USDA issued an unnumbered letter on May 8, 2013, entitled, "Multi-Family Housing Programs - Guidance for Rural Development appraisers completing rent comparibility studies for the Rural Development voucher program."
The unnumbered letter explains the process of how appraisals of a multi-family housing property determine how Rural Development vouchers are issued. If the current appraisal is older than 12 months, the letter instructs that an appraiser should conduct a rent comparibility study.
Click here to view the unnumbered letter in its entirety.
Posted in: USDA