Funds are provided to assist public or private non-profit organizations in providing sites for housing, to acquire and develop land in rural areas that will be subdivided as building sites and sold on a cost development basis to families eligible for low- and very low-income loans, cooperatives, and broadly based non-profit rural rental housing applicants. Money can also be used for water and sewer facilities, needed landscaping, walks, parking areas, and driveways. Those eligible for loans include private or public non-profit organizations that will provide the developed sites to qualified borrowers on a cost of development basis in open country and towns of 10,000 population or less and places up to 25,000 population under certain conditions. (10.411 Rural Housing Site Loans and Self-Help Housing Land Development Loans (Section 523 and 524 Site Loans) ) . Contact Director, Single-Family Housing Processing Division, Rural Housing Service, Department of Agriculture, Washington, DC 20250; 202-720-1474; www.rurdev.usda.gov
Income Eligibility: Determined on a case-by-case basis.
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