Rural housing grants and loans support rural communities by stimulating economic development and providing housing assistance . Rural housing grants and loans can be used to help low-income and special needs groups as well as farmers and rural businesses.
The Rural Housing Repair and Rehabilitation Loan and Grant Program is federally funded and is for very low-income rural homeowners who reside in their homes and need to make necessary home repairs or renovations. The funds can be used to repair, renovate or improve safety and health conditions of the home. Loans are provided up to $20,000 at a 1% interest rate and must be repaid over a 20 year period. Elderly homeowners over the age of 62 may be able to receive a grant up to $7500.00 which does not need to be repaid. Grant/Loan combinations are available to those who qualify for a total up to $27, 500. Rural Development can give approval for a completed application in about 30-60 days.
In order to apply for this loan, you must download and submit an application online at http://www.sc.egov.usda.gov/
If you are over the age of 62 or disabled, you may be eligible to qualify for a housing repair grant.
USDA Rural Housing Preservation Grant Program
The USDA Rural Housing Preservation Grant Program provides grants to qualifying individuals, families,
agencies and organizations who need to make necessary repairs to their homes or to the homes of low to very
low income families.
The USDA Mutual Self-Help Housing Loan Program is used to assist rural individuals and families with the
construction of their own homes.
For more information or help with your application contact your state’s local rural development field
office at http://www.rurdev.usda.gov/recd_map.html