NAHMA USDA Update: Third Round of Funding for Off-Farm Labor Housing Loans and Grants
- By: admin
- On: 05/20/2022 13:54:21
- In: NAHMA Update
Announcing Third Round of New Construction Funding for Off-Farm Labor Housing Loans and Grants
Notice of Solicitation of Applications
On April 21, 2022, Rural Development published a Notice of Solicitation of Applications (NOSA) for the third round of new construction funding for Section 514 Off-Farm Labor Housing (FLH) Loans and Section 516 Off-FLH Grants. The third funding round opens on May 16th, 2022. Also included in this Notice is information on addressing funding gaps in current and future FLH-assisted transactions and enhanced program compatibility as it relates to industry timeframes associated with third-party funding commitments. The current NOSA and updates can be found on our website here: Off-Farm Labor Housing Direct Loans & Grants | Rural Development (usda.gov).
Sections 514 and 516 FLH programs provide financing for new construction of off-farm labor housing units to supply more affordable housing for farm laborers, including domestic farm laborers, retired domestic farm laborers, and disabled domestic farm laborers.
Rural Housing Service hosted a one-hour Off-FLH New Construction Workshop on Wednesday, May 11th, 2022, to discuss the Off-FLH application process, borrower responsibilities, and other pertinent topics. The following is a downloadable copy of the Workshop presentation: Off-FLH New Construction - Third Round Workshop.
Rural Housing Service hosted a Multifamily Workshop on April 6, 2022, to address funding gaps in Section 515 and FLH (514/516) transactions. The following is a downloadable copy of the Workshop presentation: Addressing Funding Gap Workshop.