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.
Catalog of Federal Domestic Assistance Number:
U.S. Department of Agriculture, USDA Rural Development
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:
- 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
- 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.
Capital funding · Housing and homelessness
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.