USDA to Host Listening Sessions on Proposal to Improve and Maintain Rural Rental Housing and Keep Tenants in Their Homes

USDA will host listening sessions on July 19 and July 25 to seek feedback on a proposal to make changes to programs that will help improve and maintain rural rental housing and keep tenants in their homes.

For more information, please view the stakeholder announcement below.

U.S. Department of Agriculture (USDA) Rural Development Under Secretary Xochitl Torres Small today announced that USDA will host listening sessions on July 19 and July 25. USDA is seeking feedback on a proposal to make changes to programs that will help improve and maintain rural rental housing and keep tenants in their homes. 

Currently, once an owner of a USDA-financed property pays off a Multifamily Housing Direct Loan or the mortgage is terminated, the property is no longer eligible to receive Multifamily Housing Rental Assistance.

The proposed changes would ensure tenants of USDA-financed properties continue to receive rental assistance after property owners pay off the loan or the loan is terminated. The changes would also encourage property owners to seek third-party financing to make property improvements.

To learn more, read full Stakeholder Announcement.