USDA Rural Development issued an unnumbered letter on May 1, 2013, concerning the management of the Rental Assistance Program.
The letter explains that the RA allotment in FY 2012 exceeded $1.1 billion, and the annual appropriation “…is expected to be less than this amount for the foreseeable future.”
Also outlined in the unnumbered letter is the procedure for RA transfers, concerning new construction, rehabilitation, ownership transfers, equity loans and more. As well, RA for Section 514 properties is addressed.
Click here to view the latest unnumbered letter in its entirety.
Posted in: USDA