Announcing Updated 2022 Income Limits for Rural Development’s
Section 538 Guaranteed Rural Rental Housing
Effective immediately, USDA’s Office of Multifamily Housing has updated its 2022 Income Limits for the Section 538 Guaranteed Rural Rental Housing Program. Click the link to display the current Income Limits which are 115% of the Area Median Income (AMI) for each County/Metropolitan Statistical Area (MSA) and household size.
The updated Income Limits are also available on the Multifamily Housing Loan Guarantees website (under the “Overview” tab). Updates will be reflected in HB-1-3565 soon.
If you have questions or need additional information, please contact Tammy Daniels, Finance and Loan Analyst in the Program Support Branch of the Production and Preservation Division at tammy.daniels@usda.gov.
Biden-Harris Administration to Begin Accepting Applications on September 6 for USDA ReConnect Program Round 4 Funding
More than $1 Billion from President Biden’s Bipartisan Infrastructure Law to be Invested to Increase Access to High-Speed Internet for People Living in Small Towns Across the Nation
U.S. Department of Agriculture (USDA) Rural Development Under Secretary Xochitl Torres Small today announced that the Department will begin accepting applications on September 6 for funding to expand access to high-speed internet for millions of people in rural America nationwide, part of the Biden-Harris Administration’s commitment to investing in rural infrastructure and affordable high-speed internet for all. USDA is making the funding available under the ReConnect Program, which received new funding from President Biden’s Bipartisan Infrastructure Law.
“High-speed internet connects people and businesses to new markets and helps people in rural America build brighter futures,” Torres Small said. “For too long, too many rural communities have been left out of the digital economy. This funding will help everyone in America – regardless of where they live – because rural people provide the everyday essentials our country depends on. Investments like the ones we are making through President Biden’s Bipartisan Infrastructure Law will help close the digital divide across rural America.” Read the full news release to learn more.