Nanaikeola Groundbreaking Ceremony

There was a significant decline in Section 502 loans in FY 2026

USDA’s Rural Development agency is falling behind on rural housing spending for multifamily homes.

Experts blame administrative modifications the department made to how the program was administered in February — changes that the National Rural Housing Coalition warned at the time could “significantly reduce the likelihood” of spending the full amount before the end of the fiscal year.