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

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2017/10/25/2017-23082/multi-family-housing-program-requirements-to-reduce-financial-reporting-requirements)
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