Rural Housing Service October 2017 – Federal Register Recent Federal Regulation Documents

Multi-Family Housing Program Requirements To Reduce Financial Reporting Requirements
Document Number: 2017-23082
Type: Rule
Date: 2017-10-25
Agency: Department of Agriculture, Rural Housing Service
The Rural Housing Service (RHS) is revising its existing regulations regarding financial reporting. This action is necessary to align RHS requirements with those of the United States Department of Housing and Urban Development (HUD) utilizing a risk-based threshold reporting which will reduce the burden on the borrower to produce multiple financial reports; focus on high-risk properties; and, reduce the financial cost of reporting on properties.