Multi-Family Housing Direct Loans | United States Department of Agriculture and Rural Development
Multi-Family Housing Direct Loans
3913 Brooken Hill Drive, Suite 100, Fort Smith, AR 72908
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. Qualified applicants include:-Individuals, trusts, associations, partnerships, limited partnerships, nonprofit organizations, for-profit corporations and consumer cooperatives.-Most state and local governmental entities.-Federally-recognized Tribes
Languages
English
Application process
Applications for this program are accepted on an annual basis. A Notice of Funding Availability (NOFA) is posted in the Federal Register.Contact local office for more details.
Fees
-Up to 30 year payback period-Lowest rate at either the time of loan approval or loan closing will be used
Service area
AR
This program provides competitive financing for affordable multi-family rental housing for low-income, elderly, or disabled individuals and families in eligible rural areas.
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.