USDA Rural Housing Funding Update

USDA Rural Housing Funding

On May 26, Department of Agriculture Secretary Tom Vilsack, authorized the issuance of Conditional Commitments for USDA’s Section 502 Single Family Housing Guaranteed Loan Program beginning immediately and continuing until $2.5 billion in loan limits is exhausted. The decision to increase the commitment authority will provide the guarantees needed to assist rural families, local housing markets, create jobs and generate new tax revenues.

The preceeding information is courtesy Richard Garcia with People’s Bank.  You can find Richard anytime at (206) 297-2854 or Richard.Garcia@peoplesbank-wa.com.