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Why is the USDA Involved in Housing?!
In yesterday’s post, The 21st Century ROAD to Housing Act, I wrote that Trump’s Executive Order “cuts off institutional home investors from FHA insurance, VA guarantees and USDA backing…”. The USDA is of course the United States Department of Agriculture. In the comments, Hazel Meade
✦ Editorial Summary
The USDA's involvement in housing is unusual, given its primary focus on agriculture. The department provides backing for certain home loans through its programs, including FHA insurance and VA guarantees. This involvement is a result of the 1949 Housing Act, which expanded the USDA's role in rural housing development.
T1 SOURCE This article comes from a Tier 1 publication — a peer-reviewed journal, major wire service, or established research institution.
WOKHEI The excerpt above is sourced from the original publication. WokHei does not add editorial bias. Click the link below to read the full article at the source.
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