Rural Housing Service - RHS

AAA

DEFINITION of 'Rural Housing Service - RHS'

An administrative division within the U.S. Department of Agriculture that manages programs that focus on rural housing and community service facilities and are designed to improve the quality of life in U.S. rural communities. Perhaps one of the RHS's most well-known programs is its subsidized home loan program for people with low-to-moderate incomes who want to purchase, construct or rehabilitate a single-family rural home.

INVESTOPEDIA EXPLAINS 'Rural Housing Service - RHS'

The RHS also loans money to rural homeowners at an effective annual interest rate of 1%. Low-income rural residents age 62 and older may be eligible to receive home-repair grants of up to $7,500. The RHS also makes long-term subsidized loans for the construction of affordable rental or cooperative housing for underserved rural populations, such as those with low incomes, families, the elderly and the disabled.

RELATED TERMS
  1. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  2. Production Credit Association - ...

    A federal instrumentality created by Congress through the Farm ...
  3. Farmers Home Administration - FmHA

    An agency of the U.S. Department of Agriculture created to assist ...
  4. U.S. Department of Housing and ...

    A U.S. government agency created in 1965 to support community ...
  5. Loan

    The act of giving money, property or other material goods to ...
  6. Subsidy

    A benefit given by the government to groups or individuals usually ...
Related Articles
  1. 4 Steps To Attaining A Mortgage
    Credit & Loans

    4 Steps To Attaining A Mortgage

  2. Mortgages: How Much Can You Afford?
    Budgeting

    Mortgages: How Much Can You Afford?

  3. Home-Equity Loans: The Costs
    Options & Futures

    Home-Equity Loans: The Costs

  4. 5 Investment Risks Created By Global ...
    Home & Auto

    5 Investment Risks Created By Global ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center