Research requirements

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Showing 21–40 of 49 results · 3 match every term, 46 related

• federalUnited StatesRD 538Related — matches some terms
  Where Section 538 sits on a tax credit deal, the borrower must satisfy every programme, and the Agency will generally defer to the most stringentRequirement excerpt: A Section 538 guaranteed property may carry supplemental financing or housing subsidies with their own occupancy or management requirements, and some of those programmes -- low income housing tax credits among them -- impose more…Read conditions and sources →
• federalUnited StatesRD 514/516Related — matches some terms
  Rental Assistance reaches off-farm labor housing only; on-farm labor housing is excludedRequirement excerpt: A housing project financed with an Agency OFF-farm labor housing loan or grant is eligible for Agency Rental Assistance, and to be eligible for operating assistance rents a tenant must meet the Rental Assistance eligibility requirements at…Read conditions and sources →
• federalUnited StatesRD RARelated — matches some termsReview limitations
  The Agency may move Rental Assistance to another eligible project for a tenant displaced by prepayment, liquidation or a natural disaster, and the tenant must begin using it within four monthsRequirement excerpt: Rental Assistance is normally obligated to a project, but it can follow a person. The Agency may transfer Rental Assistance from one housing project to another ELIGIBLE housing project for a tenant who is moving DUE TO DISPLACEMENT as a…Read conditions and sources →
• federalUnited StatesRD 515Related — matches some terms
  Occupancy may be terminated only for material non-compliance or good cause, after written notice and a chance to cureRequirement excerpt: A Section 515 borrower may terminate or refuse to renew a tenant's lease only for material non-compliance with the lease, material non-compliance with the occupancy rules, or other good cause. Before terminating, the borrower must give the…Read conditions and sources →
• federalUnited StatesRD RARelated — matches some terms
  A Rental Assistance request denied for borrower ineligibility gets a written explanation, and a borrower who wins an appeal or funding review receives assistance from the month after the decisionRequirement excerpt: The two denial routes carry different consequences. Where a Rental Assistance request is denied because the loan APPLICANT OR BORROWER is ineligible, the Agency must send written notification of the decision WITH AN EXPLANATION OF THE…Read conditions and sources →
• federalUnited StatesRD RARelated — matches some terms
  The Rental Assistance payment is basic rent plus the utility allowance, less the net tenant contributionRequirement excerpt: A borrower's request for a Rental Assistance payment must be based on the difference between the basic rent PLUS the utility allowance for the unit and the net tenant contribution of the tenant. Rental subsidies exist to close exactly that…Read conditions and sources →
• federalUnited StatesRD 515Related — matches some terms
  Tenant certifications must reach Rural Development within 10 days of their effective dateRequirement excerpt: The borrower must submit each initial or updated Form RD 3560-8 tenant certification to Rural Development within 10 days of its effective date, and the effective date of an initial or updated certification is always the first day of a…Read conditions and sources →
• federalUnited StatesRD RARelated — matches some terms
  A borrower using non-Agency rental subsidy must execute an agreement with the provider, file a copy with the Agency, and tell tenants the amount and source through the leaseRequirement excerpt: Where a project uses rental subsidy from a source other than the Agency, the arrangement has to be papered and filed. The borrower and the provider MUST EXECUTE A RENTAL SUBSIDY AGREEMENT and submit a copy to the Agency, and the agreement…Read conditions and sources →
• federalUnited StatesRD 514/516Related — matches some termsReview limitations
  A section 514 loan closed under the current regulation carries a 20-year restrictive-use covenant in the mortgage and deed of trust that a tenant may enforceRequirement excerpt: Every Agency loan closing requires the borrower to execute a restrictive-use contract acceptable to the Agency establishing the obligation to operate the housing for programme purposes FOR THE TERM OF THE LOAN. For section 514 loans made…Read conditions and sources →
• federalUnited StatesRD 515Related — matches some terms
  A tenant who becomes ineligible must vacate within 30 days and pays note rent until thenRequirement excerpt: A Section 515 tenant must continue to meet the eligibility requirements of 7 CFR 3560.152 to remain in occupancy. A tenant who is no longer eligible must vacate within 30 days of being notified by the borrower, or at the expiration of the…Read conditions and sources →
• federalUnited StatesRD 514/516Related — matches some terms
  An eligible off-farm labor housing household must contain an active, retired or disabled domestic farm laborer as tenant or co-tenantRequirement excerpt: Occupational status is a separate gate from the income test, and it is the first one. To be eligible for occupancy in off-farm labor housing a household must INCLUDE a domestic tenant or co-tenant farm laborer, a retired domestic farm…Read conditions and sources →
• federalUnited StatesRD 514/516Related — matches some termsReview limitations
  An on-farm labor housing borrower must hold a lease or employment contract with each tenant that makes employment with the borrower a condition of continued occupancyRequirement excerpt: On-farm labor housing inverts the ordinary rule. Its borrower MUST maintain a lease or employment contract with each tenant specifying employment with the borrower as a condition for continued occupancy, and must submit a management plan…Read conditions and sources →
• federalUnited StatesRD 514/516Related — matches some termsReview limitations
  Farm labor eligibility turns on a substantial portion of income test: 65 percent of the regional limit, or 110 whole days workedRequirement excerpt: For occupancy of off-farm labor housing the tenant or co-tenant must receive a SUBSTANTIAL PORTION of income from farm labor employment, and 7 CFR 3560.576(b)(2) fixes what substantial means. For housing rented to farm laborers and owned by…Read conditions and sources →
• federalUnited StatesRD 515Related — matches some terms
  Note rent, basic rent and any HUD contract or LIHTC rents must be established and approved by Rural DevelopmentRequirement excerpt: The borrower must establish, as applicable, note rent, basic rent, HUD contract rents and low-income housing tax credit rents for each rental unit, based on the operating, management and maintenance expenses and other costs of the housing…Read conditions and sources →
• federalUnited StatesRD 514/516Related — matches some termsReview limitations
  On-farm labor housing is limited to the borrower's own employees, and the borrower's immediate relatives are ineligibleRequirement excerpt: Occupancy of ON-FARM labor housing is restricted to employees of the borrower unless the Agency approves otherwise, and occupants must meet the definition of a domestic farm laborer at 7 CFR 3560.11. The immediate relatives of the borrower…Read conditions and sources →
• federalUnited StatesRD RARelated — matches some terms
  Only three classes of project may receive Rental Assistance, and on-farm labor housing is not one of themRequirement excerpt: Rural Development Rental Assistance may be obligated only to a housing project that operates under an Interest Credit Plan II RA agreement, a project financed with an Agency OFF-farm labor housing loan or grant, or a project financed with a…Read conditions and sources →
• federalUnited StatesRD 515Related — matches some terms
  Place every application on the waiting list and send the required written notice within 10 daysRequirement excerpt: The borrower must place every submitted application on the waiting list, including incomplete and ineligible applications, and record its final disposition. Record the date and time a complete application was submitted; that establishes…Read conditions and sources →
• federalUnited StatesRD RARelated — matches some terms
  Reaching the low-income priorities requires documenting an empty very-low-income list or a 5 or 25 percent occupancy ceilingRequirement excerpt: Before assigning Rental Assistance to the third, fourth or fifth priority categories - that is, to anyone other than a very low-income tenant or applicant - the borrower must FULLY DOCUMENT either that there are no very low-income…Read conditions and sources →
• federalUnited StatesRD 515Related — matches some terms
  Rent collected above basic rent, up to note rent, is overage and must be remitted to Rural DevelopmentRequirement excerpt: Where a tenant's contribution exceeds basic rent, the borrower must remit to Rural Development the rent collected in excess of basic rent and up to note rent. That excess is overage: it is not project income, it is not available to the…Read conditions and sources →
• federalUnited StatesRD 515Related — matches some terms
  Rents may not exceed the rents approved by Rural Development in the operating budgetRequirement excerpt: The borrower may charge only the rents approved by Rural Development for each unit class in the current approved budget, and may not increase rents without RD approval.Read conditions and sources →