The Council for Affordable and Rural Housing (CARH) has released a detailed summary of the recent legislation signed by President Obama to increase the debt limit from $2.1 to $2.4 trillion and create a bipartisan “super committee” tasked with developing a strategy to lower the national debt by $1.5 trillion over the next 10 years. In addition, CAHR considers the potential impact on various rural housing development programs and initiatives, including the Section 521 Rental Assistance (RA) Program, the Multi-Family Housing Revitalization Program (MPR), Section 538 Guaranteed Rural Rental Housing Program and other HUD programs. Read More…
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