rural areas and towns with 35,000 or fewer people and federally recognized tribal lands.

USDA offers guarantees of up to 90% of the loan amount with terms between 25-40 years.

The application guidance is available in the Federal Register.