Email Preview: |
Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
USDA rural housing is on hold
On May 12, 2010 USDA Rural Development issued an announcement with the purpose of recalling and voiding this earlier guidance that was released on May 11, 2010. This second announcement dated May 12th also stated that additional guidance would be released by USDA Rural Development within the next 24 to 48 hours. As of today, no such guidance or revision has been issued by USDA Rural Development. At this time, we are only able to confirm that all general funds have been exhausted in the USDA Section 502 Guaranteed Rural Housing Program. However, funds designated for 2005 hurricane impacted counties and parishes, and some 2008 disaster-declared counties, are still available. There has been no direction given by USDA Rural Development regarding loans in process that were not obligated by USDA Rural Development prior to the exhaustion of funding, or USDA Rural Development's ability to accept new files. ... more
__________________________________________________ Are you on The Rain? Grow Your Network!
|