RCAC Home Page > News and Publications > Self-Help Builder News June 2012 Volume 5, Issue #2 >

Self-Help news & notices

502 Direct Loan Program

The interest rate will remain at 3.25% for the month of June. National pooling will occur on July 14^th. Please be ready to say how many more loans and funds you will need for the balance of the fiscal year.

Unnumbered Letter April 17, 2012- Waiver of HB-1-3550 Requirements:

• Newspaper Publications of Rural Area Designation Reviews
• Written Narrative Description of Map Boundary Lines

This letter provides a waiver from publishing the new boundaries in newspapers or in a written description in favor of providing the information on maps through electronic means to stakeholders. A person is to be identified for further help with the online maps interpretation.

http://www.rurdev.usda.gov/SupportDocuments/ulapril12.pdf

Publications

Notice of Funding Availability (NOFA) for Housing Preservation Grant Preapplications- Deadline is June 25 to submit to State USDA Rural Development Office.

This program funds the administrative and construction costs of housing rehabilitation for Low- and Very Low-Income owner occupied houses and rental projects. A match is required. Application forms available from USDA website (http://www.rurdev.usda.gov/HAD-HPG_Grants.html) or your State RD Office. The NOFA was published in the Federal Register on May 9 at: http://www.gpo.gov/fdsys/pkg/FR-2012-05-09/pdf/2012-11036.pdf

Area Loan Limits for 2012- Can be found on line at:
http://www.rurdev.usda.gov/HSF-Area_Loan_Limits.html

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