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Single Family Housing Guaranteed Loan Program in Texas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.
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The town had originally budgeted $800,000, intending to pay for the work with a $400,000 Community Development Block Grant, a $135,000 U.S. Army Corps of Engineers grant and a loan to cover the.
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