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USDA/RHS RIN: 0575-AC15 Publication ID: Spring 1997 
Title: ●Section 515 Reform Regulations 
Abstract: Changes to Appropriate Rural Development Regulations to implement reforms to the section 515 Rural Rental Housing Program required by section 734 of the Agriculture Appropriation Act of 1996 (PL 104-180) addressing project transfers (7 CFR 1965-B), occupancy surcharge (7 CFR 1930-C, 1951-K, 1965-B), equity loan eligibility (7 CFR 1944-D & E) and Equity Skimming (7 CFR 1930-C). Changes also required by PL 104-180, sec. 734 include providing only necessary assistance to applicants and prioritizing areas of assistance. These reforms will simplify the program, reduce cost of the government subsidies, assure the program reaches most needy communities and penalize those participants in the program who fraudulently remove equity or resources belonging to the housing financed by USDA-RHS. 
Agency: Department of Agriculture(USDA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 1930 subpart C    7 CFR 1944 subpart D    7 CFR 1944 subpart E    7 CFR 1951 subpart K    7 CFR 1965 subpart B    7 CFR 1965 subpart E   
Legal Authority: PL 104-180, sec 734    7 USC 1989    5 USC 301   
Timetable:
Action Date FR Cite
Interim Final Rule  04/00/1997    
Final Action  11/00/1997    
Final Action Effective  12/00/1997    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Included in the Regulatory Plan: No 
Agency Contact:
Linda Armour
Senior Loan Officer, Multi-Family Housing Processing Division
Department of Agriculture
Rural Housing Service
Stop 0781, 1400 Independence Avenue SW,
Washington, DC 20250
Phone:202 720-1753
Fax:202 690-3444
Email: larmour@rdmail.rural.usda.gov