Housing Assistance Council Building Rural Communities since 1971 Federal Funding Seminar August 6, 2

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Housing Assistance CouncilBuilding Rural
Communities since 1971Federal Funding
SeminarAugust 6, 2009Manchester, TNJoe
Belden, Deputy Executive Director, Washington,
DC
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Housing Assistance Council
Building Rural Communities since 1971

• Established in 1971
• National nonprofit organization
• Created to increase the availability of decent
  and affordable housing for low-income people in
  rural areas throughout the U.S.
• Provide services to local, state, and national
  organizations

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Services Offered

• Technical Assistance
• Training
• Loans and Grants
• Information Publications

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HAC in Tennessee

• HAC has provided 44 loans and grants to 14 rural
  nonprofits in Tennessee since 2001. Totaling
  2.45 million, this funding has helped or is
  helping build 153 homes. Some funds are also
  helping build the capacity of local nonprofits.
  

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Technical Assistance

• Assistance to those involved in the improvement
  of housing conditions for low-income residents in
  the rural United States.
• Most of this help goes to local governments,
  private developers, and nonprofit organizations.

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Types of Technical Assistance

• analysis of project feasibility
• acquisition, housing construction or repair, and
  environmental regulation
• assistance with loan and grant applications
• assistance with eligibility and processing
  requirements for federal, state and other housing
  programs
• information and publications on topics that
  affect rural housing and
• special initiatives focused on particular areas
  or events

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Special Initiatives

• CHDO and HOME Technical Assistance
• Building Communities in the Lower Mississippi
  Delta
• Building Capacity in Colonias and Native American
  Communities
• Border Colonias Initiative
• Rural Capacity Building Initiative
• Rural Community Development Initiative

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Office Locations
HAC Southwest Office 3939 C San Pedro, N.
E. Suite 7 Albuquerque, NM 87110 505-883-1003,
fax [phone] southwest_at_ruralhome.org HAC
Midwest Office 10920 Ambassador Drive Suite
220 Kansas City, MO 64153 816-880-0400, fax
816-880-0500 midwest_at_ruralhome.org
Housing Assistance Council 1025 Vermont Avenue,
N.W. Suite 606 Washington, DC 20005 202-842-8600,
fax [phone] hac_at_ruralhome.org HAC
Southeast Office 600 West Peachtree Street,
NW Suite 1500 Atlanta, GA 30308 404-892-4824,
fax [phone] southeast_at_ruralhome.org
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Training

• National Conference, Regional Trainings,
• Local Workshops

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Publications Information

• Biweekly newsletter
• Quarterly magazine
• Reports
• Manuals
• Information sheets

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HAC News
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Rural Voices
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Information Sheets

• Rural Housing Needs
• HUD Programs
• USDA Housing Programs
• Special Initiatives
• Special Populations

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Other Publications

• Website (www.ruralhome.org)
• Rural Housing Service Data
• Press Releases

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Research and Information Contact Information
Theresa Singleton Research and Information
Director theresa_at_ruralhome.org Ext. 124
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Loan Funds and Self-Help Housing Grants
HAC provides low-interest loans to finance
affordable housing projects in rural communities.
Loans are available to support projects at all
stages of the development process, from
predevelopment through construction. Also
available are specialized grants to support
self-help housing.
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Loan Funds Objectives

• Serve the underserved
• Target the highest need communities
• Empower low-income people
• Facilitate access to credit
• Leverage resources
• Provide technical assistance
• Exercise sound business practices
• Promote flexible partnerships

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Eligible Projects
Affordable and mixed-income housing projects in
rural communities nationwide.
Financing is available for single- and
multi-family housing, with various forms of
ownership and using traditional and alternative
models of land tenure.
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Eligible Borrowers

• Community-based nonprofit organizations
• Housing development corporations
• Self-help housing sponsors
• Farm worker organizations
• Housing cooperatives and condo associations
• Native American tribes
• Public agencies and units of local government
• Public utility districts
• Small businesses and minority contractors

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Loan Uses Structure

• Uses
• predevelopment
• land acquisition
• site development
• construction
• preservation
• gap/interim

• Structure
• loans
• guarantees
• compensating deposits
• letters of credit
• lines of credit

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Loan Terms Rates

• Loans up to five years in duration
• Below-market interest (currently 5.0)
• Interest due quarterly
• 1 service fee (borrower also pays HAC's legal
  and other reasonable costs)

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Loan Fund DivisionContact Information

• Jann Yankauskas
• Senior Loan Officer
• Jann_at_ruralhome.org
• Ext. 149
• Dierdra Pressley
• Loan Officer
• Dierdra_at_ruralhome.org
• Ext. 154

• Karin Klusmann
• Loan Fund Director
• Karin_at_ruralhome.org
• Ext. 118

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Why its important --
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Question Answers