USDA-RD Notices and Letters for Rural Multifamily Programs for March 2012

Recently, USDA-RD has published a number of notices and letters regarding updates to rural multifamily housing programs. They are as follows:

• Rural Development Administrative Notice No. 4623 “Procedure for Ordering Dun and Bradstreet Commercial Credit Reports for Single Family Housing and Multi-Family Housing” (March 1, 2012): http://www.rurdev.usda.gov/SupportDocuments/an4623.pdf

Provides guidance on ordering Commercial Credit Reports for Single Family Housing and Multi-Family Housing programs, including guidance in ordering individual consumer credit reports on the owner/principal(s).

• March Unnumbered Letters: http://www.rurdev.usda.gov/SupportDocuments/ulmarch12.pdf

   o Establishing the 2012 Area Loan Limits (March 1, 2012)

      USDA-RD’s updates for the annual area loan limits.

   o Section 515 Rural Rental Housing Designated Place List Fiscal Year 2012 (March 13, 2012)

      A list of designated places from which loan proposals for the Section 515 program will be accepted for FY 2012.

   o Fiscal Year 2012 Site Manager of the Year Recognition Program (March 13, 2012)

Provides the guidelines for RHS’s annual Multi-Family Housing Site Manager of the Year program for FY 2012. Awards may be presented in each of the following three categories: (1) Site Manager of the Year for Housing for the Elderly; (2) Site Manager of the Year for Housing for Families; and (3) Site Manager of the Year for Farm Labor Housing.