USDA seeking cooperatives to serve discriminated borrowers

USDA seeking cooperatives to serve discriminated borrowers

The USDA is seeking nongovernmental administrators to help distribute financial assistance to borrowers who have faced discrimination.

The Inflation Reduction Act appropriated $2.2 billion in financial assistance to producers who have experienced discrimination in USDA’s farm lending programs and specifies nongovernmental programs coordinate the delivery of a national program.

The agency says a national administrator and four regional hubs will be established to solicit and process applications and wants interested partners and community-based organizations to contact them.

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