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Based on “Policy Update”.

CEO update

I am excited to be at RCAC and a part of the self-help network. Mutual Self-Help Housing has always been one of my favorite programs. I love everything about it and the impact it has on families, neighborhoods and communities. Stan and I just returned from the National Rural Housing Coalition’s winter meeting. The situation for this fiscal year’s funding is unclear.

Policy update

The House of Representatives Appropriations Committee has reported its final funding numbers for next fiscal year. In spite of using a pretty aggressive budget number, the House is only increasing the self-help account from $30 to $32 million.

CEO/policy update

I want you all to know that I will be retiring from RCAC at the end of the year. I am extremely proud of all we have accomplished at RCAC in the past 11 years, but it is time for someone new to move the organization forward.

Policy update

The House and Senate Appropriations Subcommittees for Agriculture released preliminary numbers for next fiscal year. Generally the House numbers are more conservative than those from the Senate, which requested $1.1 billion for U.S. Department of Agriculture (USDA) Section 502 Direct lending and $30 million for USDA Section 523 Mutual Self-Help Housing.