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Code · BILL · 113th Congress · H.R. 83 (EAH) — 113 HR 83 EAH: Consolidated and Further Continuing Appropriations Act, 2015 · Sec. 729

Sec. 729.

116 words·~1 min read·/bill/113/hr/83/eah/section-729

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The Secretary shall continue the pilot program in effect for fiscal year 2013 for packaging and reviewing section 502 single family direct loans. The Secretary shall continue agreements with current intermediary organizations and not later than 90 days after enactment of this Act enter into additional agreements that increase the number of participating intermediary organizations to not less than 10. The Secretary shall work with these organizations to increase the effectiveness of the section 502 single family direct loan program in rural communities and shall set aside and make available from the national reserve section 502 loans an amount necessary to support the work of such intermediaries and provide a priority for review of such loans.
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