# Rural Housing Insurance Fund

**Agency:** Agriculture (USDA)  
**Account:** Rural Housing Insurance Fund  
**Source document:** Rural Housing Service · p. 11  
**Vintage:** President's Budget PB2027  
**Canonical URL:** https://hitchintel.com/budget/agriculture/rural-housing-insurance-fund  

> **Trust:** parsed from the agency Congressional Justification. Approximate, **not summable**, verify at the cited page.

## Funding ($M)

| Fiscal year | Basis | Amount |
| --- | --- | --- |
| FY2026 | enacted | 26,281.5 |
| FY2027 | request | 567.8 |

## Agriculture (USDA) discretionary budget authority (OMB PBDB — authoritative)

FY2027 $20.40B, FY2026 $33.40B. This is the agency total, not a sum of the parsed lines.


## What this funds

The appropriations language follows (new language underscored; deleted matter enclosed in 1 Rural Housing Insurance Fund Program Account (including transfer of funds) 2 For gross obligations for the principal amount of direct and guaranteed loans as authorized by title V of 3 the Housing Act of 1949, to be available from funds in the rural housing insurance fund, as follows: 5 Family Housing Relending demonstration program for Native American Tribes; and 7 section 502 unsubsidized guaranteed loans; $25,000,000 for section 504 housing repair loans; 9 guaranteed multi-family housing loans; and $10,000,000 for credit sales of single family housing 10 acquired property; [$5,000,000 for section 523 self-help housing land development loans; 13 For the cost of direct loans, guaranteed loans, and grants, including the cost of modifying loans, as 14 defined in section 502 of the Congressional Budget Act of 1974, as follows: section 502 direct loans, 21 remain available until expended; and farm labor housing grants, as authorized by section 516 of the 23 expended: Provided, That to support the loan program level for section 538 guaranteed loans made 24 available under this heading the Secretary may charge or adjust any fees to cover the projected cost 25 of such loan guarantees pursuant to the provisions of the Credit Reform Act of 1990 (2 U.S.C. 661 et 26 seq.), and the interest on such loans may not be subsidized: Provided further, That applicants in 27 communities that have a current rural area waiver under section 541 of the Housing Act of 1949 (42 28 U.S.C. 1490q) shall be treated as living in a rural area for purposes of section 502 guaranteed loans 29 provided under this heading: Provided further, That [of the amounts available under this paragraph 30 for section 502 direct loans, no less than $5,000,000 shall be available for direct loans for individuals 31 whose homes will be built pursuant to a program funded with a mutual and self-help housing grant 32 authorized by section 523 of the Housing Act of 1949 until June 2026; Provided further, That the 33 Secretary shall implement provisions to provide incentives to nonprofit organizations and public 34 housing authorities to facilitate the acquisition of Rural Housing Service (RHS) multifamily housing 35 properties by such nonprofit organizations and public housing authorities that commit to keep such 36 properties in the RHS multifamily housing program for a period of time as determined by the 37 Secretary, with such incentives to include, but no be limited to, the following: allow such nonprofit 38 entities and public housing authorities to earn a Return on Investment on the owner's initial equity 39 contributions, as defined by the Secretary, invested in the transaction; and allow reimbursement of 40 organizational costs associated with owner's oversight of asset referred to as "Asset Management Fee" 42 1474(a)), section 504 housing repair loans for $15,000 or less need only be evidenced by a 44 In addition, for the cost of direct loans and grants, including the cost of modifying loans, as defined in 46 expended, for a demonstration program for the preservation and revitalization of the sections 514, 47 515, and 516 multi-family rental housing properties to restructure existing USDA multi-family housing 48 loans, as the Secretary deems appropriate, expressly for the purposes of ensuring the project has 49 sufficient resources to preserve the project for the purpose of providing safe and affordable housing 50 for low-income residents and farm laborers including reducing or eliminating interest; deferring loan 51 payments, subordinating, reducing or re-amortizing loan debt; and other financial assistance including 52 advances, payments and incentives (including the ability of owners to obtain reasonable returns on 53 investment) required by the Secretary: Provided, That the Secretary shall, as part of the preservation 54 and revitalization agreement, obtain a restrictive use agreement consistent with the terms of the 56 In addition, for administrative expenses necessary to carry out the direct and guaranteed loan 57 programs, $412,254,000 shall be paid to the appropriation for "Rural Development, Salaries and The first change (lines 4 and 5 of paragraph 1) deletes language associated with the Program Level for the Relending Demonstration Program for Native American Tribes; it is not requested in the 2027 The second change (line 6 of paragraph 1) added language for Section 502 Guaranteed Loans to be available for a two-year period, until September 30, 2028, which will facilitate continuity of lending The third change (lines 10 to 11 of paragraph 1) deletes language referencing the Section 523 self- help housing land development program, the Section 524 site land development loans; these are not requested in the 2027 President's Budget. The fourth change (lines 15 and 17 of paragraph 2) deletes language requesting two-year funds for Section 502 direct loan Budget Authority request and deletes the Budget Authority language for the Relending Demonstration Program for Native American Tribes; it is not requested in the 2027 The fifth change (lines 19 to 20 of paragraph 2) deletes language requesting Budget Authority for Section 523 self-help housing land development program, the Section 524 site land development loans; these are not requested in the 2027 President's Budget. The sixth change (lines 29 to 41 of paragraph 2) deletes language referencing the Section 523 mutual self-help funds and the Section 515 rural rental housing programs; they are not requested in the 2027 The seventh change (lines 41 to 43 of paragraph 2) add language that adjusts the $7,500 non- secured cap for section 504 grants to $15,000. The Section 504 repair program serves our lowest income, elderly applicants, who are often located in high-poverty areas. The $7,500 limit has become outdated, and discourages small repairs, where the cost is not high enough to make it reasonable to file a mortgage and encumber the property. Raising the limit to $15,000 is more reasonable and will Table RHS-5. Project Statement on Basis of Appropriations (thousands of dollars)


**Where it sits:** Civilian / Non-Defense › Agriculture (USDA) › Rural Housing Service › Rural Housing Insurance Fund


*HitchAI is an independent intelligence service, not affiliated with the U.S. government. Civilian line dollars are parsed from agency Congressional Justifications and are approximate.*