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Highlights

Pursuant to a congressional request, GAO reviewed the Farmers Home Administration's (FmHA) Rural Rental Housing Program, focusing on: (1) FmHA procedures for allocating funds to states and selecting projects within states; (2) whether FmHA allocation procedures have resulted in project concentration in a relatively small number of states; (3) whether FmHA allocation and project award procedures reflect actual housing needs; (4) states' use of program funds; and (5) the size and status of the rural rental housing portfolio as of September 30, 1992.

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