USDA will make more than $25 million in loans and grants available to construct more than 500 new rental units for domestic farm laborers.  That's $10.3 million more than last year.

In the past, the program operated on a first come, first served basis, resulting in a backlog of applications, often with new applicants waiting two to three years for funding.  Now, the process will be competitive with projects serving the greatest need and creating the most units of housing per USDA-dollar invested to receive funding priority.

The program also may lend money to limited partnerships if they have a nonprofit general partner. Limited partnerships may use low income housing tax credits to construct housing facilities.  The proceeds may be leveraged with USDA program funds to increase the number of rental housing units.

Applicants must submit loan applications to the USDA rural development office by 5 p.m., July 15.  The announcement and program guidelines were published in the May 6 Federal Register.