Tag: USDA

Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

The Biden administration has announced new loan modification options for borrowers who have government-backed home loans in order to help home owners who are still struggling to make their mortgage payments due to the COVID-19 pandemic.

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Spending Bill Lays Out Funding Levels for Key HUD and USDA Programs

Filed in Advocacy, Housing Finance by on December 22, 2020 0 Comments
Spending Bill Lays Out Funding Levels for Key HUD and USDA Programs

The massive spending bill approved by Congress last night will fund the federal government through Sept. 30, 2021, and includes spending targets for key HUD and USDA programs.

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USDA Announces Loan Forbearance Up to 1 Year

Filed in Economics, Housing Finance by on April 2, 2020 0 Comments
USDA Announces Loan Forbearance Up to 1 Year

In accordance with the newly-enacted stimulus law, the U.S. Department of Agriculture(USDA) announced today that any borrowers experiencing financial hardship caused by the COVID-19 pandemic shall receive immediate forbearance  of their guaranteed loan payment for a period of up to 180 days. In addition, the forbearance period may be extended up to an additional 180 days at the borrower’s request.

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USDA Acts to Help Rural Residents and Businesses Affected by COVID-19

Filed in Disaster Response by on March 25, 2020 0 Comments
USDA Acts to Help Rural Residents and Businesses Affected by COVID-19

USDA Rural Development, a mission area within the U.S. Department of Agriculture, has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak.

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Flood Insurance, HUD, USDA and Labor Programs Extended Through Sept. 30

Filed in Advocacy by on December 19, 2019 0 Comments
Flood Insurance, HUD, USDA and Labor Programs Extended Through Sept. 30

Congress approves spending bills that will keep the National Flood Insurance Program and key HUD and USDA programs funded through Sept. 30, 2020.

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Executive Order on Reducing Poverty Could Impact Housing Programs

Filed in Codes and Standards, 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.

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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.

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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.

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Building Communities Together with USDA Rural Development

Filed in Housing Finance by on June 30, 2016 9 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.

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RHS Releases Final Rule for Single Family Loan Program

Filed in Codes and Standards, 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.

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