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Housing Assistance Council
Building Rural Communities since 1971
HAC Programs and Services Overview
Eugene Gonzales, SW Region DirectorAlbuquerque, New Mexico
Housing Assistance Housing Assistance CouncilCouncil
• 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
Building Rural Communities since 1971
HAC’s Mission“To improve housing
conditions for the rural poor, with an emphasis on the
poorest of the poor in the most rural places.”
About HAC
• Improves housing conditions for the rural poor, with an emphasis on the poorest of the poor in the most rural places in the United States.
• Offers services to public, nonprofit, and private organizations throughout the rural United States.
• Maintains a special focus on high-need groups and regions: Indian country, the Mississippi Delta, farmworkers, the Southwest border colonias, and Appalachia.
Regional Offices
HAC OfficesHousing Assistance
Council1025 Vermont Ave Ste 606
Washington DC 20005(202) 842-8600
Southwest Regional Office3939 C San Pedro NE Ste 7Albuquerque, NM 87110(505) [email protected]
Western Regional Office717 K Street Suite 404Sacramento, CA 95814(916) [email protected]
Southeast Regional Office600 West Peachtree Street NW Ste
1500Atlanta, GA 30308(404) [email protected] Regional Office10100 N Ambassador Dr Ste 310Kansas City, MO 64153(816)[email protected]
Services Offered
• Technical Assistance• Training• Loan Funds• Information &
Publications
HAC Services• Loans. Since 1971, HAC has made almost $164
million in loans to help create more than 56,867 homes, including water/sewer connections. HAC's loan funds have reach throughout rural America, with loan commitments to over 600 local organizations in more than 400 counties throughout 49 states and territories of Puerto Rico and the U.S. Virgin Islands.
• Research and Information. HAC publishes the biweekly newsletter HAC News and Rural Voices, a quarterly magazine; writes up to 15 research reports and technical manuals annually; and maintains a rural housing resource center for its constituents. HAC's Web site, www.ruralhome.org, is a significant source of up-to-date information on rural housing topics.
HAC Services• Technical Assistance. HAC's expert staff
delivers thousands of hours of technical advice each year to organizations and developers improving low-income rural housing. One element of HAC's assistance is a contract with HUD to help rural Community Housing Development Organizations (CHDOs) use HOME and other funding programs.
• Training. HAC sponsors intensive training workshops all over the country, emphasizing housing development, financing, construction and nonprofit management. HAC also regularly convenes the National Rural Housing Conference; more than 700 people attended the December 2008 conference in Washington, D.C.
Special 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
Training National Conference, Regional Trainings, &
Local Workshops
Publications & Information
• Biweekly newsletter
• Quarterly magazine
• Reports
• Manuals
• Information sheets
HAC News
Rural Voices
Information Sheets
• Rural Housing Needs• HUD Programs• USDA Housing Programs• Special Initiatives• Special Populations
Other Publications• Website (www.ruralhome.org) • Rural Housing Service Data• Press Releases
Loan 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.
Loan 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
Eligible Borrowers• Community-based nonprofit
organizations• Housing development corporations• Self-help housing sponsors• Farm worker organizations• Housing cooperatives and condo
associations
Eligible Borrowers
• Native American tribes• Public agencies and units of local
government• Public utility districts• Small businesses and minority
contractors
Loan Uses & Structure
Uses• predevelopment• land acquisition• site development• construction• preservation• gap/interim
Structure• loans• guarantees• compensating
deposits• letters of credit• lines of credit
Loan 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)
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 Glance
Office 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]
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