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now have half of the nation’s housing goal for the 1970’s. “We expect the sharp uptrend in rural housing to continue. In the Farmers Home Administration, we fully expect to do our part in bringing rural housing up to modern standards for every family.” Mr. Peck said progress in rural housing has been speeded up through new authorizations put into effect by Farmers Home earlier this year. “We now make loans to rural homesite development organizations, and we work with rural builders to assure that homes they build on a multiple basis will meet quality standards for Farmers home loan insurances.” ;The County Supervisor asserted that the ruril housing program' IS “one of the main channels pouring private capital into rural community progress.” Farmers Home Administration insured loans serve families or organizations unable to secure home financing through other sources.
Eligibility covers people of low and moderate income, including senior citizens, in rural towns of not more than 5,500 people, plus farm and nonfarm residents of the countryside. If a loan cannot be covered by a local lending institution, Farmers Home advances the loan from a revolving fund, then finds an investor elsewhere to take over the government-insured loan note.
93.6%