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Section 515 Subsequent Loans.pdf

Subsequentloans515.pdf
Preview of Section 515 subsequent loans
🔗 Source: ruralhome.org
📊 Size: 152 KB
📄 Pages: 4 pages
⬇️ Downloads: 56

Summary

Multifamily Housing announces the availability of Section 515 Rural Rental Housing subsequent loans, with $70 million in funding for Fiscal Year 2023. Applications received by April 30, 2023, will be reviewed for funding, with priority given to projects addressing health and safety findings, accessibility requirements, prepayment applications, transfer applications, and financing gaps. Subsequent loans have a 1% interest rate, 50-year amortization period, and 30-year loan term. Borrowers must make an equity contribution, and loans are subject to restrictive-use provisions. Initial application requirements include Form SF 424 A, Previous Participation Certification, and other documents. Applications must be submitted to the appropriate Processing and Report Review Branch by April 30, 2023. A stakeholder information session will be held on March 23, 2023.

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Description

Multifamily Housing announces the availability of Section 515 Rural Rental Housing subsequent loans, with $70 million in funding for Fiscal Year 2023.

Technical Information

  • File Format: PDF
  • File Size: 152 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 56
  • Last Updated: 1 day ago

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