Multi-Family Housing Program Requirements To Reduce Financial Reporting Requirements
rural-development · Rural Housing Service · Rule · Published 2017-10-25 · Effective 2017-11-24 · 82 FR 49282
Document
Document number
2017-23082
Federal Register citation
82 FR 49282
CFR reference
7 CFR 3560
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Rural Housing Service
Publication date
2017-10-25
Effective date
2017-11-24
Abstract
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.