Rural Multifamily Preservation and Revitalization Program
This funding record is inactive. Please see the program website or contact the program
sponsor to
determine if this program is currently accepting applications or will open again in the future.
A list of State Rural Development Offices is available on the program website.
This program provides funding tools to restructure loans for existing rural rental housing and off-farm labor housing projects to help improve and preserve the availability of safe affordable multi-family rental housing for low income residents in rural areas.
Restructuring tools include:
- Grants
- No interest loans
- Soft-second loans
- Debt deferral
Funds may be used to:
- Preserve and improve existing rural rental housing and off-farm labor housing projects in order to extend their affordable use without displacing tenants through increased rents
- Complete a third party Capital Needs Assessment (CNA) to identify project needs
Eligible applicants are current multi-family housing project owners with rural rental housing and off-farm labor housing loans. Borrowers must continue to provide affordable rental housing for 20 years or the remaining term of any USDA loan, whichever is later.
No amount specified.
A link to the application instructions is available on the program website.
Related Content
Organizations (2)
- U.S. Department of Agriculture, view details
- USDA Rural Development, view details
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application status, please contact funders directly. Summaries are provided
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