Housing Assistance Council

1. Housing Assistance CouncilBuilding Rural Communities since 1971NALCAB - National Association for Latino Community Asset Builders SummitEl Paso, TexasJuly 16-17, 2009Anselmo Telles, SW Regional DirectorAlbuquerque, New Mexico

2. Housing Assistance Council Building Rural Communities since 1971 • Established in 1971 • National nonprofit organization • Created to increase the availability of decent and affordable housing for low-income people in rural areas throughout the U.S. • Provide services to local, state, and national organizations

3. 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.”

4. Regional Offices

5. Services Offered • Technical Assistance • Training • Loan Funds • Information & Publications

6. 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

7. Training National Conference, Regional Trainings, & Local Workshops

8. Publications & Information • Biweekly newsletter • Quarterly magazine • Reports • Manuals • Information sheets

9. HAC News

10. Rural Voices

11. Information Sheets • Rural Housing Needs • HUD Programs • USDA Housing Programs • Special Initiatives • Special Populations

12. Other Publications • Website (www.ruralhome.org) • Rural Housing Service Data • Press Releases

13. 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.

14. Loan Fund’s Objectives • 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

15. Eligible Borrowers • Community-based nonprofit organizations • Housing development corporations • Self-help housing sponsors • Farm worker organizations • Housing cooperatives and condo associations • Native American tribes • Public agencies and units of local government • Public utility districts • Small businesses and minority contractors

16. Loan Uses & Structure • Uses • predevelopment • land acquisition • site development • construction • preservation • gap/interim Structure • loans • guarantees • compensating deposits • letters of credit • lines of credit

17. Loan Terms & Rates • 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)

18. HAC Loan Fund at a Glance

19. HAC Southwest Office HAC Southwest Office 3939 C San Pedro, N. E. Suite 7 Albuquerque, NM 87110 505-883-1003, fax: 505-883-1005 southwest@ruralhome.org

20. 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 Southeast Office 600 West Peachtree Street, NW Suite 1500 Atlanta, GA 30308 404-892-4824, fax: 404-892-1204 southeast@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 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