# Single Family Housing Guaranteed Housing Payment Supplement Account Demonstration Program
> **Rural Housing Service** · Notification. · Published 2024-07-24 · Effective 2024-07-24 · 89 FR 59823
## Document
- **Document number:** 2024-16149
- **Category:** rural-development
- **Sub-agency:** Rural Housing Service
- **Federal Register citation:** 89 FR 59823
- **CFR reference:** 7 CFR 3555
- **Publication date:** 2024-07-24
- **Effective date:** 2024-07-24
- **USDA docket:** Docket No. RHS-24-SFH-0025
## Abstract

The Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), is issuing this document for a demonstration program that will establish a new loss mitigation retention option, referred to as the Payment Supplement Account (PSA). The Agency's intention of this demonstration program is to assist borrowers who have experienced a documented hardship that led to an involuntary inability to pay their mortgage obligation, require payment reduction to resume making a monthly payment, and currently have a below market interest rate. This document briefly discusses a special servicing option for servicers to utilize to continue assisting struggling borrowers who seek loss mitigation alternatives, regardless of the nature of their hardship.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/07/24/2024-16149/single-family-housing-guaranteed-housing-payment-supplement-account-demonstration-program)
---
*AI Analytics · CC0 1.0*