Office of Communications. Now, the process will be competitive, with projects serving the greatest need and creating the most units of housing per USDA-dollar invested to receive funding priority. Also new to the program is the ability to lend money to limited partnerships if they have a nonprofit general partner.
Limited partnerships are able to use low-income housing tax credits to construct housing facilities.
The proceeds of which can be leveraged with USDA program funds to increase the number of rental housing units. Farm workers ensure the successful production and distribution of our nation's agricultural commodities and they allow us to be competitive in world markets. At the same time, they suffer some of the worst housing conditions in the United States. Applicants must submit loan applications to their USDA Rural Development state office by 5 p.m., July 15, 1999.