Senate Appropriations Committee Approves Fiscal 2012 Bill with Section 515, Section 538 Funds

摘要

The Senate Appropriations Committee approved a fiscal 2012 agriculture appropriations bill (H.R. 2112) on September 7 that would provide $64.5 million for Section 515 multifamily loans and a $130 million program level for Section 538 guaranteed multifamily loans while reinstating guarantee fees for the program. The bill states that Section 538 fees may be adjusted to cover the projected cost of the loans but that interest on the loans may not be subsidized.