Rural Housing Service November 4, 2008 – Federal Register Recent Federal Regulation Documents
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Direct Multi-Family Housing Loans and Grants
The Agency is revising its existing regulation governing Rural Rental Housing loans and grants. This action is necessary to provide editorial corrections to 7 CFR Part 3560, subpart N, ``Housing Preservation.'' The intended effect is to ensure the Agency's field offices have correct guidance on processing prepayment requests.
Income Limit Modification
The Rural Housing Service (RHS) is amending its exiting income limit structure for the Single Family Housing Guaranteed Loan Program (SFHGLP). The effect of this action is to provide more efficient service to lenders, investors and Agency staff by modifying the existing Rural Development eight (8) tiered income structure into a simplified two (2) tiered structure. This modification will simplify program requirements and the qualification process.
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