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VOLUME 21

1934

AflTED

Washington, Friday, May 25, 1956

TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter G Miscellaneous Regulations FHA Instruction 444.1
P art 383 F arm H o u sin g L o ans DIRECT FARM HOUSING LOANS UNDER SECTION
502 OF THE HOUSING ACT OF 1949, AS
AMENDED

Chapter I I I of this Title is amended by the addition of a new Part 383 as follows:
Sec.
383.1
383.2
383.3
383.4
383.5
383.6
383.7
383.8
383.9
383.10
383.11
383.12
383.13
383.14

General.
Objective.
Qualifications for Farm Housing loan.
Veterans preference.
Loan purposes.

Special requirements.
Rates and terms.
Technical service.
Security.
Processing applications and county committee certification.
Preparation o f loan docket.
Loan approval.
Actions subsequent to loan approval.
Subsequent Farm Housing loans.

A u t h o r i t y : 383.1 to 383.14 issued under 8- S. 161, sec. 510 g , 63 Stat. 438; 5 U. S. O.
22, 42 U. S. C. 1480 g . Statutory provi sions interpreted or applied are cited to text IQ parentheses.

388.1 General. This part prescribes the policies, authorities, and procedures for making direct Farm Housing loans tuiaer section 502 of the Housing Act of 1949, as amended.
Sec. 501, 63 Stat. 432; 42 U. S. C. 1471

383.2 Objective. The basic objec tive of Farm Housing loans is to provide . ent, safe, and sanitary farm dwelllss essential farm service buildings, related facilities to farm owners who go not have sufficient resources to pro . such housing and cannot secure credit from other sources on terms and conditions which they reasonably could ce expected to fulfill.
Sec. 501, 63 Stat. 432; 42 U. S. C. 1471

. $383.3 Qualifications for Farm Hornlng lan a Applicant. In order to be
éligible for Farm Housing loan, the ap CONTENTS
plicant must:
1 Be the owner of a farm.
Agricultural Marketing Service Pa&e 2 Have income from the farm and other sources sufficient to meet: farm Proposed rule making:
Avocados; prohibitions of im operating and family living expenses, in 3579
ported commodities_________
cluding necessary capital replacements, Milk in New York metropolitan payments on any existing debts, and marketing area and in north payments on the proposed Farm Housing ern New Jersey______________ 3537
loan.
3 Be a citizen o f the United States. Rules and regulations :
Avocados grown in south Flor 4 Be without sufficient resources to ida; quality regulation______ 3488
provide on his own account the necessary Milk in Wilmington, Del., mar housing, buildings, or repair and im keting area; handling_______ 3488
provements thereto, and be unable to Plums grown in California;
secure the necessary credit from other regulation by grades and sizes sources upon terms and conditions which 3 documents__________ 3486, 3487
he reasonably could be expected to fulfill.
5 Possess the character, ability, and Agricultural Research Service experience necessary to carry out suc cessfully the farming operations, and Rules and regulations :
Foreign quarantine notice; ad satisfy the County Committee and loan ministrative instructions pre approval official that he will endeavor scribing method of treatment honestly to carry out the undertakings o f mangoes from the West and obligations required of him in con In dies_________ <.____________ 3485
nection with the Farm Housing loan.
6 Possess legal capacity to contract Agriculture Department for the repayment of the Farm Housing See Agricultural Marketing Serv loan.
b Farm. For the purposes of this ice; Agricultural Research Serv ice; Commodity Credit Corpora part, a farm as defined in the Housing tion; Farmers Home Adminis Act of 1949, as amended, includes the tration.
total acreage of one or more tracts of land owned by the applicant and op Alien Property Office erated as an individual farm or ranch.
In addition, the applicants farm must Notices:
Vesting orders :, b in agricultural production andbe of Banca Romaneasca S. A. 5
such size and productive capacity that documents__________ 3613-3615
it 1 will produce agricultural com Hubert Sigmund Stahl und modities in sufficient quantities that the Metallwaren_____ _______ _ 3615
proceeds from their sale will be a sub stantial portion of the operators total Civil Aeronautics Administra cash income, and 2 is recognized in tion the community as a farm rather than Rules and regulations:
a rural residence.
Alterations:
Secs. 501, 502, 508, 63 Stat. 432, 433, 436; 42
Designation of civil airways 3494
U. S. C. 1471, 1472, 1478
Designation of control areas, 383.4 Veterans? preference. Vet control zones, and report erans, as defined in 301.22 of this chap ing points_________________ 3495
ter, and spouses and children of deceased Restricted areas 2 docu m ents________________ 3496,3497
servicemen, will be given preference for Farm Housing loans. When it appears Civil Aeronautics Board that available funds will be inadequate to meet the needs of all applicants, the Notices:
Hearings, etc.:
applications on hand from veterans, and Capital gains proceeding____ 3611
spouses and children of deceased serviceMackey Airlines, Inc., and , Continued on p. 3479
Midet Aviation Corp______ 3611
3477