Farm Labor Housing Direct Loan Program:
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PURPOSE
The Farm Labor Housing Direct Loan Program provides safe, affordable, rental housing for farm workers living on or near the land they work.
ELIGIBILITY
Farmers
Public Agencies
Farmer’s Associations
Non-Profit Organizations
Family Farm Cooperatives
Farm Workers Associations
FUND USE
New Construction
Repairs & Improvements
Substantial rehabilitation of rental housing
LOAN
Individual
families receive a direct loan
RATES
Loan interest is 1% interest for 33 years
TERMS OF REPAYMENT
Loan
amortized over 33 years at 1% interest
MAXIMUM AMOUNTS
Up to 100% of market value
RESTRICTIONS
Rural areas, towns, & cities maximum population – 20,000 or less
APPLY TODAY
To get started building your future today, contact your Rural Development State Office to fill out a Farm Labor Housing Direct Loan Program Application to begin the approval process