One of the most frequent questions I get these days is "what is the future of the USDA program? I hear they are out of funds?"
While this is true, I have always felt that they feds would find a way to renew funding for the program very soon. They can't allow such a powerful program to sit on the sidelines and disrupt the already fragile market, possibly reversing some to the momentum we as taxpayers have already paid for.
It sounds like our government representatives agree, as the Rural Housing Preservation and Stabilization Act (H.R. 5017) is now being proposed.
HR 5017 is set to be voted on this week. Once approved it will be sent to the Senate. Below is another press release regarding support for the 502 Guaranteed program:
http://courtney.house.gov/index.cfm?sectionid=167§iontree=4,11,167&itemid=749
Please let me know if you have any questions.
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