Rural Multifamily Housing Direct Loans

Current understanding

USDA’s Rural Housing Service administers the Direct Multifamily Housing loan program, which finances affordable rental housing in rural areas. A proposed rule would amend the regulations to allow subsequent loans to finance property acquisition in preservation transactions, aiming to reduce administrative burden for preserving existing affordable rural rental housing stock. Effects on tenants (consumers), property owners, and rural rental supply depend on final rule and uptake.

Evidence log

Open questions

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