Federal budget recommendations and legislative proposals are raising questions about the future of federal financial support for rural affordable rental housing projects and about how these much-needed developments will be funded in coming years. Past and recent data on properties and rural market analyses suggest that the Section 538 Rural Rental Loan Guarantee Program provides a beneficial service by financing new rural properties and by providing preservation funds for older Section 515 apartments. Although other funding avenues such as Fannie Mae, Freddie Mac or FHA are available and effective, none provides the same dedication to rural America as do the Rural Development programs.
Read more...The Future of Rural Rental Housing Finance | Multi-Housing News Online
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.