Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Section 524 Site Development

Administering Agency/Entity Department of Agriculture
Short Description Provides direct loans to nonprofit organizations and Indian tribes to purchase and develop land in rural areas. The building sites are to be sold on a cost development basis to families eligible for low- and very low-income loans, cooperatives, and broadly based nonprofit rural housing applicants. Sites financed through Section 524 have no restrictions on the methods by which the homes are financed or constructed.
Primary Purpose Assistance for buying, selling, or financing a home
Type of Housing Supported Homeownership
Type of Assistance Direct loan
Fiscal Year 2010 Obligations None; no loans were made in fiscal year 2010.

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