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The USDA's Section 502 Single Family Direct Loan Housing Program provides subsidized housing loans to low- & moderate-income rural residents who do not own adequate housing & cannot obtain a home mortgage form other sources. Typical recent borrowers from the program are under 40, have children, have low or modest incomes, have a home that is better than their previous residence, & are satisfied with their current home, neighborhood, & the Section 502 program. Most believed that, without assistance from the program, they would have been unable to afford a comparable home for at least 2 years & possible never. Charts & tables.Mikesell, James J. is the author of 'Meeting the Housing Needs of Rural Residents : Results of the 1998 Survey of USDA's Single Family Direct Loan Housing Program', published 2001 under ISBN 9780756712334 and ISBN 0756712335.
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