NAR Letter to HFSC Chair Waters and Ranking Member McHenry Supporting Rural Housing Service

On April,1 NAR sent a letter to Chairwoman Waters and Ranking Member McHenry of the House Financial Services Committee. The letter expresses NAR’s strong support of the Rural Housing Service, and urges Congress to help make its program as robust and efficient as possible. Nearly 20 percent of the U.S. population lives in rural areas or small towns. The programs of the Rural Housing Service of the U.S. Department of Agriculture provide critical options for housing in rural communities. Through the Section 515, 521 and 538 rental housing programs, USDA tries to 1 bridge the gap, however rental housing is in short supply in rural America. This makes the 502 home loan programs even more valuable to rural families.