Single Family and Multi Family Housing Home Loans

(Program)

*Assists low income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant's repayment ability.

Payment assistance is a type of subsidy that reduces the mortgage payment for a short time.

*Provides competitive financing for affordable multi-family rental housing for low income, elderly or disabled individuals and families in eligible rural areas.

Eligibility: Income guidelines apply, not available in Rome or Utica, call for information.

Application Process: Call for appointment preferred or walk in.

Required Documentation: Proof of address, proof of income, proof of expenses, call for information for other required documents.

Fees: Call for information.

Herkimer, Madison and Oneida Counties, Cities of Rome and Utica excluded.

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United States Department of Agriculture Rural Development Services
(Agency)

The United States Department of Agriculture Rural Development Services administers community, business and housing programs which offer loans, loan guarantees and grants.The USDA Rural Development offers single family housing loans with no down payment required, and low interest home repairs. Applicable to Rural areas only excluding the cities of Utica, Rome and Oneida. Income limits apply. Loan guarantees available for higher income applicants. Grant home repair program for homeowners age 62 and above-income limits apply.Several multi family housing rental units available in Herkimer, Madison, and Oneida counties with rental assistance in Rural areas. Income limits applySmall business development grants to provide technical assistance for small and emerging rural businesses with 50 employees or less, and less than $1 million in gross revenues. Who can apply? Non-profits, Institutions of Higher Education, Federally recognized Tribes.Ambulances, Firetrucks, equipment, Firehouses, hospitals - essential community facilities in Rural areas population below 20,000 - Who can apply? Public Bodies, Non-profit corporations, Federally recognized tribesWater & Sewer Infrastructure - Rural areas population 10,000 or less - Who can apply? Public Bodies, Non-profit corporations, Federally recognized tribes.

9025 River Road
Room 205
Marcy NY 13403

Website: www.rd.usda.gov

Hours: M-F 8:00AM-4:30PM