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USDA to begin loan payments to socially disadvantaged borrowers under ARPA


Last updated 5/27/2021 at 11:19am

Note: This was provided by the U.S. Department of Agriculture

The U.S. Department of Agriculture Farm Service Agency has published the first notice of funding availability — NOFA —  announcing loan payments for eligible borrowers with qualifying direct farm loans under the American Rescue Plan Act Section 1005.

The official NOFA was published in the Federal Register today, available online at http://federalregister.gov/d/2021-11155, and USDA expects payments to begin in early June and continue on a rolling basis. A subsequent notice, addressing guaranteed loan balances and direct l...

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