USDA Section 502 Direct Loan Application Assistance Program
Overview
The purpose of USDA Section 502 Direct Loan Application Assistance is to support rural housing organizations that package and submit Section 502 Direct Loan (“502 Direct Loan”) applications to the U.S. Department of Agriculture for low income households in rural Texas. Funds awarded under this activity are intended to secure USDA Section 502 funding for Texas that may otherwise not be accessed.
Of the $413,000 in funds available, a minimum of $363,000 is set aside as grant assistance related to packaging and submitting 502 Direct Loan applications to their local USDA field office. Up to $1,500 in granted funds may be provided for administrative cost reimbursement for every 502 Direct Loan closed.
Of the $413,000 in funds available, up to $50,000 is set aside for capacity building grants (maximum $5000 per award) for costs related to submitting 502 Direct Loan Applications.
Persons served by the proposed activities will be limited to those whose incomes do not exceed 80% of the Area Median Family Income (AMFI), as defined by the Department.
2011 USDA 502 Direct Loan Application Assistance Program
- USDA 502 Direct Loan Application Assistance NOFA (PDF) (Open until August 31, 2012 or until funds are no longer available, whichever is earlier)
- Reservation System Access Application (DOC)
- Reservation System Access Log (DOC)
For updates on the HTF USDA Section 502 Direct Loan Application Assistance Program, join the TDHCA email list.
For more information or questions, please contact Glynis Laing, HTF Program Administrator
(512) 936-7800 or HTF@tdhca.state.tx.us.
Program Forms
