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