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Based on “Affordable Housing”.

USDA Rural Development announces effort to retain Section 515 housing units

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.

Self-Help Enterprises awarded $5.5 million grant

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.

USDA income limits for pilot are available!

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.