Financing for Rural Affordable Housing
Churchill Mortgage Investment LLC, a wholly owned subsidiary of CSG, is approved by the United States Department of Agriculture (USDA) as a Section 538 Guaranteed Rural Rental Housing Program Lender. The USDA 538 program is designed to increase the supply of affordable rural rental housing through the use of loan guarantees. CSG makes and services loans on USDA approved projects.
- USDA Section 538 Program – for new construction or to rehabilitate existing rural apartment units for residents with low and moderate incomes.