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Lenders can now apply for New Heirs Property Relending Program

Lenders can now apply for New Heirs Property Relending Program
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USDA to begin loan payments to socially disadvantaged borrowers under ARPA

Black farmer loan forgiveness to begin in June

Suggested Event Jun 15, 2021 to Jun 17, 2021 The $4 billion in debt relief authorized to Black farmers and other socially disadvantaged farmers will begin in June, according to a notice of funding availability announcing the loan payments offering aid approved under the COVID-relief inspired American Rescue Plan earlier this year. It is estimated 16,000 farmers could be eligible for the assistance. USDA expects payments to begin in early June and continue on a rolling basis. Eligible direct loan borrowers will begin receiving debt relief letters from FSA in the mail on a rolling basis, beginning the week of May 24. After reviewing closely, eligible borrowers should sign the letter when they receive it and return to FSA. (View a more detailed timeline here.)

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