NCSHA Joins Effort to Push the Administration for More Rural Housing Funding

NCSHA recently joined other national, state, and local organizations in sending a letter to President Obama and USDA Secretary Tom Vilsack urging them to propose FY 2013 funding levels for USDA rural housing programs at their FY 2011 appropriated levels or higher.  The letter expressed the groups’ strong concern over the Administration’s proposed cuts to rural housing programs in FY 2012.

 

The letter specifically urges the Administration to continue the Section 502 single-family subsidized direct loan program and acknowledges the Administration’s past support for it.  The letter also states that the Section 502 single-family guaranteed loan program cannot replace the direct program as they serve different populations.

 

Additionally, the letter requests the Administration propose funding for the Section 515 rural rental housing program equal to the amount proposed in FY 2012 and to include enough funding to develop new units.  It highlights the Multifamily Preservation and Revitalization (MPR) program and the Preservation Revolving Loan Fund (PRLF) as vital to the preservation of Section 515 units.

 

For more information on final FY 2012 funding levels for rural housing programs, see NCSHA’s November 18 blog.