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| USDA/RHS | RIN: 0575-AC98 | Publication ID: Spring 2014 |
| Title: ●Multi-Family Housing (MFH) Consolidate | |
| Abstract: The Rural Housing Service (RHS) published a proposed rule June 2, 2003 (68 FR 32872), to streamline and consolidate 14 regulations into 7 CFR 3560, which sets forth requirements, policies, and procedures for originating, processing, and servicing Rural Development's Multi-Family Housing (MFH) direct loans and grants. The programs covered by this part are Authorized by title V of the Housing Act of 1949. An interim rule was published November 26, 2004 (69 FR 69032-69176) to implement those changes, with an effective date of February 24, 2005. This proposed rule is to amend the interim rule 7 CFR 3560 regulations to change program requirements at the property level that will reduce operating costs for the project owner and thereby reduce financial reporting requirements, address operational issues regarding rent increases, surplus cash, and allow for a performance assessment of management agents against which the management fee will be calculated, and provide for establishment of a priority order for renewal of Rental Assistance contracts. The change will also make technical corrections to clarify reference and formatting issues in the regulation. | |
| Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
| RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: Undetermined | Unfunded Mandates: Undetermined |
| CFR Citation: 7 CFR 3560-A 7 CFR 3560-C 7 CFR 3560-D 7 CFR 3560-E 7 CFR 3560-F 7 CFR 3560-G 7 CFR 3560-M 7 CFR 3560-O (To search for a specific CFR, visit the Code of Federal Regulations.) | |
| Legal Authority: PL 108-447, sec 543 42 USC 1485 42 USC 1486 42 USC 1490a 42 USC 1490j | |
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Legal Deadline:
None |
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Timetable:
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| 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 | |
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Agency Contact: Diane Larson Finance and Loan Analyst Department of Agriculture Rural Housing Service 511 W 7th Street, Atlantic, IA 50022 Phone:712 243-2107 Fax:712 243-1565 Email: diane.larson@wdc.usda.gov |
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