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Rural Development

Housing & Community Facilities Programs



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Community Facilities Guaranteed Loan Program

Examples of eligible lenders are:

  • Banks or savings and loan associations
  • Mortgage companies that are part of banks or holding companies
  • Farm Credit Banks
  • Insurance companies regulated by the National Commissioner of Insurance Companies

Other lenders under Federal or State credit examination and supervision may also be approved by the Housing and Community Facilities Programs Administrator

The Housing and Community Facilities Programs Community Facilities Program assists in development of essential community facilities and services in rural areas of up to 20,000 in population.  To see examples of projects which may be eligible for essential community facilities under the Community Facilities Loan and Grant Programs click here.

Loans can be guaranteed to municipalities, counties, and special-purpose districts, as well as to non-profit corporations and tribal governments.  Applicants must have the legal authority to borrow and repay loans, to pledge security for loans, and to construct, operate, and maintain the facilities.  They must also be financially sound and able to organize and manage the facility effectively.

The interest rate is negotiated between the lender and the applicant.  It may be fixed, variable, or both.  Loan payments must be amortized.  Loan terms are for the estimated useful life of the facility or no more than 40 years.  The Housing and Community Facilities Programs can guarantee up to 90% of the worth of the loan.

For more information about the HCFP Community Facilities program, click here.

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To determine eligibility for these and other Housing and Community Facilities Programs programs, please contact your local or State Rural Development office.


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