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FSA Heirs Property Technical Assistance

In partnership with FSA, the Federation of Southern Cooperatives/Land Assistance Fund (FSC/LAF) supports heirs’ by providing outreach and technical assistance on the Heirs Property Relending Program (“HPRP”). Through this partnership, FSC/LAF educates heirs on the program and ensures they receive programmatic and general support when applying to the HPRP. FSC/LAF also engages prospective intermediary lenders to support applications to the HPRP.

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For more information on these services, please email loanfund@federation.coop or call ​ (404) 765-0991 and ask about the “USDA FSA Heirs Property Relending Program”.

USDA approved intermediary lender through the Heirs’ Property Relending Program (HPRP)

Shared Capital is an experienced community development loan fund with over four decades of experience making loans to cooperative enterprises, particularly focusing on those organized by low-income and other economically marginalized communities that have been excluded from access to capital from other sources.

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Read the full press release from the USDA here. 

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For more information please complete the Shared Capital Request Form or email  heirsloans@sharedcapital.coop or call

(612) 767-2123.

HEIRS' PROPERTY RELENDING PROGRAM

What is Heirs' Property

  • Family land inherited without a will or legal documentation of ownership

  • Land inherited with a will that divides real estate equality among all heirs

The Heirs' Property Relending Program

represents a collaboration between the

Federation and Shared Capital.

What is Heirs' Property

  • family land inherited without a will or legal documentation of ownership

  • Land inherited with a will that divides real estate equally
    among all heirs

 

The Heirs’ Property Relending Program represents a collaboration between the Federation of Southern Cooperatives/Land Assistance Fund (FSC/LAF) and Shared Capital. 

What is Heirs' Property

  • family land inherited without a will or legal documentation of ownership

  • Land inherited with a will that divides real estate equally
    among all heirs

 

The Heirs’ Property Relending Program represents a collaboration between the Federation of Southern Cooperatives/Land Assistance Fund (FSC/LAF) and Shared Capital. 

Shared Capital and the Federation of Southern Cooperatives/Land Assistance Fund are not yet accepting Heir Property Relending Program loan applications. 

HPRP Funds may not be used for the following

  • Land improvements 

  • Property development 

  • Buildings 

  • Personal property 

  • Farm operating costs 

  • Any other purpose prohibited by the USDA 

Service Areas for Shared Capital in partnership with the Federation

  • Alabama

  • Georgia 

  • Louisiana 

  • Florida

  • Mississippi

  • South Carolina 

  • Texas

HPRP Loan Fund Uses Include

  • Purchase and consolidation of fractional interests of other heirs to clear title to a farm 

  • Closing costs associated with the purchase and consolidation of fractional interests 

  • Appraisals, title search, heir location services, filing fees, and similar professional expenses 

  • Property surveys to establish legal ownership boundaries 

  • Mediation services to resolve disputes amongst heirs 

  • Documentation preparation, deed drafting, heirs agreements, and other legal services related to farm succession planning 

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