Affordable Housing Loans for Low-Income Rural Communities
Kristin Blum
207.596.0033
kristin@ruralhome.org
Ainsworth Thompson
202.842.8654
ainsworth@ruralhome.org,
Housing Assistance Council (HAC) provides short-term loans at below market interest rates to local nonprofits, for-profits, and government entities that are working to develop affordable housing for low-income, rural communities.
HAC loans may be used for:
- Predevelopment
- Acquisition
- Construction
- Self-help housing
- Preservation
Eligible applicants include:
- Community-based nonprofit organizations
- Housing development corporations
- Self help housing sponsors
- Farm worker organizations
- For-profit developers
- Cooperatives
- Tribes
- Land trusts
- Public agencies
- Units of local government
Loan amounts and terms vary by project needs and borrower collateral.
Links to the fact sheet and online loan inquiry form are available on the program website.
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.