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THANKS TO THE HOME DEPOT THANKS TO THE HOME DEPOT FOUNDATIONFOUNDATION

Housing Assistance CouncilHousing Assistance CouncilCelebrating 40 Years of Building Rural Communities Celebrating 40 Years of Building Rural Communities

19711971--2011 2011 www.ruralhome.orgwww.ruralhome.org 202202--842842--86008600

Housing Resources for Rural VeteransNational Coalition for Homeless Veterans

September 2012

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Status of rural veteransStatus of rural veterans• More than 44 percent of military recruits,

and those serving in Iraq & Afghanistan, come from rural areas. Among all VA health care users, 40.1 percent (nearly 2 million) reside in rural areas, including 79,500 from “highly rural.” Rural veterans have worse physical & mental health related to quality of life. VA has programs for rural veterans’ health, but less for housing.

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Status Status ---- continuedcontinued• Veterans often have challenges

becoming or remaining homeowners. Maintaining modest homes owned by low-income & elderly vets is also big challenge. U.S. soldiers in recent conflicts increasingly come from--and return to–rural areas. Rural users of VA programs are growing proportionate to urban VA users. Young people in most rural zip codes are 22 percent more likely to enlist than youths in cities.

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How is rural different?How is rural different?• Smaller projects with higher costs per

unit.• Homeless are less visible.• Limited access to services. • More homeownership (but need for

rental ). More homeowners in poverty.• Fewer contractors /appraisers/lenders.• Lower appraisals (may be below cost to

build).• Little or no public transit/walkability.

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How is rural different?How is rural different?

• No or very limited philanthropic dollars.• Less support from local government.• High poverty rates in nonmetro areas–

17.0% in 2011, up from 16.5% in 2010.• Areas of persistent high poverty (492

counties wih 20%+ poverty from 1990 to 2010).

• Much of rural population is within metro areas.

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Housing Assistance CouncilHousing Assistance CouncilBuilding 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 OfferedServices Offered

• Technical Assistance• Training• Loans & Grants• Information & Publications• Research

• Not a membership organization; services available to all.

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Special InitiativesSpecial Initiatives

• Housing for Rural Seniors• Housing for Rural Veterans• Self Help Housing• High Needs: Mississippi Delta &

Southeast, SW Border Colonias, Indian Country, Appalachia, Farmworker Areas

• Combating Rural Homelessness• Preserving Rural Rental Housing• Green Building

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Office LocationsOffice LocationsHousing Assistance Council1025 Vermont Avenue, N.W., Suite 606Washington, DC 20005202-842-8600, fax: 202-347-3441hac@ruralhome.org

HAC Southwest Office3939 C San Pedro, N. E.Suite C-6Albuquerque, NM 87110505-883-1003, fax: 505-883-1005southwest@ruralhome.org

HAC Midwest Office10100Ambassador DriveSuite 310Kansas City, MO 64153816-880-0400, fax: 816-880-0500midwest@ruralhome.org

HAC Southeast Office600 West Peachtree Street, NWSuite 1500Atlanta, GA 30308404-892-4824, fax: 404-892-1204southeast@ruralhome.org

HAC Western Office1717 K StreetSuite 404Sacramento, CA 95814916-706-1836, fax: 916-706-1849karl@ruralhome.org

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Technical AssistanceTechnical 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.

• HAC regional and national office available to help.

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Training--National & regional conferences

National Rural Housing Conference, Dec. 5-7, 2012, Washington, DC

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HAC NewsHAC News

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Rural Voices Rural Voices ---- quarterly magazinequarterly magazine

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Other PublicationsOther Publications• Website (www.ruralhome.org)

• Manuals, reports and info. briefs • Rural Housing Service Data• Press Releases

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HAC Loan FundsHAC Loan Funds

• Over 2,100 loans committed to 675 organizations totaling $286 million

• Helped create over 54,000 homes

• 14,479 water/sewer connections

• Manages $67 million in five revolving loan funds

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Eligible ProjectsEligible Projects

Financing is available for single- and multi-family housing, with various forms of ownership and using traditional and alternative models of land tenure.

Affordable and mixed-income housing projects in rural communities nationwide.

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Eligible BorrowersEligible 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 & StructureLoan Uses & StructureUses• predevelopment• land acquisition• site development• construction• preservation• gap/interim• preservation of rural

rental units

Structure• loans• guarantees• compensating

deposits• letters of credit• lines of credit

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Loan Terms & RatesLoan Terms & Rates

• Loans up to five years in duration• Below-market interest (currently 5.0%)

• Interest due quarterly• Maximum loan amounts vary depending on

product. Average loan is $250,000.• Terms flexible in special circumstances.

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Loan Fund ContactsLoan Fund Contacts

Jann YankauskasSenior Loan Officer

(202) 842-8600, ext. 149 caitlin@ruralhome.org

Dierdra PressleyLoan Officer

(202) 842-8600, ext. 154dierdra@ruralhome.org

Housing Assistance Council

1025 Vermont Avenue, NW, Suite 606

Washington, DC 20005

(202) 842-8600 (202) 347-3441 [fax]

www.ruralhome.org

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• HAC grants program for nonprofits serving bricks-and-mortar housing needs of rural vets – homeless, repair, rental, homeownership.

• In partnership with THE HOME DEPOT FOUNDATION

• Letters of interest due October 31, 2012

• Contact Janice Clark, janice@ruralhome.org – or visit www.ruralhome,org

b

Affordable Housing for Rural Affordable Housing for Rural Veterans Veterans

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USDA Rural Development Community USDA Rural Development Community Facilities Loans and GrantsFacilities Loans and Grants

• To construct, enlarge, or improve community facilities for health care, public safety, & public service

• Homeless shelters are eligible use• Grants made in combination with loans• Loans are direct & guaranteed

www.rurdev.usda.gov

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USDA Rural Development USDA Rural Development ---- Other Housing Other Housing ProgramsPrograms

• Home repair loans and grants• Homeownership loans• Rental housing development and

preservation

www.rurdev.usda.gov

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HUD Rural Housing Stability HUD Rural Housing Stability Assistance ProgramAssistance ProgramForthcoming ?? For nonprofs/local govt.Competitive grants to re-house or improve

housing situations of homeless or those in worst housing. For rent/mortgage/ utility aid, relocation, security deposits, short-term emergency lodging , new construction or acquisition/rehab to provide transitional or permanent, & rental assistance.