Agency overview | |
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Formed | June 2, 1994 |
Preceding agency | |
Jurisdiction | Government of the United States |
Headquarters | Washington, D.C., United States |
Motto | "Together, America Prospers" |
Employees | 4,500 |
Agency executives |
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Parent department | United States Department of Agriculture (USDA) |
Child agency |
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Website | http://www.rd.usda.gov/ |
USDA Rural Development (RD) is a mission area within the United States Department of Agriculture which runs programs intended to improve the economy and quality of life in rural parts of the United States.[2]
Rural Development has a loan portfolio over $224.5 billion, and administers nearly $16 billion in program loans, loan guarantees, and grants through their programs. Rural Development promotes economic development by supporting loans to businesses through banks, credit unions and community-managed lending pools. It offers technical assistance and information to help agricultural producers and cooperatives get started and improve the effectiveness of their operations. Rural Development also provides technical assistance to help communities undertake community empowerment programs and helps rural residents buy or rent safe, affordable housing and make health and safety repairs to their homes.[3]