Rural Housing Service April 14, 2010 – Federal Register Recent Federal Regulation Documents

This notice informs the public that the U.S. Department of Agriculture (USDA) in Fiscal Year 2006 established a demonstration Rural Development Voucher Program, as authorized under Section 542 of the Housing Act of 1949 as amended, (without regard to Section 542(b)). This notice informs the public that funding is now available for the Rural Development Voucher Program. The notice also sets forth the general policies and procedures for use of these vouchers for fiscal Year 2010. Pursuant to the requirements in the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2010, Public Law 111-80 (October 16, 2009), Rural Development Vouchers are only available to low income tenants of Rural Development-financed multifamily properties where the section 515 loan has been prepaid, either through prepayment or a foreclosure action, prior to the loan's maturity date and after September 30, 2005.