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USDA/RHS RIN: 0575-AC72 Publication ID: Fall 2009 
Title: Guaranteed Rural Rental Housing Program--Refinancing of GRRHP Properties 
Abstract: The Agency intends to add sections to regulation 7 CFR 3565 to provide underwriting guidelines for the refinancing of section 538 Guaranteed Rural Rental Housing Program (GRRHP) properties. As some properties are already 10 years in operations, the Agency envisions the need to refinance GRRHP properties in the near future in order to preserve lower rents for tenants or increase the viability of GRRHP properties encountering cash flow problems due to expensive debt service. The objective of additional sections to the regulation is to provide the framework for refinancing GRRHP properties since current regulatory structure currently exists. The new sections will provide processing instructions and eligibility requirements for GRRHP properties. 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 3565 
Legal Authority: 5 USC 301; 7 USC 1989; 42 USC 1480 
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/00/2010   
NPRM Comment Period End  04/00/2010   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Tammy Daniels
Senior Loan Specialist
Department of Agriculture
Rural Housing Service
STOP 0781, 1400 Independence Avenue SW,
Washington, DC 20250
Phone:202 720-0021
Email: tammy.daniels@wdc.usda.gov

 
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