Program Name: Rural housing site loans  
Organization: United States Department of Agriculture – Rural Development  
Address: 2118 W. Part Court, Suite A, Champaign, IL 61821  
Phone: 217-403-6200  
Briefly Describe the Purpose of the Program  
This revolving loan fund provides site loans for applicants below the moderate-income limit using conventional construction methods or the self-help housing method, in which families build each other’s homes. Conventional building sites can be developed and sold to low- and moderate-income applicants using USDA Rural Housing Service programs or any other mortgage financing program that serves those applicants below the moderate- income limit.  
Year Program Established:
Eligibility Requirements or Restrictions


Conventional building sites: Private and public nonprofit organizations, and federally recognized Tribes Self-help method sites: Private and public nonprofit organizations solely dedicated to self-help housing, and federally recognized Tribes. Terms and Conditions: Self-help method loans are for 2 years at a 3 percent, fixed-interest rate. Conventional construction method loans are published monthly and fixed at closing.

Application Deadline: Rolling bases
Application Guidelines:
Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used: