Congressional Funding of Rural Development and Rural Asset Building Programs

Since 2002, nearly every federal program that funds economic development and asset-building in rural communities has been cut, some by as much as 60 percent. With the notable exception of rural single-family housing loan programs, most rural development and rural asset-building programs witnessed significant reduction in Fiscal Years 2004 and 2005 after spending increases from 2002 to 2003.

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