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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   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/00/2014 
NPRM Comment Period End  11/00/2014 
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:
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