- USDA Rural Development
Rural Development has an $86 billion dollar loan portfolio, and administers nearly $16 billion in program loans, loan guarantees, and grants through their programs. For various reasons, some of this funding currently goes to urban areas to help develop and redevelop suburbs and resort cities.
The Rural Development Administration (RDA) was a USDA agency established by the 1990 farm bill (P.L. 101-624, Sec. 2302), amending the Consolidated Farm and Rural Development Act of 1972 (7 U.S.C. 1921 et seq.), to administer FmHA community and business programs and other USDA rural development programs. RDA was superseded by the Office of Rural Development following the 1994 reorganization of USDA authorized by P.L. 103-354.
On October 13, 1994, the Department of Agriculture was reorganized under the Federal Crop Insurance Reform Act of 1994 and Department of Agriculture Reorganization Act. Under that act, USDA Rural Development was created to administer the former Farmers Home Administration's (FmHA) non-farm financial programs for rural housing, community facilities, water and waste disposal, and rural businesses. The former Rural Electrification Administration's (REA) utility programs were also consolidated within Rural Development.
- ^ USDA Rural Development: mission statement Retrieved on April 5, 2007
- ^ Gaul, Gilbert M. and Cohen, Sarah (April 6, 2007). "Rural Aid Goes to Urban Areas: USDA Development Program Helps Suburbs, Resort Cities". Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2007/04/05/AR2007040502033.html. Retrieved May 27, 2010.
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