Best Practice

USDA Rural Homeowner Assistance Program

The USDA rural homeowner assistance program provides financial assistance for ownership, renovation, repairs, preservation, and technical assistance; direct loans are also provided under Section 502; and rental assistance can be provided for elderly, disabled, and low-income residents. These programs aim to keep residents in place by lowering costs to owners. Money usually flows through local nonprofits or governments.

Cost

$, Public officials may need to dedicate additional time and administrative tasks in order to encourage use of federal funds in their community.

Timeframe

On-going

Code

Affordable Housing, Collaboration / Partnerships, Government, Ownership, Rentals

Challenge

Limited Funding

Practice Tool

Financing

Population

Homeowners, Low-Income Residents, Renters

Setting

Rural