As concerns continue to grow about the thousands of affordable housing units currently financed through the U.S. Department of Agriculture (USDA) Section 515 Rural Rental Housing loan program, which could be at risk once the loans mature or are paid in full, USDA Rural Development announced plans to help nonprofits’ efforts to retain those units.
A $5.5 million grant was recently awarded to Self-Help Enterprises to fund an affordable housing project and community center in Lindsay, California. Construction on the project is anticipated to begin May 2017, after additional funding is secured.
RCAC received a $25,000 grant this week from Ally Bank. The funds will be used to support capacity building development for low-income rural Utah residents and Tribal members.
As we reported in the Self-Help Builder News on June 9, U.S. Department of Agriculture Rural Development announced a pilot to use the “banded” method to determine low and very low-income status in 23 states and territories across the country.
Marshall Islands Development Bank (MIDB) recently celebrated the 100th home constructed in the Republic of the Marshall Islands (RMI) through the U.S. Department of Agriculture (USDA) Mutual Self-Help Program.