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An Analysis of Selected Characteristics of Section 502 Applicants
FmHA is the credit agency within USDA. FmHA has expanded its programs to include not only farm oriented lending but business, community facility and housing lending programs as well. The Section 502 Single Family Housing program was conceived in the Federal Housing Act of 1949 and has progressed from a program providing funds for constructing housing only on farms to one providing low and moderate income loans in towns up to 20,000 persons. The Section 502 program matured in a time when rural area housing stock was particularly neglected. The legislative mandate was then to meet the rural need for decent, safe, and sanitary housing. Demographic studies have shown that rural areas have historically contained a disproportionate share of the nation's substandard housing. Finally, recent studies indicate that although rural areas contain a larger percentage of substandard dwellings than urban areas, the total number of substandard dwellings occupied in rural areas is actually a small percentage of the total housing stock.
An Analysis of Selected Characteristics of Section 502 Applicants
FmHA is the credit agency within USDA. FmHA has expanded its programs to include not only farm oriented lending but business, community facility and housing lending programs as well. The Section 502 Single Family Housing program was conceived in the Federal Housing Act of 1949 and has progressed from a program providing funds for constructing housing only on farms to one providing low and moderate income loans in towns up to 20,000 persons. The Section 502 program matured in a time when rural area housing stock was particularly neglected. The legislative mandate was then to meet the rural need for decent, safe, and sanitary housing. Demographic studies have shown that rural areas have historically contained a disproportionate share of the nation's substandard housing. Finally, recent studies indicate that although rural areas contain a larger percentage of substandard dwellings than urban areas, the total number of substandard dwellings occupied in rural areas is actually a small percentage of the total housing stock.
An Analysis of Selected Characteristics of Section 502 Applicants
W. J. French (author)
1982
88 pages
Report
No indication
English
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