The Rural Housing Service (RHS) of the USDA has announced a new pilot program under the Section 504 Direct Single Family Housing Loans and Grants. This program aims to simplify the process for very low-income homeowners in rural areas who need to repair or renovate their homes. A key feature of the pilot is allowing funds to be used for construction materials payment before delivery, addressing common payment issues faced by contractors and applicants. The program is set to run from December 2, 2024, to December 2, 2026, with the possibility of extension, and it includes 25 states and U.S. territories.
Simple Explanation
The USDA wants to help very low-income people in rural areas fix their homes more easily by making a new program that allows them to pay for the stuff they need to fix their houses before it arrives. They are trying this idea out in 25 places for two years to see how it works.