The U.S. House of Representatives’ Appropriations Committee on July 6 passed H.R. 2997, the FY 2010 appropriations bill for the U.S. Department of Agriculture (USDA), which includes funding for federal rural housing programs. The bill proposes $2.825 billion — a $92 million increase from FY 2009 — for USDA programs vital to rural communities, including rural housing, water projects, community facilities, and economic development. Below are proposed FY 2010 funding levels for certain individual programs and actual FY 2009 funding levels.
USDA Rural Development Program | 2009 | Proposed 2010 |
515 Rental Housing Direct Loans | $69.5 million | $80 million |
538 Rental Housing Guaranteed Loans | $129.1 million | $129.1 million |
514 Farm Labor Housing Loans | $20 million | $29.4 million |
516 Farm Labor Housing Grants | $9.1 million | $11 million |
521 Rental Assistance (1-yr. contracts) | $902.5 million | $980 million |
Multifamily Rental Preservation Demonstration | $20 million | $25 million |
Rural Community Development Initiative | $6.3 million | $6.3 million |
Rental Preservation Revolving Loan Fund | $2.9 million | $1.8 million |
542 Rural Housing Vouchers | $5 million | $5 million |
