The Funding Sources Inventory tool allows you to search a database of funding sources created for this guide to determine which may be relevant to consider for your development. Use the filters at the top of the page to narrow down the list of possible sources based on the characteristics of your development. The funding sources shown in the list at the bottom will be those that match at least one of the criteria from each of the filter categories you have selected (in other words, the filters use OR logic within each filter category and AND logic across filter categories). Review the remaining list to learn more about each program. You can click the “Details” button to display detailed information about each funding source.

Eligible UsesInclude funding that can be used for:

Funding TypeInclude the following type(s) of funding:

Affordability RequirementsShow funding that may have affordability requirements?

Funding Sources Inventory

Displaying 1 - 11 of 11
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USDA 515 Program 
The USDA 515/Multi-family Housing Direct Loan Program provides competitive direct loans to finance multifamily rental housing that services low-income families and elderly or disabled individuals. Rental assistance for individuals and households living in properties financed with 515 is also available.
Details
Eligible home types:
Multifamily rental development
Eligible recipients:
  • Nonprofit and for-profit associations and corporations
  • Individuals, partnerships, and trusts
  • Consumer cooperatives and partnerships
  • Public or private nonprofit organizations
  • Federally-recognized Tribes
Eligible uses:
  • Construction, improvement and purchase of multi-family rental housing
  • Land purchase and improvement
  • Infrastructure
Affordability requirements:
Geography funding is available to :
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Projects developed with USDA Multifamily Housing Direct Loans must be in compliance with NEPA.
Links to more information:
USDA Single Family Housing Direct Home Loans (aka Section 502 loans)
This program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.
Details
Eligible home types:
2,000 square feet or less, no in-ground swimming pools, not have market value in excess of the applicable area loan limit set by USDA. Homes must be used as a primary residence and should not be designed for income producing activities.
Eligible recipients:
Low-income households who lack decent, safe and sanitary housing but are unable to obtain a loan from other resources
Eligible uses:
To help low-income individuals or households purchase homes in rural areas Build, repair, renovate or relocate a home Purchase and prepare sites (including providing water and sewage facilities)
Affordability requirements:
Funding must be used to support homeownership for low and very-low-income families living in rural areas
Geography funding is available to :
Eligible rural areas as defined by USDA
Maximum financial assistance per project:
Varies depending on applicant's assessed repayment ability and the area loan limit for the county in which the property is located
Additional notes or requirements:
Links to more information:
Housing Assistance Council
HAC is a certified Community Development Financial Institution (CDFI) focused on improving housing and living standards for rural low- and very low-income households and supporting development of new affordable housing in rural America.
Details
Eligible home types:
  • Subdivisions and new single or multifamily housing units,
  • preservation and rehabilitation of existing affordable housing including USDA RD Sec 515 and 514 units,
  • HUD-subsidized housing and
  • naturally occurring affordable housing.
  • or multifamily housing units
Eligible recipients:
All rural housing developers (Community-based, nonprofit organizations, housing development corporations, for-profit developers, self
  • help housing sponsors, farm worker organizations, cooperatives, land trusts, Indian tribes, public agencies and units of local government)
Eligible uses:
Predevelopment New construction Acquisition and rehabilitation
Affordability requirements:
None
Geography funding is available to :
Rural areas nationwide (as designated by FHFA Duty to Serve Rural Definitions or USDA Housing Programs Eligibility)
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
RCAC
Founded in 1978, Rural Community Assistance Corporation (RCAC) is a 501(c)(3) nonprofit organization that provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC financing helps developers build single and multifamily affordable housing units for low-income families.
Details
Eligible home types:
Multifamily and single-family, including manufactured home parks
Eligible recipients:
Nonprofit developers, local government agencies, and tribal governments
Eligible uses:
Acquisition Pre-development Site development Construction Green building
Affordability requirements:
Housing must serve very-low or low-income households (mixed income projects are eligible, but RCAC financing is limited to the low-income portion of the project)
Geography funding is available to :
Rural areas with populations of 50,000 or less in 11 western states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah and Washington. 
Maximum financial assistance per project:
Varies by project ($3 million for acquisition or construction)
Additional notes or requirements: Applications are accepted year-round, and you can apply through your local USDA RD office. A list of USDA RD offices are available at this link: tinyurl.com/RDStateOffices.
Links to more information:
Rural Housing Site Loans (aka Section 523 Mutual Self-Help Housing Program and Section 524 loans)
Rural Housing site loans provide two types of loans to purchase and develop housing sites for low- and moderate-income families. Section 523 loans are used to acquire and develop sites only for housing constructed via the Self-Help method (where households construct the homes themselves, with technical assistance from the grantee), while Section 524 loans are not restricted to a specific construction method.
Details
Eligible home types:
Single-family homes
Eligible recipients:
Private or public non-profit organizations; federally recognized tribes
Eligible uses:
Administrative activities (salaries, office space, program costs related to supervising households as they build their homes) Purchase and development of housing sites for low and moderate-income households Supportive infrastructure for housing sites (e.g. street, walkway, or utilities investments)
Affordability requirements:
Housing sites must serve low and moderate-income families (low-income is defined as between 50-80% of the area median income; the upper limit for moderate income is 115% of area median income)
Geography funding is available to :
Rural areas nationwide. Determine eligibility of your site here: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1
Maximum financial assistance per project:
Varies by location.
Additional notes or requirements: Applications are accepted year-round, and you can apply through your local USDA RD office. A list of USDA RD offices is available at this link: tinyurl.com/RDStateOffices.
Links to more information:
HUD Section 184 Loan Guarantee Program 
The Section 184 Loan Program was designed to provide access to mortgage financing to Native American and Alaskan Native tribal members. Section 184 home loans are guaranteed 100% by the Office of Loan Guarantee within HUD's Office of Native American Programs. This guarantee encourages national and local banks to provide mortgage loans to Native Americans. The Office of Loan Guarantee works with a national network of lenders to increase Native access to home financing and to improve the value of Native investments.
Details
Eligible home types:
Single-family homes (1-4 units) that will be a primary residence (i.e. not a second home)
Eligible recipients:
Currently enrolled members of Federally Recognized Tribes, Tribally Designated Housing Entities (TDHEs), and Indian Housing Authorities
Eligible uses:
You can use the Section 184 Loan to: Purchase an Existing Home Construct a New Home (Site-Built or Manufactured Homes on permanent foundations) Rehabilitate a Home, including weatherization Purchase and Rehabilitate a Home Refinance a Home (Rate and Term, Streamline, Cash Out)
Affordability requirements:
None
Geography funding is available to :
All counties in CO are authorized by HUD; each Tribe designates what land is eligible for their members who wish to use Section 184 funds (this is not necessarily limited to tribal trust land)
Maximum financial assistance per project:
Varies by county
Additional notes or requirements:
Links to more information:
Tribal Housing Activities Loan Guarantee Program (Title VI) 
The purpose of the Title VI loan guarantee is to assist Indian Housing Block Grant (IHBG) recipients (borrowers) who want to finance additional grant-eligible construction or development at today’s costs. Tribes can use a variety of funding sources in combination with Title VI financing, such as low-income housing tax credits.
Details
Eligible home types:
All (anything eligible for IHBG is eligible for Title VI)
Eligible recipients:
IHBG recipients (i.e. Federally Recognized Tribes, Alaska Native Villages, and Tribally Designated Housing Entities [TDHEs])
Eligible uses:
Create new housing Rehabilitate housing Build infrastructure Construct community facilities Acquire land to be used for housing Prepare architectural & engineering plans Fund financing costs
Affordability requirements:
Grant funds must be used to primarily benefit low-income Native families
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
The maximum guarantee amount that a tribe/TDHE can borrow is approximately five times the need portion of the annual IHBG allocation. There is no minimum loan size.. A tribe/TDHE may have one or more Title VI loans, but the combined total may not exceed the maximum guarantee amount.
Additional notes or requirements:
Links to more information:
Indian Housing Block Grant (IHBG) 
The Indian Housing Block Grant (IHBG) program is a formula grant administered by HUD. Under the program, eligible Indian tribes and tribally-designated housing entities (TDHEs) receive grants to carry out a range of affordable housing activities.
Details
Eligible home types:
All
Eligible recipients:
Federally Recognized Tribes and Tribally Designated Housing Entities (TDHEs) who submit an Indian Housing Plan and complete Annual Performance Reports
Eligible uses:
Grant funds may be used to develop, maintain, and operate affordable housing in safe and healthy environments on Indian reservations and in other Indian areas, and carry out other affordable housing activities.
Affordability requirements:
Housing units available for low-income Indian families
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies
Additional notes or requirements:
HUD strongly encourages new affordable housing construction projects that will increase the number of housing units available for low-income Indian families and help address the housing shortage in Indian Country. Additionally, HUD encourages housing rehabilitation projects that will increase the useful life of existing affordable housing units and alleviate substandard housing conditions. HUD also encourages necessary affordable housing-related infrastructure projects that will enable future construction or rehabilitation. While HUD will give funding priority for new construction projects, rehabilitation projects, and related necessary infrastructure projects, applicants may also apply for funding to carry out other eligible activities under NAHASDA.
Links to more information:
Indian Community Development Block Grant (ICDBG) 
The Indian Community Development Block Grant (ICDBG) program provides direct grants for activities related to housing, community facilities, and economic opportunities, primarily for low- and moderate-income persons.
Details
Eligible home types:
All
Eligible recipients:
Federally-recognized tribal nations and Alaska Native villages
Eligible uses:
Housing (primarily rehabilitation and land acquisition for new construction, but also new housing construction in some circumstances) Community facilities (infrastructure for and construction of community buildings) Economic development projects
Affordability requirements: Program funds are required to principally benefit low- and moderate-income persons
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Determined annually (specified in each NOFA)
Additional notes or requirements:
ICDBG funds are exempt from federal prevailing wage requirements
Links to more information:
Tribal HUD-VASH 
Tribal HUD-VASH combines rental assistance from HUD with case management, clinical and supportive services provides by VA specifically for Native American Veterans who are homeless or at risk of homelessness. Grant funding is available to federally-recognized Tribes and Tribally Designated Housing Entities (TDHEs) to administer this rental assistance, in partnership with the Department of Veterans Affairs (VA) who provides case management and supportive services to recipients of the assistance.
Details
Eligible home types:
Rental
Eligible recipients:
Federally-recognized tribal nations and TDHEs
Eligible uses:
Rental assistance for homeless Native American Veterans
Affordability requirements:
Serve Native American Veterans who are homeless or at risk of homelessness
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Rental assistance varies
Additional notes or requirements:
Links to more information:
VA Native American Veteran Direct Loan Program 
The Native American Direct Loan (NADL) program is designed to assist households headed by Native Veterans in accessing financing to buy, build, or improve a home on federal trust land.
Details
Eligible home types:
Primary residences
Eligible recipients:
Veterans who are Native American or are married to someone who is Native American
Eligible uses:
Buy, build, or improve a home on federal trust land
Affordability requirements:
Geography funding is available to :
Federal trust land
Maximum financial assistance per project:
Varies based on applicant credit history, income, and assets
Additional notes or requirements:
Links to more information:
Displaying 1 - 1 of 1
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USDA 515 Program 
The USDA 515/Multi-family Housing Direct Loan Program provides competitive direct loans to finance multifamily rental housing that services low-income families and elderly or disabled individuals. Rental assistance for individuals and households living in properties financed with 515 is also available.
Details
Eligible home types:
Multifamily rental development
Eligible recipients:
  • Nonprofit and for-profit associations and corporations
  • Individuals, partnerships, and trusts
  • Consumer cooperatives and partnerships
  • Public or private nonprofit organizations
  • Federally-recognized Tribes
Eligible uses:
  • Construction, improvement and purchase of multi-family rental housing
  • Land purchase and improvement
  • Infrastructure
Affordability requirements:
Geography funding is available to :
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Projects developed with USDA Multifamily Housing Direct Loans must be in compliance with NEPA.
Links to more information:
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