Multi-Family Housing Simple Transfer Pilot Program
rural-development · Rural Housing Service · Rule · Published 2022-12-09 · Effective 2022-12-09 · 87 FR 75457
Document
Document number
2022-26726
Federal Register citation
87 FR 75457
CFR reference
7 CFR 3560
Type
Rule
Action
Notification of pilot program.
Category
rural-development
Sub-agency
Rural Housing Service
Publication date
2022-12-09
Effective date
2022-12-09
USDA docket
Docket No. RHS-22-MFH-0020
Abstract
The Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), is announcing the implementation of a pilot program for simple transfers of USDA Section 515 Rural Rental Housing properties. The Agency's intention is to evaluate the existing regulations and remove regulatory barriers to reduce application requirements for certain types of transfers, resulting in lower transaction-related costs for applicants and improved processing times.