The USDA 502 Single Family Housing Program is funded through the USDA Rural
Development.  The local office is in Johnstown, New York and ACRHA is available to assist
with the application and packaging of these loans.  The purpose of this program is to
provide financing to low and very low-income persons who can not obtain credit from other
sources in order to obtain adequate housing in rural areas.  Funding may be used to buy,
build, rehabilitate, improve, or relocate an eligible single family dwelling and improve
related facilities for use by the borrower as a permanent residence.

The
USDA 504 Grant/Loan is funded through the USDA Rural Development.  The local
office is in Johnstown, New York and ACRHA is able to assist with the application and
packaging of these loans and grants.  Eligible applicants must be located in the rural
Albany County USDA service area.  Grants of up to $7,500 are available to assist qualified
persons 62 years of age or older and loans are available up to $20,000 to assist qualified
persons of any age with necessary home repairs.

For additional information, please contact the USDA directly at 518 762 .0077, ext. 4, or visit
www.rurdev.usda.gov/ny.

Please Note: A Note and Mortgage may be required for any and all of the programs listed
above and a lien may be placed on the property for up to 10 years, unless otherwise
specified.
Other Home Repair Programs