Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Section 524 Site Development
Administering Agency/Entity | Department of Agriculture |
Short Description | Provides direct loans to nonprofit organizations and Indian tribes to purchase and develop land in rural areas. The building sites are to be sold on a cost development basis to families eligible for low- and very low-income loans, cooperatives, and broadly based nonprofit rural housing applicants. Sites financed through Section 524 have no restrictions on the methods by which the homes are financed or constructed. |
Primary Purpose | Assistance for buying, selling, or financing a home |
Type of Housing Supported | Homeownership |
Type of Assistance | Direct loan |
Fiscal Year 2010 Obligations | None; no loans were made in fiscal year 2010. |