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Congress Approves Housing Spending Measures

•  The Home Investment Partnerships Program (HOME) received $1.925 billion for FY 2003, up from $1.846 billion in 2002.
• The Community Development Block Grant (CDBG) program received $4.368 billion for FY 2003. FY 2002 was set at $4.341 billion.
• The Partnership for Advancing Technology in Housing (PATH) program received $7.5 million for FY 2003. FY 2002 was set at $8.75 million.
• Housing Counseling Assistance received $40 million in FY 2003. FY 2002 was set at $20 million.
• Rural Housing and Economic Development (RHED) received $25 million, the same as the FY 2002 level.
• The Federal Emergency Management Agency (FEMA) flood maps received $150 million. FY 2002 was set at $25 million.

Following are highlights of the fiscal ’03 Department of Agriculture program allocations:

• The Rural Rental Housing Assistance (Sec. 521) received $726 million in FY 2003. FY 2002 was set at $701 million.
• The Sec. 515 Direct Loan Program (rental) received $115.8 million in FY 2003. FY 2002 was set at $114 million.
• The Sec. 538 Loan Guarantee Program received $100 million in FY 2003. FY 2002 was set at $99.8 million.
• The Sec. 502 Single Family Direct Loan Program received $1.044 billion in FY 2003. FY 2002 was set at $1.08 billion.
• The Sec. 502 Single Family Guarantee Program received $4.258 billion in FY 2003. FY 2004 was set at $3.14 billion

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