2026-05595NoticeWallet

USDA's New Pilot Lets Rural Folks Build Homes with Extra Loan Cash

Published Date: 3/23/2026

Notice

Summary

Starting March 23, 2026, the USDA’s Rural Housing Service is testing a new pilot program that lets self-help home builders and affordable housing projects exceed current loan limits. This means folks building modest homes in rural areas could get more financial help than before. The pilot runs for two years, giving the agency a chance to see how these changes impact rural homeownership and affordability.

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Self-Help Homes Can Exceed Loan Limits

Starting March 23, 2026, USDA Rural Development is testing a pilot (through March 23, 2028) that allows homes built under the Section 502 self-help program to have values that exceed the current maximum area loan limit listed at 7 CFR 3550.63(a)(3). The pilot applies in 24 states (AK, AZ, CA, CO, DE, FL, HI, ID, IL, ME, MD, MI, MN, MT, NY, NC, OH, OR, PA, SD, TN, WA, UT, VA) and continues to use appraised value to determine sweat equity on Form RD 3550-12.

Third-Party Grants Can Raise Project Value

From March 23, 2026 through March 23, 2028, USDA will test allowing third-party grants or other affordable housing financing to push a project's total value above the area loan limit for Section 502 direct loans, as long as the USDA loan itself stays at or below the maximum loan limit. The pilot applies in the same 24 states (AK, AZ, CA, CO, DE, FL, HI, ID, IL, ME, MD, MI, MN, MT, NY, NC, OH, OR, PA, SD, TN, WA, UT, VA) and USDA will retain its first lien position (it will not subordinate its first lien).

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Key Dates

Published Date
3/23/2026

Department and Agencies

Department
Independent Agency
Agency
Agriculture Department
Rural Housing Service
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