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Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are limited to $20,000 and have a 20 ...
The Rural Development Administration (RDA) was a USDA agency established by the 1990 farm bill (P.L. 101-624, Sec. 2302), amending the Consolidated Farm and Rural Development Act of 1972 (7 U.S.C. 1921 et seq.), to administer FmHA community and business programs and other USDA rural development programs.
A USDA home loan is different from a traditional mortgage offered in the United States in several ways. USDA loans require no down payment, meaning that it is possible to finance up to 100% of the property value. One must meet the income restrictions for the county in which the buyer is interested. Each county has a maximum Income Requirement.
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The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.
Oct. 10—WASHINGTON — The U.S. Department of Agriculture announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan borrowers under Section 22006 ...
Smaller meat and poultry operators in 17 states will receive $115 million in grants, the U.S. Department of Agriculture announced Thursday. The USDA grants are the latest in a series of awards the ...
The Cooperative State Research, Education, and Extension Service (CSREES) was an extension agency within the U.S. Department of Agriculture (USDA), part of the executive branch of the federal government. The 1994 Department Reorganization Act, passed by Congress, created CSREES by combining the former Cooperative State Research Service and the ...