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CED-80-1 1 (1980-03-28)

handle is hein.gao/gaobabakz0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Congress OF THE UNITED STATES Ways Of Providing A Fairer Share Of Federal Housing Support To Rural Areas Many rural American families still live in sub- standard conditions, although progress has been made over the last 30 years in alleviat- ing housing shortages and improving condi- tions. Rural housing problems today are most acute in remote areas, among the elderly, and among those who rent. Rural areas receive only about 20 percent of the Federal housing support available des- pite having one-third of the Nation's popula- tion and one-half of the substandard housing. Urban areas have benefited more. Future progress depends on increasing the supply of mortgage credit, providing greater homeownership opportunities for moderate- income families, targeting more Federal hous- ing funds to the neediest areas, and emphas- izing programs to upgrade existing housing and develop new sites. The Secretaries of Agriculture and Housing and Urban Development should improve Fed- eral housing program operations in rural areas, and the Federal Farm Credit Board should'act to increase the supply of housing credit. 112029 ,.No CED-80-1 MARCH 28, 1980

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