1

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

Section 515 Rural Rental Housing Program

Section 514 Farm Labor Housing Program

Feb 28, 2013

2

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 20120

50000

100000

150000

200000

250000

300000

350000

400000

450000

All Households by RA and Non-RA

# Households# RA Households

3

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 20120

0.5

1

1.5

2

2.5

3

3.5

4

Household Sizes by Program

Sec 515 Rural Rental Hous-ingSec 514 Farm Labor Hous-ing

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USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007

2008

2009

2010

2011

2012

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

72.2%

72.1%

72.0%

73.8%

71.7%

71.6%

% of Households by Gender

Male HeadedFemale Headed

5

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 20120

10

20

30

40

50

60

70

80

HH by Ethnic Demographics by %

WhiteBlackAsian/Pac IslanderAmerican Indian/Alaskan NativeHispanics/LatinosNon-Designated/Multi%

of a

ll HH

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USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 201258.2

58.4

58.6

58.8

59

59.2

59.4

Elderly/Handicapped HH as a % of all MFH Tenants

Elderly/Handicapped HH

7

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 20120

10

20

30

40

50

60

70

Households by Subsidy Type - %

No SubsidyRAHUDOther Assistance

8

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 20120%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

% of HH by Income Level

Above ModerateModerateLowVery-Low

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USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 2012 $-

$5,000

$10,000

$15,000

$20,000

$25,000

Average HH Income by Program

Sec 515 all HH Sec 515 RA HH Sec 514 all HH Sec 514 RA HH

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USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

No Subsidy:

RA:

HUD Section 8:

HUD Vouchers:

Other :0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

Sec 515 Tenants and Sources of Assistance

Percent of Sec 515 Tenants

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USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 20120.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Sec 515 Unused RA as a % of all RA Units

Sec 515 Unused RA as a % of all RA Units

12

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 201214.8%

15.0%

15.2%

15.4%

15.6%

15.8%

16.0%

16.2%

16.4%

16.6%

HH paying more than 30% of Income

HH paying more than 30% of Income

13

USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

2007 2008 2009 2010 2011 20120

5000

10000

15000

20000

25000

30000

Non-Subsidized Tenant Rent Contribution - as a % of Income

30-4041-5051+

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USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

$0-$100 $101-$200 $201-$300 $301-$400 $401-$500 $500+0

20000

40000

60000

80000

100000

120000

Tenant Contribution per Month

1/1/2009 ALL HH1/1/2010 ALL HH1/1/2011 ALL HH1/1/2012 ALL HH1/1/2013 ALL HH

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USDA MULTIFAMILY DIRECT LOAN PROGRAMS –PORTFOLIO CHARACTERISTICS

USDA’s Annual Occupancy Report on the MFH Direct Loan Portfolio will be available in May 2013.