Rural Housing Service February 7, 2019 – Federal Register Recent Federal Regulation Documents

Guaranteed Rural Rental Housing Low Loan-to-Cost Ratio
Document Number: 2019-01350
Type: Notice
Date: 2019-02-07
Agency: Department of Agriculture, Rural Housing Service
The Rural Housing Service announces the low loan-to-cost ratio required for loans guaranteed under Option Three (Continuous Guarantee) of the Guaranteed Rural Rental Housing Program (GRRHP). The low loan- to-cost ratio is defined as a maximum of 70 percent in order for a loan to be eligible for a single continuous guarantee for construction and permanent loans. The Rural Housing Service is not modifying the lease- up reserves or percent of guarantee previously established for this program.