Must be located in rural area that include open country and places with a population of less than 10,000 and under certain conditions, in cities or towns between 10,000 and 20,000 population. Very low and low-income applicants who do not own adequate housing, unable to obtain conventional credit and have sufficient income to pay the proposed monthly housing cost. Must be located in rural area that include open country and places with a population of less than 10,000 and under certain conditions, in cities or towns between 10,000 and 20,000 population. Repayment period is 33 years. The maximum repayment period on manufactured homes is 30 years.
Grants are only for repairs that remove health and safety hazards.
Applicants must own and occupy the home to be repaired. Adjusted income may not exceed very low income limit. Grants require repayment if property is sold within three years. Rental housing loans can be made to individuals, associations, trusts, partnerships, limited partnerships, state and local agencies, profit and non-profit organizations. Must be located in community designated annually by the agency.