At USDA Rural Development. We are committed to helping improve the economy and quality of life in rural America. Through our programs, we touch rural America in many ways.
Our financial programs support such essential public facilities and services as water and sewer systems, housing, health clinics, emergency service facilities and electric and telephone service. We promote economic development by supporting loans to businesses through banks , credit unions and community-managed lending pools. We offer technical assistance and information to help agricultural producers and cooperatives get started and improve the effectiveness of their operations. We provide technical assistance to help communities undertake community empowerment programs.
USDA Rural Development has a $172 billion portfolio of loans and will administer $20 billion in loans, loan guarantees and grants through our programs in the current fiscal year. We achieve our mission by helping rural individuals, communities and businesses obtain the financial and technical assistance needed to address their diverse and unique needs.