Low Income Housing Authority Low Income Housing News, Programs, Government Agencies, and More!

Home About Us

Find/ Apply For Housing

News/ Blog Help/ Resources FAQs

USDA Loan Program Helping Low Income Families Who Need Flood Repairs

Around the country, flooding has affected homeowners in states across the South, Midwest and others. The damage is particularly devastating to low-income families who don't have the money for repairs. The U.S. Department of Agriculture (USDA) has a loan program that will provide needed help to families affected by recent flooding.

USDA Loan Program

The U.S. Department of Agriculture Rural Development is offering low-interest loans of up to $20,000 to low-income residents affected by the recent floods. There is no down payment required, and interest rates are as low as 1 percent with a subsidy. Eligible residents may qualify for a loan up to $20,000, and they have up to 20 years to repay the loan.

Qualification guidelines:
  • You must live in a rural community of 20,000 people or less
  • You must meet income and credit guidelines and demonstrate the ability to repay the loan

In addition, grants up to $7,500, which do not have to be repaid, are available to homeowners ages 62 and older. The grants must be used for the removal of health or safety hazards. This can include fixing a leaking roof, installing indoor plumbing or replacing a furnace.

Where to go for help

Visit http://eligibility.sc.egov.usda.gov/ to determine if you are within the established income limits and and live within eligible areas.

Funding and Grants For Women and Families: