Download - Housing Assistance Council
![Page 1: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/1.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Housing Assistance CouncilBuilding Rural Communities since 1971
NALCAB - National Association for Latino Community Asset Builders Summit
El Paso, TexasJuly 16-17, 2009
Anselmo Telles, SW Regional DirectorAlbuquerque, New Mexico
![Page 2: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/2.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
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
![Page 3: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/3.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
HAC’s MissionHAC’s Mission“To improve housing
conditions for the rural poor, with an emphasis on the
poorest of the poor in the most rural places.”
![Page 4: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/4.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Regional OfficesRegional Offices
![Page 5: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/5.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Services OfferedServices Offered
• Technical Assistance• Training• Loan Funds• Information & Publications
![Page 6: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/6.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Special InitiativesSpecial Initiatives
• CHDO and HOME Technical Assistance • Building Communities in the Lower
Mississippi Delta• Building Capacity in Colonias and
Native American Communities • Border Colonias Initiative• Rural Capacity Building Initiative• Rural Community Development
Initiative
![Page 7: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/7.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Training National Conference, Regional Trainings, &
Local Workshops
![Page 8: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/8.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Publications & InformationPublications & Information
• Biweekly newsletter
• Quarterly magazine
• Reports
• Manuals
• Information sheets
![Page 9: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/9.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
HAC NewsHAC News
![Page 10: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/10.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Rural VoicesRural Voices
![Page 11: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/11.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Information SheetsInformation Sheets
• Rural Housing Needs• HUD Programs• USDA Housing Programs• Special Initiatives• Special Populations
![Page 12: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/12.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Other PublicationsOther Publications• Website (www.ruralhome.org) • Rural Housing Service Data• Press Releases
![Page 13: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/13.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Loan FundsLoan Funds
HAC provides low-interest loans to finance affordable housing projects in rural communities. Loans are available to support projects at all stages of the development process, from predevelopment through construction.
![Page 14: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/14.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Loan Fund’s ObjectivesLoan Fund’s Objectives
• Serve the underserved• Target the highest need communities• Empower low-income people• Facilitate access to credit• Leverage resources• Provide technical assistance• Exercise sound business practices• Promote flexible partnerships
![Page 15: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/15.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
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
![Page 16: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/16.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Loan Uses & StructureLoan Uses & Structure
Uses• predevelopment• land acquisition• site development• construction• preservation• gap/interim
Structure• loans• guarantees• compensating
deposits• letters of credit• lines of credit
![Page 17: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/17.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Loan Terms & RatesLoan Terms & Rates
• Loans up to five years in duration• Below-market interest (currently 5.0%)
• Interest due quarterly• 1% service fee (borrower also pays HAC's
legal and other reasonable costs)
![Page 18: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/18.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Loan Product TermInterest Rate
Service FeeNon-Profit For Profit
Pre-Development Up to 5 years
5% 8% 1%
Site Acquisition Up to 5 years
5% 8% 1%
Site Development Up to 5 years
5% 8% 1%
Construction Varies$750,000
Max
5% 8% 1%
Water/Waste Water Up to 5 years
5% 8% 1%
Preservation Up to 30 Years
5% 8% 1%
Self-Help Housing (SHOP)
2-3 years 0% N/A 1%
Land Banking Up to 10 years
$750,000 Max
5% 8% 1%
Letter of Credit Up to 5 years
$250,000 Max
5% 8% 1%
Line of Credit Up to 5 years
$250,000 Max
5% 8% 1%
HAC Loan Fund at a GlanceHAC Loan Fund at a Glance
![Page 19: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/19.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
HAC Southwest OfficeHAC Southwest Office
HAC Southwest Office3939 C San Pedro, N. E.Suite 7Albuquerque, NM 87110505-883-1003, fax: [email protected]
![Page 20: Housing Assistance Council](https://reader036.vdocuments.us/reader036/viewer/2022062407/56812d2b550346895d9229a0/html5/thumbnails/20.jpg)
© 2
001,
Hou
sing
Ass
ista
nce
Cou
ncil
Office LocationsOffice LocationsHAC Southwest Office3939 C San Pedro, N. E.Suite 7Albuquerque, NM 87110505-883-1003, fax: [email protected]
HAC Midwest Office10100 NW Ambassador DriveSuite 310Kansas City, MO 64153816-880-0400, fax: [email protected]
Housing Assistance Council1025 Vermont Avenue, N.W.Suite 606Washington, DC 20005202-842-8600, fax: [email protected] HAC Southeast Office600 West Peachtree Street, NWSuite 1500Atlanta, GA 30308404-892-4824, fax: [email protected] HAC Western Office1025 717 K. StreetSuite 404Sacramento, CA 95814916-706-1836, fax: [email protected]