🏠USDA Updates Rules for Manufactured Housing Financing Options
Updating Manufactured Housing Provisions
Summary
The Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), is amending the current regulations for the Single Family Housing (SFH) Direct Loan Program and the SFH Guaranteed Loan Program. The intent of this final rule is to allow the Agency to give borrowers increased purchase options within a competitive market and increase adequate housing along with an enhanced customer experience with the SFH programs.
Agencies
- Agriculture Department
- Rural Housing Service
Business Impact
$$ - Med
This regulation updates housing assistance programs, directly influencing financing options for businesses in the real estate and construction sectors by allowing more flexibility in loan eligibility for manufactured homes. It affects compliance and regulatory requirements for businesses involved in rural housing development and could lead to increased market opportunities.