Rural Development and Protection

Rural Development and Protection Farmers Home Administration rural housing insurance fund For direct loans and related advances pursuant to section 517(m) of the Housing Act of 1949, as amended, $20,000,000 shall be available from funds in the rural housing insurance fund, and for insured loans as authorized by title V of the Housing Act of 1949, as amended, $2,696,000,000 of which not less than $1,670,000,000 shall be available for subsidized interest loans to low-income borrowers as determined by the Secretary. For an additional amount to reimburse the rural housing insurance fund for losses sustained in prior years, but not previously reimbursed, in carrying out the provisions of title V of the Housing Act of 1949,89 STAT. 654 as amended (42 U.S.C. 1483, 1487e, and 1490a(c)), including $86,042,000 as authorized by section 521(c) of the Act, $122,000,000, and such amounts as may be necessary to carry out a rental assistance program under section 521(a)(2) of the Housing Act of 1949, as amended. For “Rural Housing Insurance Fund” for the period July 1, 1976, through September 30, 1976, for direct loans pursuant to section 517 (m) of the Housing Act of 1949, as amended, $5,000,000 shall be available from funds in the rural housing insurance fund and for insured loans as authorized by title V of the Housing Act of 1949, as amended, $674,250,000 of which not less than $417,500,000 shall be available for subsidized interest loans to low-income borrowers as determined by the Secretary and such amounts as may be necessary to reimburse the fund to carry out a rental assistance program under section 521(a) (2) of the Housing Act of 1949, as amended.