Farm Labor Housing Direct Loans and Grants | United States Department of Agriculture and Rural Development
Farm Labor Housing Direct Loans and Grants
419 W. Grimes Street, Suite 4, Monticello, AR 71655
Eligibility
This program assists qualified applicants that cannot obtain commercial credit on terms that will allow them to charge rents that are affordable to low-income tenants. Borrowers must have sufficient qualifications and experience to develop and operate the project. Qualified applicants include:-Farmers, associations of farmers and family farm corporations-Associations of farmworkers and nonprofit organizations*-Most State and local governmental entities*-Federally-recognized Tribes*
Email[email protected]
Languages
Spanish, English
Application process
A two-phase application process starts with pre-applications accepted on an annual basis through a Notice of Funding Availability (NOFA) in the Federal Register. Contact for further instructions.
Fees
-Up to 33 year payback period-1% fixed rate-An allocation of loan funds is also available for on-farm labor housing and is funded on a first-come, first-served basis
Service area
AR
Program provides affordable financing to develop housing for year-round and migrant or seasonal domestic farm laborers.
Last assured
04/28/2021
What's Here
Providing organization
United States Department of Agriculture and Rural Development
Agency offers loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure.