Effective October 1, 2014, barring Congressional action, USDA will begin using 2010 Census data to determine eligible rural areas for Rural Development Housing Programs.  If adoption of the 2010 Census data becomes effective, USDA loans will not be available in many towns that are currently eligible (pre-2010 Census)  for such loans.

The first attached map, which shows eligibility by Town and County, evidences that almost all of eastern CT is currently eligible (except for Norwich, Groton, New London and parts of Waterford and parts of Stonington).

Rural Development CT eligible areas for Housing Programs

The second attached map, which is of pretty poor quality and with much less definition of eligible vs. ineligible areas, evidences, by the areas shaded in yellow, localities no longer eligible (if 2010 Census data is adopted by USDA) for USDA rural financing.

Eligible vs. Ineligible Areas

Towns which currently qualify for USDA 100% financing such as Ellington, Mansfield, Easy Lyme, Montville, and parts of Bolton, Andover, Coventry, Marlborough, East Hampton, and Colchester…may, for applications received after Septmeber 30, 2014, no longer be eligible.

If you or your clients are looking for USDA 100% financing in any of the affected Towns, please consider moving this forward before the likely post September 30, 2014 changes.

If you have any thoughts or questions contact me,