Using our creativity to maneuver through structured programs, we create hybrids by taking what is already established and forming something new. Unique formulations of funding streams that are specially combined for our individual needs of our clients.
The program works with qualified private-sector lenders to provide financing to qualified borrowers to increase the supply of affordable rental housing for low- and moderate-income individuals and families in eligible rural areas and towns.
Section 514 loans and Section 516 grants are provided to buy, build, improve, or repair housing for farm laborers.
Funds can be used to purchase a site or a leasehold interest in a site; to construct or repair housing, day care facilities, or community rooms; to pay fees to purchase durable household furnishings; and to pay construction loan interest.