Portland, Oregon, Feb 22, 2012 -- USDA wants to partner with housing assistance providers or other organizations developing demonstration projects for affordable single family housing that will reduce costs, raise the standard of living, and improve the environment for low-income rural Oregon residents.
Under the federal fiscal year 2012 Innovative Demonstration Initiative, USDA Rural Development will consider proposals for new approaches and designs for construction of affordable, durable, efficient single family homes. Applicants must have experience with USDA housing programs and have the financial, legal and administrative capacity to build innovative housing for low-income applicants. Proposals must be ready for full-scale testing in a rural setting.
Housing approved through the demonstration initiative would then become qualified property for purchase by residents through the Section 502 Direct Home Loan Program, which offers eligible low-income home buyers 100-percent financing, low fixed rates, and a 33- to 38-year term.
USDA Rural Development has set aside $1 million in funding nationwide to help low-income residents purchase homes developed through demonstration projects in fiscal year 2012. The homes must be located in an eligible rural area (generally, up to 25,000 in population).
Grant funds are not authorized through this announcement.
“We’re looking for creative efforts to build good-quality, affordable and energy-efficient single family housing,” said USDA Rural Development Oregon State Director Vicki Walker. These may include new or improved energy-saving houses, roofing that cools, new building techniques that cut costs while improving quality, or other innovative features.”
More information about requirements for the Rural Housing Demonstration Proposals, including the required application and release form, can be found online:
Proposals are due at the USDA Rural Development Oregon State Office by close of business on July 6, 2012. To submit a proposal or find additional information, contact:
USDA Rural Development
Attn: Rural Housing Programs
1201 NE Lloyd Blvd., Ste. 801
Portland, OR 97232-1274
Phone: (503) 414-3353
TDD: (503) 414-3387
Fax: (503) 414-3383
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure, and facility programs through a national network of state and local offices. Rural Development has an existing portfolio of more than $155 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers, and ranchers and improve the quality of life in rural America. Further information on rural programs is available at any of Oregon’s Rural Development offices in Pendleton, Corvallis, Redmond, Roseburg and Portland or by visiting USDA's RD Oregon’s Web site: http://www.rurdev.usda.gov/OR_Home.html.
USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (800) 795-3272(voice), or (202) 720-6382 (TDD).