Insurance Requirements Updated for MFH Direct Loan and Grant Programs
The Rural Housing Service (RHS) has finalized amendments to insurance requirements for Multi-Family Housing direct loan and grant programs under 7 CFR Part 3560. The rule aligns RD insurance coverage types, amounts, and deductibles with affordable housing industry standards. Affected programs include Section 515 Rural Rental Housing loans, Section 514/516 Farm Labor Housing loans and grants, and Section 521 Rental Assistance. This final rule supersedes the proposed rule published October 25, 2023 (88 FR 73245).
Removal of Regulations for the Shelter Plus Care and the Supportive Housing Programs
HUD removes obsolete Shelter Plus Care and Supportive Housing Program regulations (24 CFR parts 582 and 583) from the Code of Federal Regulations. These programs were statutorily consolidated into the Continuum of Care Program under the HEARTH Act of 2009, and no new funds have been available under the removed regulations. The rule also makes a conforming amendment to 24 CFR 578.33(d)(1) to remove cross-references to the deleted parts.