Farm Credit East announced that it is currently taking applications for farm worker housing construction and improvement loans from the New York State Farm Worker Housing (FWH) Loan Program. These loans are available to New York agricultural producers, including fruit, vegetable and dairy operations. Agricultural producers may apply to borrow up to $100,000 per year for farm worker housing projects. An upfront, one-time fee is applied to cover administrative costs. There are no other fees or interest applied for the term of the loan.
The program is administered as a revolving loan fund, with loan repayments made by the borrowers applied to the balance of available funds. To apply for a loan, contact your local Farm Credit East office (see FarmCreditEast.com for office locations). Agricultural producers may apply at any time; however, funds will be available on a first-come, first-serve basis.