7 CFR 1822.262

§ 1822.262 Objective.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1822.262, § 1822.262 Objective, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28438
Permanent ID: ys:prov:28438@1
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Full text

The basic objective of RHS loans is to assist public or private nonprofit organizations interested in providing sites for housing, to acquire and develop land in rural areas. This land will be subdivided into adequate building sites and sold on a nonprofit basis to (a) families eligible for low and moderate income section 502 Rural Housing (RH) loans, including self-help housing; (b) cooperative Rural Cooperative Housing (RCH) applicants and broadly based nonprofit Rural Rental Housing (RRH) applicants; and (c) applicants eligible for Housing and Urban Development (HUD) sections 235 and 236 insured mortgages.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.