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USDA/RHS

RIN: 0575-AB99

Publication ID: Spring 2003

Title: Direct Section 502 and 504 Single-Family Housing Program
Abstract: The Rural Housing Service reopened the comment period on four sections of this regulation seeking potential changes to the definition of modest housing and calculation of payment subsidies. The Agency has reviewed the comments and will be publishing minor corrections and clarifications in the existing regulation. In addition, the Agency will provide an updated definition of modest housing moving away from reliance on the section 203(b) mortgage limits set by the Department of Housing and Urban Development. The Agency will use more localized data and provide clearer guidance to ensure compliance with our mission to finance housing that is decent, safe, sanitary, and modest. No changes in the payment subsidy are anticipated.
Agency: Department of Agriculture(USDA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: Yes	Unfunded Mandates: No
CFR Citation: 7 CFR 1806 7 CFR 1900 7 CFR 1944 7 CFR 1951 7 CFR 1955 7 CFR 1956 7 CFR 1965 7 CFR 3550
Legal Authority: 5 USC 301 7 USC 1989 42 USC 1480 31 USC 3700

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	04/08/1996	61 FR 15395
NPRM Comment Period End	06/07/1996
Interim Final Rule	11/22/1996	61 FR 59762
Interim Final Rule Comment Period End	12/26/1996
Interim Final Rule Effective	12/26/1996
Final Action	12/24/2002	67 FR 78321

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
Agency Contact: Michael S Feinberg Branch Chief, Loan Origination Branch Department of Agriculture Rural Housing Service Stop 0783, STOP 0783, 1400 Independence Avenue SW, Washington, DC 20250-0783 Phone:202 720-1474 Fax:202 720-2232 Email: michael.feinberg@wdc.usda.gov