WASHINGTON, April 20 -- Rural Housing Service has issued a rule called: Changes Related to Insurance Requirements in Multi-Family Housing (MFH) Direct Loan and Grant Programs.
The rule was published in the Federal Register on April 20 by George Kelly, Administrator, Rural Housing Service.
Summary: The Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), will implement changes related to insurance requirements under the Multi-Family Housing (MFH) Direct Loan and Grant programs. This final rule will align RD insurance coverage types, amounts, and deductibles with affordable housing industry standards to simplify the coverage amounts, deductible limits, and improve ...