# USDA Plans $100M Rural Housing Round

USDA Rural Development reports that FY 2026 Section 515 obligations totaled $34 million, supporting 26 rural rental properties and nearly 900 affordable units, while Multifamily Preservation and Revitalization investments exceeded $102 million. USDA anticipates a new Section 515 funding round in FY 2027 with at least $100 million available, creating a prospective opportunity for rural housing developers and property owners seeking financing for rental housing and preservation projects.

- The FY 2027 Section 515 round is expected to provide at least **$100 million**; USDA has not yet provided application details or a deadline.
- FY 2026 preservation investments supported 39 properties and preserved nearly 4,400 affordable rental units, indicating continued federal funding for multifamily rehabilitation alongside new rental housing.
- Developers and owners interested in Section 515 financing can use USDA Rural Development announcements for application details as they become available.

**Jurisdictions:** federal
**Industries:** Construction & Infrastructure
**Topics:** Grants & Funding
**Published:** October 16, 2026

### Government Entities
- U.S. Department of Agriculture Rural Development (USDA Rural Development)

### Sources
- [USDA Rural Development: Delivering Rural Housing Investments | Rural Development](https://www.rd.usda.gov/newsroom/news-release/usda-rural-development-delivering-rural-housing-investments) - USDA