Churchill Stateside Group Highlights Strength of USDA Rural Development 538 Loan Program Amid Industry Changes

CLEARWATER, Fla.--(BUSINESS WIRE)--As the housing finance industry navigates governmental changes and shifting market dynamics, Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is reaffirming its strong support of the USDA Rural Development Section 538 Guaranteed Rural Rental Housing Program, which remains fully operational and active for new business.

With continued demand for quality housing in rural communities, the USDA RD 538 Loan Program offers a critical financing solution for developers — and CSG stands ready to deliver. CSG has been a leading participant in the USDA RD 538 program for over a decade.

“In a time when many are uncertain about the direction of affordable housing programs, we want to make it clear: the USDA RD 538 Program is open for business — and so are we,” said Keith Gloeckl, CEO of Churchill Stateside Group. “Churchill has a long-standing partnership with USDA Rural Development, and we’re actively originating and closing loans through the program right now.”

Recent developments in the housing finance sector have raised questions about the status of government-supported loan programs. Churchill Stateside Group is pleased to highlight and clarify that the USDA RD 538 Program remains a viable and attractive option for affordable housing developers, particularly in underserved rural markets.

The USDA RD 538 Program provides competitive terms with long-term low fixed rates, and supports the development, acquisition, and rehabilitation of affordable multifamily housing. CSG’s dedicated team brings deep experience, industry relationships, and a streamlined process to help developers access these funds efficiently.

“Our mission is to be a reliable source of capital for developers who are creating and preserving rural housing,” added Dan Duda, Executive Vice President & National Director of Churchill Stateside Group. “The USDA RD 538 Program plays a vital role in this, and Churchill is proud to help lead the way.”

About Churchill Stateside Group

Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company’s investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC, is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer.

For more information, visit www.CSGfirst.com or contact [e-mail].