Research requirements
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Showing 1–20 of 80 results
- federalUnited StatesRD RAReview limitationsA borrower may not request Rental Assistance for a rental unit the Agency determines is not habitable under 7 CFR 3560.103Requirement excerpt: Rental Assistance attaches to units, and an uninhabitable unit is not an eligible one. Borrowers MAY NOT REQUEST Rental Assistance for rental units the Agency determines are not habitable in accordance with 7 CFR 3560.103. That section is…Read conditions and sources →
- federalUnited StatesRD RAA 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 514/516A farm labor tenant becomes ineligible the moment any occupancy condition fails, and is handled under 3560.158Requirement excerpt: A tenant of off-farm labor housing who at any time fails to meet ALL of the requirements of 7 CFR 3560.576(b) - the occupational requirement, the income requirement including the substantial portion of income test, and continuing compliance…Read conditions and sources →
- federalUnited StatesRD 538A regulatory agreement carrying the Agency's covenants must be executed at closing and binds for the duration of the guaranteed loanRequirement excerpt: As a condition of the guarantee the lender must obtain the borrower's certification that the project complies with local, state and federal laws and programme requirements, and a regulatory agreement between the borrower and lender must be…Read conditions and sources →
- federalUnited StatesRD RAA 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 514/516Review limitationsA 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 514/516Review limitationsA section 514 or 516 project serving migrant farmworkers may take operating assistance instead of tenant-specific Rental Assistance, capped at 90 percent of the migrant units' operating costsRequirement excerpt: Operating assistance is the farm labor programme's alternative to unit-by-unit Rental Assistance, and it exists only here. An off-farm labor housing project financed under section 514 or section 516(i) that serves MIGRANT farmworkers may…Read conditions and sources →
- federalUnited StatesRD 514/516Review limitationsA section 516 grant agreement remains in effect for as long as the Agency determines there is a need for the housing, and servicing binds for the term of the loan or the grant, whichever is longerRequirement excerpt: The grant side of farm labor housing is not term-limited the way a loan is. The grant agreement REMAINS IN EFFECT FOR AS LONG AS THERE IS A NEED FOR THE HOUSING, AS DETERMINED BY THE AGENCY - an open-ended obligation whose end is an Agency…Read conditions and sources →
- federalUnited StatesRD 538Review limitationsA Section 538 tenant must be a United States citizen or a qualified alienRequirement excerpt: A tenant of a housing unit subject to a Section 538 loan guarantee must be a United States citizen or a noncitizen who is a qualified alien as defined in 7 CFR 3565.3. Unlike the parallel citizenship conditions in the direct programmes at 7…Read conditions and sources →
- federalUnited StatesRD RAA tenant already holding a non-Agency subsidy may receive Rental Assistance only if it is not a HUD voucherRequirement excerpt: Multiple types of rent subsidy may be used in the same housing project. A tenant already receiving a subsidy from a source other than the Agency may also be eligible for Agency Rental Assistance, but only if all three conditions hold: the…Read conditions and sources →
- federalUnited StatesRD 515A 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 514/516An 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 538An initial tenant income certification is required; Section 538 requires no annual recertificationRequirement excerpt: An initial tenant certification containing the income types and sources the Agency requires must be completed for each Section 538 household. Annual recertification of tenant income is not required under the guaranteed programme. Any…Read conditions and sources →
- federalUnited StatesRD 514/516Review limitationsAn 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 515Annual financial reports and budgets must be submitted to Rural DevelopmentRequirement excerpt: The borrower must submit an annual financial report and a proposed operating budget in the form and by the deadline RD prescribes, together with any required audit.Read conditions and sources →
- federalUnited StatesRD 515Review limitationsAnnual income, adjusted income and net family assets are computed under HUD's Part 5 rulesRequirement excerpt: For a Section 515 household the borrower must compute annual income in accordance with 24 CFR 5.609(a) and (b), adjusted income in accordance with 24 CFR 5.611, and net family assets in accordance with 24 CFR 5.603(b). Rural Development…Read conditions and sources →
- federalUnited StatesRD 515Apply Section 515 income priorities and admission preferences before relying on application orderRequirement excerpt: Select from complete applications using the priority order of very low-income, low-income, then moderate-income applicants, subject to the admission priorities in 7 CFR 3560.154(g). An eligible applicant needing an accessible unit’s special…Read conditions and sources →
- federalUnited StatesRD RABefore paying Rental Assistance the Agency deducts any unpaid loan payments, late fees and other amounts the borrower owes itRequirement excerpt: The Rental Assistance payment a borrower actually receives is not necessarily the amount the request supports. PRIOR TO MAKING RA PAYMENTS TO A BORROWER, THE AGENCY WILL DEDUCT FROM THE APPROVED RA PAYMENT AMOUNT ANY UNPAID LOAN PAYMENTS,…Read conditions and sources →
- federalUnited StatesRD 514/516Both labor housing subparts pull in subparts A through K, so the Section 515 tenant certification and recertification cycle governs farm labor housing unchangedRequirement excerpt: 7 CFR 3560.551 and 7 CFR 3560.601 each provide that, unless the labor housing subpart says otherwise, the requirements of subparts A through K, N, O and P apply IN ADDITION to that subpart. Neither subpart L nor subpart M says otherwise…Read conditions and sources →
- federalUnited StatesRD 515Failure to recertify charges note rent to the tenant, or full overage to the borrowerRequirement excerpt: Where the borrower can document that a tenant received a recertification notice and the tenant fails to comply or to cooperate with verification by the recertification date, the borrower must within 10 days give the tenant and the Agency…Read conditions and sources →