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References and resources
Interest Rates for 502 Direct Loans
The interest rate for August was 4.25 percent and remains the same for September.
2011 SFH Direct Loan Income Limits
Single Family Housing (SFH) Programs are available to assist low- and moderate-income rural Americans with home ownership opportunities. Access program options in your state.>>
Unnumbered Letter (UNL) July 18 Rescission of Previously-Issued Unnumbered Letter. This UNL rescinds a previously-issued UNL entitled, “Use of the Systematic Alien Verification for Entitlements Database for Farm Labor Housing Programs,” dated June 9, 2011, while the agency reviews the issue further. Read more>>
Administrative Notice (AN) 4574 (1944-I) Technical Assistance Grant Calculations and Grant Extension Requests, May 12. This AN provides a correction to Technical Assistance (TA) grant calculation Method B as stipulated in U.S. Department of Agriculture Rural Development AN No. 4552 (1944-I) dated March 3, Attachment 1. The intended outcome is to clarify how a TA grant is calculated and to evaluate the need for grant extensions. Read more>>
Administrative Notice (AN) 4580 (1944-I) Appraisals of Properties Developed Under the Mutual Self-Help Housing Program, June 16. This AN provides guidance for the treatment of improved site cost in the overall valuation of the property to be developed through the Mutual Self-Help Housing program. The intended outcome is to improve consistency for how appraisals and certified cost data are used by loan approval officials/underwriters to accomplish self-help program objectives. Read more>>
Procedure Notice (PN) 451. This PN, published September 1, describes a number of changes to the Handbook 3550. One such change involves discontinuing food stamps in repayment income. Get more information for this and other major revisions>>
USDA Regulations and Guidance. The USDA regulations website has a new address. Please bookmark this address; however, the old site will redirect you to the new site. Access the new site>>
White House Rural Council Delivers Report on Rural America – Jobs and Economic Security for Rural America. A report on jobs and economics in rural areas featuring several U. S.Department of Agriculture (USDA) housing programs is now available. Access report highlights and a full copy of the report>>
Forms
Standard Form (SF) 269A Financial Reporting Form replaced by SF-425
For grant closing, remember to complete the SF-425 form by 90 days after the close of the grant for USDA Rural Development. See an overview that explains the form>>
View federal financial report instructions>>
Go to the form>>
Spotlight on Self-Help Websites
The great National Rural Self-Help Housing Association websites post great activities and reports on successful efforts to obtain support for the program. Access the Mutual Self-Help Housing Hub website>>
NCALL has developed a website for Region III that features activities in the eastern U. S. View the Region III self-help website>>
USDA Rural Development has a website that lists its properties which are for sale. Just click on the state and then the county for which you are searching. Check out the USDA properties for sale>>
Training
Housing Assistance Council (HAC) is offering 502 packaging training November 8-10 in Seattle, Washington. The Section 502 Packaging Certification Training is for nonprofit organizations familiar with the 502 direct loan program and desiring certification as loan packagers. Participants in this track are expected to attend the complete course and to take the online certification exam afterward. Register for the 502 packaging training>>
HAC also is offering a symposium entitled Housing Seniors in Rural America: Aging in Place in a Shifting Landscape from November 9-10. The symposium will feature discussions, resources and examples of successful practices.
Obtain more information>> Or e-mail HAC's Dan Stern at dan@ruralhome.org.
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