Housing Assistance Council
Building Rural Communities since 1971
HAC Programs and Services Overview
Eugene Gonzales, SW Region Director
Albuquerque, New Mexico
Housing Assistance Council
Building Rural Communities since 1971
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Established in 1971
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National nonprofit organization
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Created to increase the availability of decent and
affordable housing for low-income people in
rural areas throughout the U.S.
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Provide services to local, state, and national
organizations
HAC’s Mission
“To improve housing conditions for
the rural poor, with an emphasis
on the poorest of the poor in the
most rural places.”
About HAC
• Improves housing conditions for the rural poor,
with an emphasis on the poorest of the poor in the
most rural places in the United States.
• Offers services to public, nonprofit, and private
organizations throughout the rural United States.
• Maintains a special focus on high-need groups
and regions: Indian country, the Mississippi
Delta, farmworkers, the Southwest border
colonias, and Appalachia.
Regional Offices
HAC Offices
Housing Assistance Council
1025 Vermont Ave Ste 606
Washington DC 20005
(202) 842-8600
hac@ruralhome.org
www.ruralhome.org
Southeast Regional Office
600 West Peachtree Street NW Ste
1500
Atlanta, GA 30308
(404) 892-4824
southeast@ruralhome.org
Midwest Regional Office
10100 N Ambassador Dr Ste 310
Kansas City, MO 64153
(816)880-0400
midwest@ruralhome.org
Southwest Regional Office
3939 C San Pedro NE Ste 7
Albuquerque, NM 87110
(505) 883-1003
southwest@ruralhome.org
Western Regional Office
717 K Street Suite 404
Sacramento, CA 95814
(916) 706-1836
western@ruralhome.org
Services Offered
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Technical Assistance
Training
Loan Funds
Information & Publications
HAC Services
• Loans. Since 1971, HAC has made almost $164
million in loans to help create more than 56,867
homes, including water/sewer connections. HAC's
loan funds have reach throughout rural America,
with loan commitments to over 600 local
organizations in more than 400 counties throughout
49 states and territories of Puerto Rico and the U.S.
Virgin Islands.
• Research and Information. HAC publishes the
biweekly newsletter HAC News and Rural Voices,
a quarterly magazine; writes up to 15 research
reports and technical manuals annually; and
maintains a rural housing resource center for its
constituents. HAC's Web site, www.ruralhome.org,
is a significant source of up-to-date information on
rural housing topics.
HAC Services
• Technical Assistance. HAC's expert staff delivers
thousands of hours of technical advice each year to
organizations and developers improving lowincome rural housing. One element of HAC's
assistance is a contract with HUD to help rural
Community Housing Development Organizations
(CHDOs) use HOME and other funding programs.
• Training. HAC sponsors intensive training
workshops all over the country, emphasizing
housing development, financing, construction and
nonprofit management. HAC also regularly
convenes the National Rural Housing Conference;
more than 700 people attended the December
2008 conference in Washington, D.C.
Special Initiatives
• CHDO and HOME Technical Assistance
• Building Communities in the Lower
Mississippi Delta
• Building Capacity in Colonias and
Native American Communities
• Border Colonias Initiative
• Rural Capacity Building Initiative
• Rural Community Development
Initiative
Training
National Conference, Regional Trainings, &
Local Workshops
Publications & Information
• Biweekly newsletter
• Quarterly magazine
• Reports
• Manuals
• Information sheets
HAC News
Rural Voices
Information Sheets
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Rural Housing Needs
HUD Programs
USDA Housing Programs
Special Initiatives
Special Populations
Other Publications
• Website (www.ruralhome.org)
• Rural Housing Service Data
• Press Releases
Loan Funds
HAC provides low-interest loans to
finance affordable housing projects in
rural communities. Loans are available to
support projects at all stages of the
development process, from
predevelopment through construction.
Loan Fund’s Objectives
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Serve the underserved
Target the highest need communities
Empower low-income people
Facilitate access to credit
Leverage resources
Provide technical assistance
Exercise sound business practices
Promote flexible partnerships
Eligible Borrowers
• Community-based nonprofit
organizations
• Housing development corporations
• Self-help housing sponsors
• Farm worker organizations
• Housing cooperatives and condo
associations
Eligible Borrowers
• Native American tribes
• Public agencies and units of local
government
• Public utility districts
• Small businesses and minority
contractors
Loan Uses & Structure
Uses
• predevelopment
• land acquisition
• site development
• construction
• preservation
• gap/interim
Structure
• loans
• guarantees
• compensating
deposits
• letters of credit
• lines of credit
Loan Terms & Rates
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Loans up to five years in duration
Below-market interest (currently 5.0%)
Interest due quarterly
1% service fee (borrower also pays HAC's
legal and other reasonable costs)
HAC Loan Fund at a Glance
Interest Rate
Loan Product
Term
Non-Profit
For Profit
Service Fee
Pre-Development
Up to 5 years
5%
8%
1%
Site Acquisition
Up to 5 years
5%
8%
1%
Site Development
Up to 5 years
5%
8%
1%
Construction
Varies
$750,000 Max
5%
8%
1%
Water/Waste Water
Up to 5 years
5%
8%
1%
Preservation
Up to 30 Years
5%
8%
1%
Self-Help Housing (SHOP)
2-3 years
0%
N/A
1%
Land Banking
Up to 10 years
$750,000 Max
5%
8%
1%
Letter of Credit
Up to 5 years
$250,000 Max
5%
8%
1%
Line of Credit
Up to 5 years
$250,000 Max
5%
8%
1%
Office Locations
Housing Assistance Council
1025 Vermont Avenue, N.W.
Suite 606
Washington, DC 20005
202-842-8600, fax: 202-347-3441
hac@ruralhome.org
HAC Southwest Office
3939 C San Pedro, N. E.
Suite 7
Albuquerque, NM 87110
505-883-1003, fax: 505-883-1005
southwest@ruralhome.org
HAC Southeast Office
600 West Peachtree Street, NW
Suite 1500
Atlanta, GA 30308
404-892-4824, fax: 404-892-1204
southeast@ruralhome.org
HAC Midwest Office
10100 NW Ambassador Drive
Suite 310
Kansas City, MO 64153
816-880-0400, fax: 816-880-0500
midwest@ruralhome.org
HAC Western Office
1025 717 K. Street
Suite 404
Sacramento, CA 95814
916-706-1836, fax: 916-706-1849
western@ruralhome.org
WRAP-UP