Multi-Family Housing Loan Guarantees
USDA Rural Development Multi-Family Housing Loan Guarantees provide loan guarantees for qualified private-sector lenders to provide financing to qualified borrowers with the intent of increasing the supply of affordable rental housing for low to moderate income individuals and families in eligible rural areas and towns.
Loans may be used for construction, improvement, and purchase of multi-family rental housing for low to moderate income families and individuals, as well as for buying and improving land, and providing the necessary infrastructure for multi-family housing.
Private lenders may apply. Lenders are automatically eligible if approved and active in one of the following programs:
- Fannie Mae, Freddie Mac, and Ginnie Mae
- Federal Home Loan Bank members
- State or local housing finance agencies
Eligible borrowers include:
- Most state and local governmental entities
- Nonprofit organizations
- For-profit organizations, including LLCs
- Federally-recognized tribes
Eligible areas include rural areas and towns with 35,000 or fewer people and federally-recognized tribal lands.
USDA offers guarantees of up to 90% of the loan amount with terms between 25-40 years.
Choose the appropriate state in the drop down menu on the top right of the program website. This will open the state specific page. Tabs at the top of the page will show general program information, forms and resources, and state specific contact information.
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.