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USDA/RHS | RIN: 0575-AD14 | Publication ID: Spring 2019 |
Title: Updating and Improving Direct Single Family Housing (SFH) Programs | |
Abstract:
7 CFR 3550 sets the requirements of the direct Single Family Housing (SFH) programs. Since the reengineering and reinvention of the direct SFH program in 2003, revisions to make improvements have been limited. Through this action, the Rural Housing Service is proposing to reduce regulatory burdens in 7 CFR 3550, enhance program delivery, and customer service, promote consistence with the guaranteed SFH loan program where feasible, and reflect current housing market conditions and mortgage loan practices. The expected results are increased accessibility to the programs; streamlined and clear funds and application management; improved borrower and property eligibility standards; enhanced underwriting practices and loan risk management; and more efficient and successful loan servicing and real estate-owned property management. |
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Agency: Department of Agriculture(USDA) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Fully or Partially Exempt | |
CFR Citation: 7 CFR 3550 | |
Legal Authority: 5 U.S.C. 301 42 U.S.C. 1480 |
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 | |
Agency Contact: Barry Ramsey Director, SFH, Direct Loan Division Department of Agriculture Rural Housing Service 1400 Independence Avenue SW, Room 2202, Washington, DC 20250 Phone:202 720-5378 Email: barry.ramsey@wdc.usda.gov |