Program Description

This provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.

General Program Requirements

Who may apply for this program?

To qualify, you must:

  • Be the homeowner and occupy the house
  • Be unable to obtain affordable credit elsewhere
  • Have a family income below 50 percent of the area median income
  • For grants, be age 62 or older and not be able to repay a repair loan

Income Limits: http://www.rd.usda.gov/files/RD-DirectLimitMap.pdf

What is an eligible area?

Applicants may check the address of their home to determine eligibility.

How may funds be used?

  • Loans may be used to repair, improve or modernize homes or remove health and safety hazards
  • Grants must be used to remove health and safety hazards

How much money can I get?

  • Maximum loan is $20,000
  • Maximum grant is $7,500
  • Loans and grants can be combined for up to $27,500 in assistance

What are the terms of the loan or grant?

  • Loans can be repaid over 20 years
  • Loan interest rate is fixed at 1%
  • Full title service is required for loans of $7,500 or more
  • Grants have a lifetime limit of $7,500
  • Grants must be repaid if the property is sold in less than 3 years
  • If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination

Your Next Steps

The following information will lead you to the next steps to apply for this program.

Application Process

Is there a deadline to apply?

  • Home loans are available year round as long as funding is available
  • Home loan applications are processed in the order they are received

How long does an application take?
Approval times depend on funding availability in your area. Talk to a USDA home loan specialist in your area for help with the application

Who can answer questions and how do I get started?
Contact a USDA home loan specialist in your area: http://www.rd.usda.gov/browse-state.

Program Contact Information

Tedd Buelow
Native American Coordinator
Tedd.Buelow@usda.gov
720-544-2911
http://www.rd.usda.gov/

Additional Information

Catalog of Federal Domestic Assistance (CFDA) Number10.417
Current Method of Tribal EligibilityProgram not specific to American Indians and Alaska Natives, but they are eligible
Can the funding from the program be renewedNo
Funding TypeDiscretionary
Entities Eligible for Grant AssistanceFederally Recognized Tribes and Tribal Organizations, Other Tribal and Native Entities, Non-Tribal Entities
Matching Funds RequiredNo
Number of People Served by this Program (Approximate)7,238 Families Served in Fiscal Year 2015
Length of ProgramAnnual Appropriation
Recurring Base Funding for TribesNo
Tribes Funded by this ProgramNo limits on American Indian and Alaska Native tribes or tribal organizations receiving funding

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