The Housing Assistance Council released the USDA Rural Development Housing Program Funding Activity: FY 2014 Year-End Report, which provides an overview of the United States Department of Agriculture’s (USDA) rural housing loan and grant obligation activity. For multi-family programs, the report looks at how Section 515 funds, multi-family housing vouchers, and rental assistance contracts were awarded.
HAC tabulated data using the USDA Finance Office obligation reports (USDA/Rural Development report code 205c, d and f) and data from the USDA Single Family Housing and Multifamily Housing Divisions in the National Office. The comprehensive report includes tables and maps showing obligation data by program and by State. The report also includes data by fiscal year for each of the programs since program inception.
In Fiscal Year (FY) 2014, RD obligated approximately $20.2 billion in loans, grants, and loan guarantees to build, purchase, repair, or support 153,850 units of affordable housing for low- and moderate-income families in rural areas. Since the first USDA housing loan was made (around 1950), the agency has funded over 4.5 million loans, grants, or guarantees representing over $243 billion to construct, purchase, or repair rural housing units.
