New Increased Income Limits for USDA Rural Development's Single Family Housing Programs in Verm

USDA Rural Development has launched a Two-Tiered Income Limit Pilot for the Single Family Housing Programs in Vermont.  The pilot bands together the income limits of households with 1-4 members and with 5-8 members.  This banding significantly increases the range of households eligible for Rural Development’s Direct Home Loan Program and the Home Repair Loan and Grant Program. More households are now able to apply for Rural Development’s affordable home financing. Download the Vermont 504 Family Income Limit Worksheet. Download the 502 Direct Home Loan Family Income Limit Worksheet. Download the 502 Guaranteed Home Loan Family Income Limit Worksheet. For more details on income banding in Vermont, review Rural Housing Service’s unnumbered letter or contact a Rural Development Housing Specialist in your region.

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