WASHINGTON, June 30 -- Rural Housing Service has issued a proposed rule called: Multifamily Housing Guaranteed Rural Rental Housing Program Requirement To Submit a Market Study.
The proposed rule was published in the Federal Register on June 30 by Christine Mechtly, Acting Administrator, Rural Housing Service.
Summary: The Rural Housing Service (RHS or Agency), an agency of the Rural Development (RD), within the United States Department of Agriculture (USDA), is issuing a proposed rule to amend its regulation that will require applicants (lenders) to submit a market study as part of the complete application for the Guaranteed Rural Rental Housing Program (GRRHP) loan guarantee. This change will require all applicants to use a market study...