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

U.S. Government Accountability Office

Section 538 Rural Rental Housing Guaranteed Loans

Administering Agency/Entity Department of Agriculture
Short Description Guarantees loans to nonprofit or for-profit developers for the construction, acquisition, and rehabilitation of multifamily rental housing in rural areas that serve households with incomes that do not exceed 115 percent of area median income.
Primary Purpose Assistance for financing rental housing
Type of Housing Supported Rental Housing
Type of Assistance Guaranteed loan
Fiscal Year 2010 Obligations $1,000,000; obligations represent the expected credit subsidy costs for loan commitments made in fiscal year 2010. These estimates are revised in subsequent years and the ultimate cost will not be known until the loans have matured.

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