Single Family Housing Direct American Rescue Plan Act (ARPA)

USDA Rural Development sent this bulletin at 02/14/2023 11:06 AM EST

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USDA Rural Development - Together, America Prospers

SFH Direct Loan and Grant Programs

February 14, 2023

Single Family Housing Direct American Rescue Plan Act (ARPA)

The American Rescue Plan Act (ARPA) of 2021 (H.R. 1319, Section 3207) appropriated additional funds for Section 502 and 504 direct loans, to remain available until September 30, 2023, with a focus on refinancing outstanding loans to existing direct loan borrowers, which are, or have been, in an approved COVID-19 moratorium.

The processing guidelines originally granted through an Unnumbered Letter dated May 12, 2021, have been updated and replaced with the new Appendix 12 to Handbook-1-3550. Updates include but are not limited to accepting applications from Section 502 self-help borrowers to refinance outstanding self-help loans which were closed in Fiscal Year (FY) 2020 or later, making the Deferred Mortgage Payments program available to Section 502 very low-income self-help borrowers who closed in FYs 2020 or later, including a fast-track processing option, and providing additional guidance on determining market value.

Rural Development staff and other interested parties are urged to read the guidance contained in this new appendix.

Program Information

Single Family Housing Direct Loans

Single Family Housing Repair Loans and Grants

Mutual Self Help Housing Technical Assistance Grants

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