Rural Rental Housing: Impact of Section 515 Loan Prepayments on Tenants and Housing Availability

RCED-88-15BR Published: Feb 11, 1988. Publicly Released: Feb 11, 1988.

Highlights

Pursuant to a congressional request, GAO provided information on the possible impact of prepaid Farmers Home Administration (FmHA) Rural Rental Housing Program loans on low-income tenant displacement and housing availability, focusing on the: (1) legality of FmHA acceptance of voluntary prepayment of loans originated before 1980; and (2) characteristics of prepaid loans as opposed to outstanding loans.

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Chuck Young

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Topics

Housing

Advance paymentsLoan repaymentsLow income housingMortgage loansProgram managementRent policiesRental housingRural housing programsTax sheltersMortgage market