Lincoln, Nebraska, Jul 14, 2011 -- The United States Department of Agriculture (USDA) Rural Development published NOTICE in the July 13, Vol. 76 No. 134 Federal Register announcing the timeframes and guidelines for applications to be submitted under the agency's Section 515 or Purchase and Rehabilitation of Existing Rural Multi-Family Properties. Applications are awarded funding based on a national competitive application process.
The Rural Rental Housing (RRH) loan program helps build and maintain affordable multi-family housing rental developments in rural areas. Potential applicants include individuals, corporations, associations, partnerships, limited partnerships, state or local public agencies, nonprofit organizations, and Indian tribes. Minimal Rural Development rental assistance will be available and will be based upon demonstrated need.
Only rural rental housing proposals located in the state’s designated places will be accepted for review. Designated places were selected based upon certain demographic data that indicated a possible need for additional affordable rental units. Fiscal Year 2011 Nebraska designated places are: Ainsworth, Alma, Arapahoe, Arlington, Aurora, Bayard, Beatrice, Beemer, Bertrand, Blair, Blue Hill, Broken Bow, Cairo, Callaway, Cambridge, Cedar Bluffs, Ceresco, Chappell, Clarkson, Clay Center, Crawford, Crofton, David City, Deshler, Doniphan, Dorchester, Eagle, Elm Creek, Elwood, Emerson, Exeter, Fairbury, Fairmont, Falls City, Franklin, Friend, Genoa, Gibbon, Grant, Gretna, Hay Springs, Henderson, Hickman, Holdrege, Hooper, Howells, Humboldt, Imperial, Indianola, Kenesaw, Kimball, Louisville, Loup City, Lyons, Madison, McCook, Milford, Minatare, Mitchell, Nelson, Newman Grove, Ogallala, O’Neill, Ord, Osceola, Overton, Oxford, Pawnee City, Pender, Plattsmouth, Ravenna, Red Cloud, Rushville, Sargent, Schuyler, Scribner, Shelby, Shelton, Sidney, Springfield, Stanton, Stromsburg, Stuart, Superior, Sutherland, Tekamah, Utica, Valentine, Valley, Wakefield, Wausa, Wayne, Waverly, Weeping Water, West Point, Wilber, Wood River, Wymore, York, and Yutan.
Applications are to be delivered by 5 p.m. Central Time on August 29, 2011 to USDA Rural Development, Rm. 152 Federal Building; 100 Centennial Mall North; Lincoln, Nebraska 68508-3888. A copy of the NOFA and electronic pre-application may be accessed online at: http://www.rurdev.usda.gov/rhs/mfh/MPR/MPRHome.htm and click on the link for “2011 NOFA – Rural Rental Housing”.
Contact the Nebraska USDA Rural Development State Office for additional information at (402) 437-5734. Visit http://www.rurdev.usda.gov/ (click on Loans and Grants on the left side of the web site).