The Multifamily Housing Loan Guarantees 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.
Construction, improvement and purchase of multi-family rental housing for low to moderate income families and individuals is the primary objective for this program. Funding may also be available for:
- Buying and improving land
- Providing necessary infrastructure
- For a complete list see Code of Federal Regulations, 7CFR Part 3565.205
Applications are accepted for processing from private lenders on a first-come, first-served basis until funds are depleted.