Multi-Family Housing Direct Loans

Multi-Family Housing Direct Loans provide competitive financing for affordable multi-family rental housing for people with disabilities as well as low-income and elderly individuals and families in eligible rural areas.

Administering Agency:

USDA

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Key Details:

Funding Overview:

Multi-Family Housing Direct Loans provide competitive financing for affordable multi-family rental housing for people with disabilities as well as low-income and elderly individuals and families in eligible rural areas.

Common Uses:

Construction, repair, and purchase of multi-family rental housing. Buying and improving land and providing necessary infrastructure are also among allowable uses, as are reimbursement to nonprofits to develop the property and development of demonstration programs.

Issue Area(s): Housing and Homelessness, Mental Health, Physical Health

Eligibility: CBO/Other, City, County, State, Territory, Tribal

Key Usage Options: Real Estate

Funding Amount/Range: Varies

Allocation Frequency: Annual

Funding/Expending Period: 30 years

Funding Type: Other

How to Obtain: Application Process

Match Requirement: No