10.448: Rural Development Multi-Family Housing Rural Housing Voucher Demonstration Program
Alternate Name: Rural Development Voucher Demonstration Program
Overview
Program Number
10.448
Status
Active
Last Modified
Sept. 2, 2022
Date Posted
Sept. 2, 2022
Objective
The Rural Housing Voucher Demonstration program is designed to provide rental housing assistance vouchers to tenants in properties that prepay their Rural Development mortgage. The amount of this subsidy is the difference between the comparable market rent and the amount of rent being paid by the tenant when prepayment occurs. Prepaying properties may be located anywhere in the 50 states, Puerto Rico, the U.S. Virgin Islands and Guam.
Type of Assistance
C - Direct Payments for Specified Use
Applicant Eligibility
Applicants must (a) be residing in the Section 515 project on the date of the prepayment of the Section 515 loan or upon foreclosure by Rural Development; (b) the date of the prepayment or foreclosure must be after September 30, 2005; (c) as required by 42 U.S.C. 1436a the tenant must be a citizen, U.S. non-citizen national or qualified alien and will so provide proof of citizenship.
Beneficiary Eligibility
Applicants must be citizens, U.S. non-citizen nationals or qualified aliens and have an adjusted household income at or below 80 percent of area median income as determined annually by the U.S. Department of Housing and Urban Development (HUD) to be eligible for a rural housing voucher.
Additional Information
Federal Award Analysis
Rural Development Multi-Family Housing Rural Housing Voucher Demonstration Program grant spending
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Grant Awards
Rural Development Multi-Family Housing Rural Housing Voucher Demonstration Program direct grants
Grant Opportunities