Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Administering Agency/Entity	Department of Agriculture
Short Description	Provides grants to owners or buyers of Section 515 financed rental or Section 514/516 farm labor housing properties. The purpose of the program is to preserve and revitalize existing rural rental housing and farm labor housing projects financed by the Rural Housing Service under Section 515 and Sections 514/516 of the Housing Act of 1949 and to ensure that sufficient resources are available to continue to provide safe and affordable housing for very low- and low-income residents.
Primary Purpose	Assistance for financing rental housing
Type of Housing Supported	Rental Housing
Type of Assistance	Grant
Fiscal Year 2010 Obligations	$1,000,000; obligations represent the expected credit subsidy costs for loan commitments made in fiscal year 2010. These estimates of credit subsidy costs are revised in subsequent years and the ultimate cost will not be known until the loans have matured.