USDA RD clarifies allowable expenses in Multi-Family Housing Properties

USDA RD released an Unnumbered Letter (UL) on April 28, 2017, to clarify allowable expenses to be charged against project income in RD-financed Section 515 and Section 514 multi-family properties. This UL serves as a reminder to Servicing Officials to ensure the appropriate use of project funds.

Click here to view the April 28, 2017, RD Unnumbered Letter.

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