Tag: USDA

Executive Order on Reducing Poverty Could Impact Housing Programs

Filed in Codes and Regulations, Multifamily by on April 13, 2018 0 Comments
Executive Order on Reducing Poverty Could Impact Housing Programs

On April 10, President Trump released an executive order, “Reducing Poverty in America by Promoting Opportunity and Economic Mobility,” that is designed to guide agencies that administer public assistance programs to effectively reform the welfare system.

Continue Reading »

Rural Housing Service Proposes Changes to Eligibility Maps

Filed in Housing Finance, Multifamily by on March 26, 2018 0 Comments
Rural Housing Service Proposes Changes to Eligibility Maps

The USDA Rural Housing Service (RHS) has proposed changes to certain areas eligible to receive financing for RHS housing programs. The changes could affect whether certain communities will still have access to Section 502 loans, which are used primarily to help low-income households buy homes.

Continue Reading »

USDA to Lower Lending Fees

Filed in Housing Finance by on September 6, 2016 1 Comment
USDA to Lower Lending Fees

The U.S. Department of Agriculture (USDA) has announced that lenders who use the USDA’s Rural Housing Service’s Single-Family Housing Guarantee Program will pay lower fees beginning on Oct. 1, the first day of fiscal year 2017.

Continue Reading »

Building Communities Together with USDA Rural Development

Filed in Homeownership, Housing Finance by on June 30, 2016 8 Comments
Building Communities Together with USDA Rural Development

As USDA Rural Housing Service Administrator, I’ve heard time and time again about the lack of good affordable housing stock in rural America.

Continue Reading »

RHS Releases Final Rule for Single Family Loan Program

Filed in Codes and Regulations, Housing Finance by on February 9, 2016 0 Comments
RHS Releases Final Rule for Single Family Loan Program

The USDA Rural Housing Service published a final rule on Feb. 8 implementing changes to its Single Family Housing Guaranteed Loan Program. The final rule is designed to streamline the program in several ways.

Continue Reading »

USDA Investing $3.7 Million to Repair Rural Housing

Filed in Capitol Hill, Construction Industry, Remodelers by on November 17, 2015 0 Comments
USDA Investing $3.7 Million to Repair Rural Housing

Agriculture Secretary Tom Vilsack recently announced that the U.S. Department of Agriculture (USDA) is moving forward with investing $3.7 million to help rural families repair and rehabilitate their homes

Continue Reading »

Senate Moves in Positive Direction for USDA Rental Assistance

Filed in Capitol Hill, Codes and Regulations, Multifamily by on September 23, 2015 0 Comments

In the U.S. Department of Agriculture (USDA) Rental Assistance (RA) section of the draft Senate short-term spending bill, there is language that extends funding for rental assistance contracts until mid-December. When NAHB learned 50 properties would experience a rental assistance shortfall by Sept. 30, the association vigorously advocated for congressional and regulatory action to properly fund these […]

Continue Reading »

USDA to Raise Upfront Fee on No-Downpayment Loans from 2% to 2.75%

Filed in Housing Finance by on July 1, 2015 0 Comments

The U.S. Department of Agriculture’s Rural Housing Service (RHS) is increasing its upfront fee paid by borrowers on a no-downpayment loan from 2% to 2.75% effective Oct. 1. According to an RHS official, the difference in monthly payments is $4.83 for a typical $135,000 loan.

Continue Reading »

New Requirements Announced for Federally Insured Construction

New energy-efficiency requirements go into effect this summer for new homes insured through federal affordable housing programs, and most construction already complies.

Continue Reading »

USDA Revamps Loan Program for Rural Home Buyers

Filed in Capitol Hill by on December 18, 2013 0 Comments

The U.S. Department of Agriculture (USDA) on Dec. 9 announced an interim final rule designed to streamline and improve the Single Family Housing Guaranteed Loan Program, which provides mortgage insurance to moderate-income households residing in rural areas. The rule becomes effective Sept. 1, 2014. Of note to NAHB members, the changes would: —Allow a one-time […]

Continue Reading »

Advertisement