Site loans are made to provide financing for the purchase and development of housing sites for low- and moderate-income families. Non-profits that have the financial, technical and managerial capacity to comply with relevant federal and state laws and regulations.Non-profits that have the legal authority to operate a revolving loan fund.The building site may be sold to low- or moderate-income families utilizing USDA’s Housing and Community Facilities Program’s (HCFP) loan programs, or any other mortgage financing program which serves low- and moderate-income families Section 524 loans: Private or public non-profit organizations.Section 523 loans: Private or public non-profit organizations that will provide sites solely for self-help housing.Low-income is defined as between 50-80% of the area median income (AMI) the upper limit for moderate income is 115% of the AMI. Section 524 loans are made to acquire and develop sites for low- or moderate-income families, with no restriction as to the method of construction.Refer to RD Instruction 1944-I for more information about the Self-Help program Section 523 loans are used to acquire and develop sites only for housing to be constructed by the Self-Help method.Rural Housing site loans provide two types of loans to purchase and develop housing sites for low- and moderate-income families:
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