Rural Development (RD) released Version 8.3.1 of the Preliminary Assessment Tool (PAT). RD underwriters use the PAT to document Multifamily Housing (MFH) transfer and Multifamily Preservation and Revitalization (MPR) credit-extending or loan modification decisions for assets assisted with the 515 Direct Loan Program and the 514 Off-Farm Labor Housing Program. While this version retains the same enhancements and functionality of Version 8.3, it includes updates that align the PAT with the agency-approved 2024 Management Fees. A summary of updates may be found on the “About This Template” sheet within the template.
The newest version can be found on our website under the “To Apply” tab: Multifamily Housing Direct Loans | Rural Development (usda.gov).
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