USDA Multifamily Housing Preservation and Revitalization Loans
Multifamily housing programs offer rural rental housing loans to provide affordable multifamily rental housing for very low-, low-, and moderate-income families, the elderly, and persons with disabilities. This is primarily a direct mortgage program, but funds may also be used to buy and improve land and to provide necessary facilities such as water and waste disposal systems. In addition, deep subsidy rental assistance is available to eligible families.
The goal of the MPR program is to restructure Rural Rental Housing loans and Off-Farm Labor Housing loans and provide grants to revitalize Multi-Family Housing projects in order to extend the affordable use of these projects without displacing tenants due to increased rents.