Single Family Housing Direct Loan Program
Recovery Goals
The objective of the Single Family Housing (SFH) Program is to provide 100% home ownership financing to credit- and income-eligible individuals for a residence located in a rural area. The Single Family Housing Program defines rural as an area with a population not more than 10,000 if the area is located outside a metropolitan area. The specific Recovery Act goals are to:
- Increase home ownership in rural areas
- Improve the quality of life for rural Americans
- Create and/or save jobs in rural areas.
Performance Measurements
| Outcome | Output/Measure | Result |
|---|---|---|
| Increase the number of homeowners | Number of loans obligated | 11,141 |
| To increase the percentage of loans closed within 30 days of obligation from 69% to 95% by September 30, 2010 | Percentage of loans closing within 30 days of obligation | 88.92% |
| To maintain the new loan delinquency rate for ARRA loans at the same or better level as loans funded with annual appropriated funds | New loan delinquency rate | Annual: 2.86% ARRA: 2.45% |
Funding
RD ARRA Program Funding*
| Total RD Program-Level ARRA Funding: | $21,482,204,278 |
| SFH Direct Loan Program-Level ARRA Funding: | $1,562,971,449 |
SFH Direct Loan ARRA Obligated Funds
| SFH Direct Loan Program-Level ARRA Funding*: | $1,562,971,449 |
| Obligated: | $1,395,291,645 |
*Note: Funding has been calculated based on a budget authority using conversion rates for direct loans.
SFH Direct Loan ARRA Obligated Projects
| Number of SFH Direct Loan ARRA Projects: | 11,141 |
| Number of States and Territories Awarded: | 53 |
| From: | To: | |
|---|---|---|
 |
$0 | $0 |
 |
$1 | $13,194,059 |
 |
$13,194,060 | $23,423,582 |
 |
$23,423,583 | $35,391,574 |
 |
$35,391,575 | $73,909,028 |
| State | Number of SFH ARRA Direct Loans | Funding Obligated |
||
|---|---|---|---|---|
| Alabama | 152 | $16,730,052 | ||
| Alaska | 91 | $17,486,483 | ||
| American Samoa | 0 | $- | ||
| Arizona | 157 | $19,470,242 | ||
| Arkansas | 266 | $24,943,879 | ||
| California | 451 | $73,909,028 | ||
| Colorado | 152 | $22,892,623 | ||
| Connecticut | 44 | $8,671,715 | ||
| Delaware | 83 | $15,852,423 | ||
| Florida | 227 | $24,918,914 | ||
| Georgia | 346 | $39,072,312 | ||
| Guam | 53 | $10,558,400 | ||
| Hawaii | 37 | $8,309,820 | ||
| Idaho | 341 | $48,607,173 | ||
| Illinois | 299 | $26,238,448 | ||
| Indiana | 475 | $52,106,650 | ||
| Iowa | 311 | $28,971,918 | ||
| Kansas | 197 | $17,108,629 | ||
| Kentucky | 374 | $42,012,011 | ||
| Louisiana | 262 | $32,253,075 | ||
| Maine | 213 | $32,648,030 | ||
| Maryland | 100 | $19,686,635 | ||
| Massachusetts | 110 | $21,866,389 | ||
| Michigan | 397 | $40,036,370 | ||
| Minnesota | 254 | $31,373,445 | ||
| Mississippi | 290 | $25,386,457 | ||
| Missouri | 508 | $48,056,323 | ||
| Montana | 209 | $30,970,166 | ||
| State | Number of SFH ARRA Direct Loans | Funding Obligated |
||
|---|---|---|---|---|
| Nebraska | 136 | $10,077,783 | ||
| Nevada | 75 | $10,246,120 | ||
| New Hampshire | 122 | $19,946,931 | ||
| New Jersey | 93 | $16,922,755 | ||
| New Mexico | 41 | $4,877,032 | ||
| New York | 120 | $12,459,470 | ||
| North Carolina | 459 | $60,842,112 | ||
| North Dakota | 47 | $5,469,010 | ||
| Northern Mariana Islands | 0 | $- | ||
| Ohio | 299 | $35,356,878 | ||
| Oklahoma | 234 | $23,423,583 | ||
| Oregon | 216 | $33,744,285 | ||
| Pennsylvania | 254 | $38,229,464 | ||
| Puerto Rico | 171 | $16,934,715 | ||
| Rhode Island | 22 | $4,786,223 | ||
| South Carolina | 323 | $40,343,011 | ||
| South Dakota | 104 | $11,681,265 | ||
| Tennessee | 414 | $43,980,215 | ||
| Texas | 363 | $35,391,575 | ||
| Utah | 321 | $52,447,981 | ||
| Vermont | 90 | $13,194,060 | ||
| Virgin Islands | 3 | $380,000 | ||
| Virginia | 215 | $31,031,607 | ||
| Washington | 244 | $48,044,738 | ||
| West Virginia | 153 | $17,529,010 | ||
| Wisconsin | 168 | $19,970,443 | ||
| Wyoming | 55 | $7,843,767 | ||