NAHMA USDA Update: MPR Funding Available to Help Preserve and Improve Affordable Rental Housing in Rural Communities
October 1, 2024
Dear NAHMA Members –
Below, please find the RD stakeholder announcement inviting applications for preservation funding:
STAKEHOLDER ANNOUNCEMENT
USDA Seeks Applications for Funding to Help Preserve and Improve Affordable Rental Housing in Rural Communities
WASHINGTON, Sept. 27, 2024 – U.S. Department of Agriculture (USDA) Rural Development Under Secretary Dr. Basil Gooden today invited applications for loans, grants and debt deferrals to preserve or improve safe affordable rental housing for low-income residents and farmworkers in rural communities.
The funding is being made available through the Multifamily Housing Preservation and Revitalization Demonstration Program and the Rural Rental Housing Program.
Under the Multifamily Housing Preservation and Revitalization Demonstration Program, USDA is providing grants, and debt deferrals, as well as zero- and low-interest loans, to owners of USDA-financed rental and farmworker housing properties in rural areas.
To learn more, read full Stakeholder Announcement
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USDA is an equal opportunity provider, employer, and lender.
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