The Housing and Community Facilities Programs works with
private lenders to guarantee loans to borrowers for the construction of multi-family
housing units; community facilities; and individual homes. Most loan guarantees
issued by the Housing and Community Facilities Programs are from 80-100% of the amount of the loan.
The reasons investors might choose to work with the
Housing and Community Facilities Programs are many. Since loan guarantees issued by
HCFP are backed by
the full faith and credit of the U.S. Treasury, many lenders consider HCFP programs to be a
relatively risk-free way to expand portfolios.
Also, loans made possible by partnerships
between HCFP and private lenders improve the economic health of rural communities.
The continued well-being of rural areas provides more opportunities for lending
institutions which invest in these communities
The following is a list of programs in
which lenders might be interested, and information about lender eligibility.