USDA Expands Community Facilities Loan Program

The U.S. Department of Agriculture’s Rural Development office announced rule enhancements that make its Community Facilities Loan Program open to community lenders serving high-poverty rural areas. Under the new Community Facilities Relending Program, USDA can make long-term, low-cost, fixed-rate loans to “re-lenders,” who will re-loan the funds to develop essential community infrastructure in persistently poor areas.

Read the Federal Register notice.