Program Name: Multifamily housing direct loans  
Organization: United States Department of Agriculture – Rural Development  
Address: 2118 W. Part Court, Suite A, Champaign, IL 61821  
Phone: 217-403-6200  
Fax:    
TDD:    
Email:    
Website: https://go.usa.gov/xzDJc  
Briefly Describe the Purpose of the Program  

 

Finances affordable multifamily rental housing for low-income, elderly, or disabled individuals and families.

  
Year Program Established:
Eligibility Requirements or Restrictions

Open to: government organizations, federally recognized Tribes, individuals, trusts, associations, partnerships, for profit organizations, nonprofits and cooperatives.

Designated eligible rural places and RD Multifamily Housing contacts available at: https:// go.usa.gov/xh3mB. Up to a 30-year payback period
Application Deadline: Rolling bases
Application Guidelines:
Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used:
Funds can be used to buy and improve land, and to build, improve, or purchase existing multifamily housing