- Industry: Government
- Number of terms: 41534
- Number of blossaries: 0
- Company Profile:
Rental assistance authorized under Section 521 of the Housing Act of 1949. Owners of housing financed under Section 515 or Section 514 may receive rental assistance payments from the Rural Housing Service (RHS). The assistance payments enable eligible tenants to make monthly rent payments that do not exceed the greater of (1) 30 percent of monthly adjusted family income, (2) 10 percent of monthly income, or (3) for welfare recipients, the portion of the family’s welfare payment that is designated for housing costs. The rental assistance payments, which are made directly to the borrowers, make up the difference between the tenants’ payments and the RHS-approved rent for the units. Borrowers must agree to operate the property on a limited profit or nonprofit basis. The term of the rental assistance agreement is 20 years for new construction projects and 5 years for existing projects. Agreements may be renewed for up to 5 years. An eligible borrower who does not participate in the program may be petitioned to participate by 20 percent or more of the tenants eligible for rental assistance.
Industry:Agriculture
A USDA farm labor housing program authorized under Section 516 of the Housing Act of 1949. Qualified nonprofit organizations, Indian tribes, or public bodies obtain grants for the development cost of farm labor housing. Grants may be used simultaneously with Section 514 loans if the housing, for which there is a "pressing need," will not be built without assistance from the Rural Housing Service. Grants may be made for up to 90% of the development cost of the housing. In a given fiscal year, up to 10% of the Section 516 funds shall be for domestic and migrant farm worker housing. Applicants must contribute at least 10% of the total development costs from their own resources or from other sources including Section 514 loans. Funds may be used to buy, build, or improve housing and related facilities for farm workers, and to purchase and improve the land upon which the housing will be located, including installation of streets, water supply and waste disposal systems, parking areas, and driveways as well as for the purchase and installation of appliances such as ranges, refrigerators, and clothes washers and dryers. Related facilities may include the maintenance workshop, recreation center, small infirmary, laundry room, day care center, and office and living quarters for the resident manager.
Industry:Agriculture
A USDA rural housing program authorized under Section 515 of the Housing Act of 1949. The Rural Housing Service is authorized to make loans to provide rental housing for low- and moderate-income families in rural areas. Section 515 loans also may be used for congregate housing for the elderly and handicapped. Loans under Section 515 are made to individuals, corporations, associations, trusts, partnerships, or public agencies. The loans are made at 1% interest for a term of 50 years. Except for public agencies, all borrowers must demonstrate that financial assistance from other sources will not enable the borrower to provide the housing at terms that are affordable to the target population.
Industry:Agriculture
A domestic farm labor housing program authorized under Section 514 of the Housing Act of 1949. The Rural Housing Service (RHS) makes loans to farm owners, associations of farm owners, or nonprofit organizations to provide "modest" living quarters, basic household furnishings, and related facilities. The loans are repayable in 33 years and bear an interest rate of 1%. Applicants, who own farms or who represent farm owners, must show that the farming operations have a demonstrated need for farm labor housing and the applicants must agree to own and operate the property on a nonprofit basis. Except for state and local public agencies or political subdivisions, the applicants must be unable to provide the housing from their own resources and unable to obtain the credit from other sources on terms and conditions that they could reasonably be expected to fulfill and still provide farmworker housing at rental rates that would be affordable to the workers. The RHS may make exceptions to the "credit elsewhere" test when (1) there is a need in the area for housing for migrant farm workers and the applicant will provide such housing, and (2) there is no state or local body or no nonprofit organization that, within a reasonable period of time, is willing and able to provide the housing.
Industry:Agriculture
A USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service direct loans to repair their homes. Loans are limited to $15,000 and have a 20-year term at a 1% interest rate. Owners of age 62 or more may qualify for grants of up to $5,000 to pay for needed repairs. To qualify for the grants, the elderly must lack the ability to repay the full cost of the repairs. Depending on the cost of the repairs and the income of the homeowner, the owner may be eligible for a grant for the full cost of the repairs or for some combination of a loan and a grant to covers repair costs. The combination loan and grant may total no more than $15,000.
Industry:Agriculture
A rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing new or existing single-family housing. Loans are made directly by RHS or by private lenders with a USDA guarantee. Borrowers with income of 80% or less of the area median may be eligible for 33-year direct loans and may receive interest credit to bring the interest rate to as low as 1%. In a given fiscal year, at least 40% of the units financed under this section must be made available only to very low-income families or individuals (below 60% of the area median) with terms up to 38 years. Borrowers must have the means to repay the loans, but be unable to secure reasonable credit terms elsewhere. Borrowers with income of up to 115% of the area median may be eligible for 30-year guaranteed loans from private lenders. Priority is given to first-time homebuyers, and the RHS may require that borrowers complete a homeownership counseling program.
Industry:Agriculture
A section of the Agricultural Act of 1949 that provides for the disposition of agricultural commodities held by the Commodity Credit Corporation to prevent waste. Disposal is usually carried out by donation of commodities to charitable groups and foreign governments.
Industry:Agriculture
A provision of the Clean Water Act establishing a program regulating the discharge of dredge or fill material into the nation’s waters. Permits for individual dredge or fill activities are issued by the Army Corps of Engineers, subject to guidelines prepared by the Environmental Protection Agency. Primarily because this program can impact economic development by restricting the filling of wetlands, it has been controversial. It applies to agricultural, as well as non-agricultural lands. However, normal farming operations, silviculture, and ranching activities such as plowing, cultivating, and minor drainage, and the construction and maintenance of farm and stock ponds, irrigation and drainage ditches, and farm and forest roads are exempted by law from the permit requirements of this program. In addition, Section 404 authorizes "general permits" for certain activities, including several agricultural ones, so that individual landowners need not apply for a permit. For example, there are general permits for cranberry bogs and for rice culture.
Industry:Agriculture
A section of the Trade Act of 1974 that authorizes the President to take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government which violates an international trade agreement or is unjustified, unreasonable, or discriminatory, and which burdens or restricts U.S. commerce.
Industry:Agriculture
Refers to the provision of the Clean Water Act of 1972 which authorized a program of state planning grants for the control of nonpoint source pollution.
Industry:Agriculture
