The Trump administration’s Rural Development Loans Program will save rural development funds that the U.S. government currently disburses, The Jerusalem Press reports.
“Mississippians will have the ability to receive loans from the Federal Government,” President Donald Trump said during a speech to the Rural Development Fellows Association in Washington, D.C., in November.
“The loans will save millions of dollars, so this is a real, real deal.”
According to the White House, the Rural Renewal Program will “allow for the purchase of property, equipment, and infrastructure that has been lost in the development of communities in the last 20 years.”
It’s unclear exactly how many of the $40 billion in loans will come directly from the U., or whether it will be divided among the various programs.
According to a statement issued by the White.
House, only about 2 percent of the loan program’s $40.5 billion will go directly to rural development.
“In addition, the White Houses Office of Management and Budget estimates that approximately $1.6 billion in rural development assistance will be available through other federal programs through the end of 2021,” the statement said.
“Additionally, more than $1 billion of the Rural Program’s $6.4 billion in total funding will be made available to rural areas through other programs.”
The $40 million in rural loan assistance will cover loans made to eligible households.
The White House has yet to release details about the other $2 billion in grants it will make available.
“We are investing billions of dollars in rural infrastructure, roads, and other vital infrastructure, including the nation’s largest loan program, the R&R program, that are critical to our nation’s future,” said HUD Secretary Ryan Zinke in a statement announcing the Rural Grants Program in January.
“That is why I am proud to announce the creation of the President’s Rural Infrastructure Task Force. “
Our goal is to make sure we continue to support rural businesses that will grow, create jobs, and provide for our children and grandchildren,” Zinke added.
“That is why I am proud to announce the creation of the President’s Rural Infrastructure Task Force.
The President’s team is taking this important step to support the work of these organizations in helping our communities meet their obligations to ensure our nation has the infrastructure to thrive and flourish.”
The Rural Loans Program, which was created in the late 1980s, is a way for the federal and state governments to pay for infrastructure improvements.
The federal government disbursed $18 billion in R&s in 2016.
The program has been criticized for being “loose” in its funding, and the Trump administration has taken a number of steps to limit the amount of federal aid.
In December, the Trump Administration announced that it would no longer accept new R&ing applications.
The USDA has also slashed the amount the federal agencies can contribute, which could result in the endangering the Ramps program.
“Today, the President is committed to ensuring that the Federal Rural Development Act provides for a more sustainable and cost-effective program for the support of rural communities,” Zinkke said in a December statement.
“By working with states and local governments, we are creating a program that will help our communities grow and create jobs and grow our economy while keeping rural communities protected from the ravages of climate change and the impacts of extreme weather events.”
The program will allow for the sale of equipment, equipment and equipment, including homes, and to the development and maintenance of new rural infrastructure.