Multi-family Housing Program Requirements to Reduce Financial Reporting Requirements [Federal Register Final Rule]

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Resource Modified: 10/25/2017

Federal Register/Vol. 82, No. 205/Wednesday, October 25, 2017

Department of Agriculture
Rural Housing Service
7 CFR Part 3560
Agency: Rural Housing Service, USDA

Summary: The Rural Housing Service (RHS) is revising its existing regulations regarding financial reporting. This action is necessary to align RHS requirements with those of the United States Department of Housing and Urban Development (HUD) utilizing a risk-based threshold reporting which will reduce the burden on the borrower to produce multiple Financial reports; focus on high-risk properties; and, reduce the financial cost of reporting on properties.

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