Proposal must consist of at least 5 units. Loans must be a fixed rate that does not exceed the 30 year Treasury Bond Rate by more than 200 basis points. Loan must be fully amortized for a period up to 40 years. Individual farmowners, associations of farmers, broadly based nonprofit organizations if farmworkers who are unable to obtain credit elsewhere. Grants are available to non-profit organizations.
Housing is for domestic farmworkers both migrant and year-round.
Adequate security for the loan must be available. Housing must be modest in size and cost. Click for link to Ineligible Map Areas in Kentucky Provide grant to operate a program which finances repair to single and multi-family housing for very low and low income homeowners. A state, commonwealth, or trust territory, political subdivision, or non-profit corporation may receive and administer HPG funds. Applicants must have the necessary experience to assure success, and must legally obligate itself to administer HPG funds.