HAC Loan Funds are available to affordable housing developer - nonprofits and for-profit organizations; not individuals. Standard loan terms are up to five years, with an interest rate of 5% (nonprofits) and 8% (for-profits). Longer terms are available depending on the type of project (e.g., USDA preservation).
If you have a project and are interested in applying for HAC Loan Funds, please complete and submit this form. A Loan Officer will follow up with a phone call to discuss your project and the next steps.
HAC Loan Fund capital is only available for organizations. If you are an individual looking for housing assistance, please visit www.ruralhome.org/individuals.