Search Results for keywords:"Rural Housing Service"

The Rural Housing Service (RHS), part of the U.S. Department of Agriculture, issued a rule to modify regulations on Special Servicing Options and the Mortgage Recovery Advance process. This final rule, initially set to take effect on February 11, 2025, has been postponed to April 14, 2025. A correction regarding this effective date was published in the Federal Register to reflect these changes. Christine Mechtly, the Acting Administrator of the Rural Housing Service, announced the update.

The Rural Housing Service (RHS) of the USDA issued a correction to a rule published on January 3, 2025, related to amendments in the Single Family Housing Direct Loan and Guaranteed Loan Programs. Originally set to become effective on March 4, 2025, the rule's effective date has been delayed to May 5, 2025. This correction was published in the Federal Register and involves updates to improve and clarify the existing housing loan programs.

The Department of Agriculture has submitted an information collection request to the Office of Management and Budget (OMB) for review under the Paperwork Reduction Act. They are seeking public comments on whether this data collection is necessary, the accuracy of the time estimates, and how to reduce the burden of data collection. The Rural Housing Service is using this collection to manage and evaluate the Guaranteed Rural Rental Housing Program (GRRHP), which aims to increase affordable rural rental housing by partnering with lenders and public agencies. Interested parties have until March 15, 2021, to submit comments.

The Rural Housing Service of the USDA issued a final rule to update regulations for Multi-Family Housing and Community Facilities, aligning them with new federal financial assistance guidelines from the Office of Management and Budget. Significant changes include raising the audit threshold to $1 million for certain federal financial assistance recipients and revising financial language to ensure compliance with OMB updates. Additionally, the rule clarifies exceptions and updates language in specific sections related to applications and financial reporting requirements. These changes are effective from December 6, 2024.

The Rural Housing Service (RHS), part of the U.S. Department of Agriculture, proposes changes to the Single-Family Housing Self-Help Technical Assistance Grant Program to improve flexibility, reduce regulatory burdens, and better serve rural communities by providing more decent, safe, and sanitary housing options. The proposed rule includes updates to outdated references, revises program objectives, and suggests changes to processes like grant application and approval, aiming to streamline various aspects for applicants and grant recipients. The RHS seeks public comments on these changes to ensure they align with the program’s mission and do not impose unnecessary burdens.

The Rural Housing Service, part of the US Department of Agriculture (USDA), announced that it is accepting applications for the 2021 Community Facilities Technical Assistance and Training (TAT) Grant Program. This program aims to help organizations in rural areas access funding for essential community services. Applications must be submitted by March 29, 2021, for paper copies, and by March 22, 2021, for electronic submissions. The grants will focus on projects that strengthen rural communities, particularly those tackling issues like opioid misuse, under the USDA's efforts to boost rural economic prosperity and quality of life.

The Rural Housing Service (RHS), a part of the United States Department of Agriculture, is inviting applications for Section 514 Off-Farm Labor Housing loans and Section 516 Off-Farm Labor Housing grants. These funds are aimed at building new housing for domestic farm laborers, including retired or disabled ones, to boost affordable housing availability. The process involves a pre-application and final application phase, and RHS encourages applications that offer benefits to rural communities, especially those in Opportunity Zones or persistent poverty areas. Applicants must meet specific eligibility criteria and the deadline for submissions is outlined in the notice.

The Rural Housing Service (RHS), a branch of the USDA, has extended its pilot program for simplifying transfers of certain rural rental housing properties. This program, which now includes Section 514 properties, aims to reduce application requirements, lower costs, and improve processing times for ownership changes. There are three transfer options focusing on expedited ownership change, rehabilitation, and future rehabilitation plans, each tailored to different property conditions and needs. The program will run until December 9, 2025, and any changes or termination will be publicly announced by the RHS.

The Rural Housing Service (RHS), a part of the U.S. Department of Agriculture, had planned a new rule regarding how credit reports are obtained for their Multifamily Housing Programs. This rule was initially set to go into effect on January 30, 2025, but the effective date has now been delayed until March 31, 2025. The delay is due to a presidential memorandum that called for a review of new regulations. This action allows department officials more time to review the changes without the need for public comments, as the delay is intended to ensure orderly implementation of the rule.