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Legislation Introduced to Improve Credit for Critical Rural Facilities

The Investing in Rural America Act was introduced in the House of Representatives, and the Farm Credit Council reacted positively.

“We thank those who introduced the legislation for their commitment to rural communities,” says FCC President and CEO Todd Van Hoose. “This legislation will spur the development of critical facilities in rural communities, such as hospitals, childcare centers, schools, and more.” He also says the bill will facilitate partnerships between Farm Credit, community banks, and other lenders to provide much-needed capital to build, renovate, and modernize rural community facilities.

“Those kinds of facilities are critical to the viability of rural communities because they play key roles in improving the quality of life for rural families,” Van Hoose adds. “Yet, many communities lack these essential facilities, while many other facilities need modernization.” Minnesota Rep Michelle Fischbach says one way Congress can support rural communities is by eliminating unnecessary barriers to capital investment.

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