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What it does
The Rural Housing and Community Development Service (RHCDS) was established by an act of October 13, 1994 (108 Stat. 3219). The Service operated under the Consolidated Farm and Rural Development Act (7 U.S.C. 1921) and title V of the Housing Act of 1949 (42 U.S.C. 1471). RHCDS provided loans to rural residents who were unable to get credit from commercial sources at reasonable rates and terms and who had a reasonable chance for success. In addition, The Service guaranteed loans made by commercial lenders for modest rural housing. RHCDS also made direct loans to low-income rural residents. RHCDS was renamed Rural Housing Service as of January 30, 1996.
Where it sits
A component of Agriculture Department.
Recent actions
Consolidated Farm Service Agency
Deletion of Obsolete CFR Sections Pertaining to Farm Service Agency (Formerly Farmers Home Administration) Programs
Processing Requests for Section 515 Rural Rental Housing Loans
Processing Requests for Section 515 Rural Rental Housing (RRH) Loans
Agency Name Change
Notice of Availability of Housing Funds
Single Family Rural Housing Loans
Removal of the Prohibition Against Capitalizing Accrued Interest When Restructuring CFSA Guaranteed Loans