Program Eligible Typical Amount Rates and Terms
Application Timeline Agency Applicants Eligibility Requirements Authorized Purposes of Assistance Subject to Change
RESOURCES
Single Family Rural Tribal Income must be at or below 50% of the county median Loans may be used to repair, improve, or modernize $20,000 maximum Interest rate is 1% fixed
Housing Repair Loan Development, Members income level for each family size Applicants must currently homes or remove health and safety hazards. outstanding loan at any time rate with a maximum
(504) loan Program USDA own and occupy the home. loan term of 20 years
YEAR-ROUND Generally, rural areas with a population less than 35,000 determined by repayment
are eligible. Applicant income limits apply. ability
See http://eligibility.sc.egov.usda.gov/eligibility/
TION
Single Family Rural Tribal Applicants with income at or below 50% of the median Grants must be used to correct health and safety $7,500 lifetime maximum Grant recipient must
Housing Repair Grant Development, Members income limit for the county in which they reside, that own hazards or to provide accessibility to households live in dwelling 3 years
(504 Grant) USDA their home, and are at least 62 years of age or older. with disabilities. after the grant is made or
YEAR-ROUND Generally, rural areas with a population less than 35,000 repay the grant funds
are eligible. Applicant income limits apply.
See http://eligibility.sc.egov.usda.gov/eligibility/
AIR/R VAENO
Housing Rural Organizations, Generally, rural areas with a population less than 35,000 Any program that oers aordable assistance (loans, $20,000 - $50,000 Grant
Preservation Grant Development, Tribes are eligible. Applicant income limits apply. grants, subsidies, technical assistance, etc.) to repair
(HPG 533 Grant) USDA See http://eligibility.sc.egov.usda.gov/eligibility/ low income housing.
ANNUALLY
REP
Multi-family Housing Rural Organizations Section 514, 515, and 516 borrowers. •Preserve and improve existing Rural Rental Hous- Limited funding Varies
Preservation and Development, ing and O-Farm Labor Housing projects in order
Revitalization Loans USDA to extend their aordable use without displacing
and Grants (MPR) tenants through increased rents
ANNUALLY* •A third party Capital Needs Assessment (CNA) will
help identify project needs.
Weatherization DOE Tribes Section 514, 515, and 516 borrowers in States, Territories, Provides grants to states, territories, and some Indian Approximately $6,500 per
Assistance Program and Some Indian Tribes. tribes to improve the energy eciency of the homes home
of low-income families.
TION
Farm Labor Housing Rural Organizations, Nonprofit limited partnerships with NP GP, nonprofits, Construction of new o-farm farm labor housing $3 million maximum (total loan Loan: 1% fixed; 33 years //
(514/516 Loan and Development, Tribes tribes, public agencies. units and related facilities for year-round and migrant and grant). Limited partner- Grant: 33 years
Grant) USDA domestic farm laborers. ships with NP GP are not eligi-
ANNUALLY ble for Section 516 Grants
TRUC
Rural Housing Site Rural Organizations Generally, rural areas with a population less than 35,000 Purchase sites for construction of self help homes; Annual Allocation 3% for 2 years
Loans Section 523 Development, are eligible. Private or public nonprofit organizations. loan is repaid as lots are sold.
YEAR-ROUND USDA See “http://eligibility.sc.egov.usda.gov/eligibility/
ONC S
Rural Housing Site Rural Organizations Generally, rural areas with a population less than 35,000 Purchase sites for construction of home; loan is Annual Allocation Market rate at time of
Loans Section 524 Development, are eligible. See http://eligibility.sc.egov.usda.gov/eligibility/ repaid as lots are sold. loan approval or closing
YEAR-ROUND USDA Private or public nonprofit organizations. for 2 years
Rural Rental Housing Rural Organizations, Rural Areas of 35,000 people or less. Develop new rental housing. $1 million maximum. In recent 1% fixed (using interest
Direct Loan (515 Development, Tribal Mem- years there has been no fund- credit); 30 years with
Loan)
ANNUALLY USDA bers, Tribes ing available to finance new 50-year
construction. amortization
CE
Guaranteed Rural Rural Organizations, Rural Areas of 35,000 people or less. Loans for new construction, purchase and No maximum or minimum Negotiated between bor-
Rental Housing Loan Development, Tribal rehabilitation/renovation of existing apartments. amount rower and lender. (USDA
(GRRH 538 Loan) USDA Members, may provide interest
YEAR-ROUND Tribes credit to reduce the eec-
tive interest rate)
ANT
Rental Assistance Rural Tribal Property: Section 514 and 515 borrowers; AND Tenants: USDA provides subsidy to multi-family housing Makes up the dierence be- N/A
Program Development, Members Persons with disabilities or income less than 80% of area complex owner for rental assistance. tween the tenant’s contribution
YEAR-ROUND USDA median income, and unable to pay the basic monthly rent (30% of adjusted income) and
may petition the 514 or 515 borrower to apply for RA. the monthly rental rate
Indian Loan Oce of Native Tribal Provide access to loan financing for Native American $6 million Varies
Guarantee Program American Members (or AIAN) families and tribes, guaranteeing the mort-
(Section 184) Programs, gage of a prospective mortgage applicant.
YEAR-ROUND HUD
GE & REN AL ASSISMORTGA T
Making Home Oce of Financial Tribal Homeowners may be eligible for MHA programs if: Assist homeowners struggling with their monthly
Aordable (MHA) Stability , Members •Due to financial hardship, they are struggling to make mortgage payments by lowering their mortgage
/ Home Aordable Treasury their mortgage payments. payments, refinancing at lower interest rates, getting
Modification Program •They are behind or in danger of falling behind on their help if mortgage balance exceeds property value, or
(HAMP) mortgage. helping the applicant to transition to more aordable
YEAR-ROUND •They owned the home before January 2009 and the housing through a short sale or deed-in-lieu.
property has not been condemned.
•They owe up to $729,750 on their primary residence or
one-to-four unit rental property (loan limits are higher for
two- to four-unit properties).
•They have not been convicted within the last 10 years
of a crime in connection with a mortgage or real estate
transaction.
Making Home Federal Housing Tribal Homeowners (1) whose loan-to-value (LTV) ratio exceeds Assist homeowners whose home values have Program is extended until the
Aordable (MHA) Finance Agency Members 80%, (2) whose mortgage loans are owned by Freddie declined, and who are unable to refinance their mort- end of 2016.
/ Home Aordable Mac or Fannie Mae, (3) who owned the home before May gage loans at current low interest rates because they
Refinance Program 31, 2009, (4) who made no late mortgage payments in the have little, no or negative home equity.
(HARP) past 6 months and no more than one late payment in the
past year, and (5) whose home is a primary residence, a
1-unit second home, or a 1- to 4-unit investment property.
Veteran Aairs Health Care Organizations; Only programs with supportive housing (up to 24 months) Purpose is to promote the development and Grants: limit is 65% of costs of
Homeless Providers for Homeless Tribes or service centers are eligible for these funds. provision of supportive housing and/or supportive construction, renovation, or
Grant and Per Diem Veterans Program services with the goal of helping homeless Veterans acquisition of a building for use
(GPD) Program (HCHV), achieve residential stability, increase their skills as service centers or traditional
ANNUALLY VA levels and/or income, and obtain greater self- housing for homeless Veterans
determination. Per Diem: maximum of
$43.32/day
CES
Special housing Veterans Benefits Tribal Blindness in both eyes with 20/200 visual acuity or less, To help Veterans or their family members with Maximum dollar amount Maximum of 3 grants, up
Adaptation (SHA) Administration, Members OR loss of or loss of use of both hands OR, certain severe certain service-connected disabilities adapt or allowable in FY15 is $14,093. to the maximum dollar
Grant VA burn injuries, OR certain severe respiratory injuries. purchase a home to accommodate the disability. Temporary grant for $5,523 allowable
TERANS RESOUR
Specially Adapted Veterans Benefits Tribal Loss of or loss of use of both legs OR, loss of or loss of Help Veterans with certain service-connected Maximum dollar amount for FY Maximum of 3 grants, up
Housing (SAH) Grant Administration, Members use of both arms OR, blindness in both eyes having only disabilities to 15 is $70,465; temporary grant to the maximum dollar
VA light perception, plus loss of or loss of use of one leg OR, •construct a specially adapted home on land to be for $30,934 allowable
the loss of or loss of use of one lower leg together with acquired;
residuals of organic disease or injury OR, the loss of or loss •build a home on land already owned if it is suitable
of use of one leg together with the loss of or loss of use for specially adapted housing
of one arm OR, certain severe burns OR, the loss or loss of •remodel an existing home if it can be suitable for
use of one or more lower extremities due to service on or specially adapted housing
after September 11, 2001, which so aects the functions of •apply the grant against the unpaid principal mort -
balance or propulsion as to preclude ambulating without gage balance of an adapted home already acquired
the aid of braces, crutches, canes, or a wheelchair. without the assistance of a VA grant.
VE
Native American VA Tribal Must have available entitlement, tribal government must Provides direct home loans from VA to eligible Loans 4.0% ; subject to change
Veterans Direct Members have signed an MOU with the Secretary of Veterans Aairs, Native American Veterans to finance the purchase, due to market fluctua-
Home Loans loan must be to purchase, construct, or improve a home construction, or improvement of homes on Federal tions
on Federally-recognized trust or allotted land, Veteran Trust land, or to refinance a prior NADL to reduce the
must occupy the property as his or her home, must be a interest rates.
satisfactory credit risk, income of Veteran and Spouse must
be shown to be stable and sucient to meet mortgage
payments, cover costs of other home expenses, take care
of other obligations and expenses, and have enough left-
over to support the family.