HAC to Release Assessment of Rural Multifamily Housing with Maturing USDA-Rural Development Mortgages

The Housing Assistance Council (HAC) will release on September 6 a comprehensive assessment of rural multifamily housing investments made by Rural Development (RD), an agency of the U.S. Department of Agriculture. There are currently more than 13,000 RD rental properties providing 415,000 affordable rental homes. These properties are increasingly losing the affordability provisions tied them as their RD-assisted mortgages mature.

A better understanding of the state of the RD multifamily investments can help advocates and residents develop and implement strategies to preserve this limited resource for affordable rural rental homes.

The assessment will be released during a live-stream presentation on Thursday, September 6 at 2:00 pm ET. HAC Director of Research and Information Lance George will provide a summary of the report, followed by a discussion of the findings by practitioners, stakeholders, and policy experts. Register for the presentation here.

More information about RD rural housing is on page 4-35 of NLIHC’s 2018 Advocates’ Guide.