# 7 C.F.R. § 3550.2 (2026): Purpose

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_2

## Section

- **Citation:** 7 C.F.R. § 3550.2 (2026)
- **Heading:** Purpose
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 7 CFR: Agriculture / Chapter XXXV: RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE / Part 3550: DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS / Subpart A: General / § 3550.2: § 3550.2   Purpose.

## Text

The purpose of the direct RHS single family housing loan programs is to provide low- and very low-income people who will live in rural areas with an opportunity to own adequate but modest, decent, safe, and sanitary dwellings and related facilities. The section 502 program offers persons who do not currently own adequate housing, and who cannot obtain other credit, the opportunity to acquire, build, rehabilitate, improve, or relocate dwellings in rural areas. The section 504 program offers loans to very low-income homeowners who cannot obtain other credit to repair or rehabilitate their properties. The section 504 program also offers grants to homeowners age 62 or older who cannot obtain a loan to correct health and safety hazards or to make the unit accessible to household members with disabilities.

## Nearby sections

- [7 C.F.R. § 3550.1 (2026) § 3550.1   Applicability.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_1.md)
- [7 C.F.R. § 3550.2 (2026) § 3550.2   Purpose.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_2.md)
- [7 C.F.R. § 3550.3 (2026) § 3550.3   Civil rights.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_3.md)
- [7 C.F.R. § 3550.4 (2026) § 3550.4   Reviews and appeals.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_4.md)
- [7 C.F.R. § 3550.5 (2026) § 3550.5   Environmental requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_5.md)
- [7 C.F.R. § 3550.6 (2026) § 3550.6   State law or State supplement.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_6.md)
- [7 C.F.R. § 3550.7 (2026) § 3550.7   Demonstration programs.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_7.md)
- [7 C.F.R. § 3550.8 (2026) § 3550.8   Exception authority.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_8.md)
- [7 C.F.R. § 3550.9 (2026) § 3550.9   Conflict of interest.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_9.md)
- [7 C.F.R. § 3550.10 (2026) § 3550.10   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_10.md)
- [7 C.F.R. § 3550.11 (2026) § 3550.11   State Director assessment of homeownership education.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_11.md)
- [7 C.F.R. § 3550.50 (2026) § 3550.50   OMB control number.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_50.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T7_P3550_S3550_2. Check the current official text before relying on it. Not legal advice.