rural-development · Rural Housing Service · Rule · Published 2013-05-07 · Effective 2013-07-08 · 78 FR 26485
Document
Document number
2013-10783
Federal Register citation
78 FR 26485
CFR reference
7 CFR 3575
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Rural Housing Service
Publication date
2013-05-07
Effective date
2013-07-08
Abstract
The Rural Housing Service (RHS) is amending the regulations utilized to service the Community Facilities Guaranteed Loan Program in two separate sections, in order to clarify the types of projects that are eligible for a Community Facilities Guaranteed Loan. The intended effect of this action is to strengthen the Community Facilities Guaranteed Loan Program by limiting the risk to the guaranteed loan portfolio. RHS will prohibit the financing of facilities in which the operation of such facilities have not been supported by the community and have resulted in significant default and loan losses to the agency.