New Proposed Reduction In USDA Eligible Towns In Connecticut Are Being Postponed

By
Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

On Tuesday I blogged about the New Proposed Reduction In USDA Eligible Towns In Connecticut which USDA recently announced due to the 2010 Census.  the New Proposed Reduction In USDA Eligible Towns was expected to go into affect at the beginning of the USDA fiscal year October 1, 2012. 

After posting my blogged Lenn Harley sent me an e-mail saying that she had heard that the changes were not going to go into affect.  So I called our local USDA Office to find out if there had been any updates the New Proposed Reduction In USDA Eligible Towns In Connecticut as to whether they were still going to go into affect on October 1st as expected.  I was told that no updates had been made, and that they were still waiting for the Senate to act on the changes. 

Well late yesterday I received an e-mail with an attachment of RD AN No. 4679 (1949-L and RUS Staff Instructions 1780-2 and 1780-5), that New Proposed Reduction In USDA Eligible Towns In Connecticut Are Being Postponed until March 27, 2013. This news is not as good as new proposed changes not being implement at all, but at least in keeps the 33 towns that were proposed to be eliminated in Connecticut eligible for funding for a few more months.  There is always hope that the proposed changes will be further delayed as March 27, 2013 draws nearer.

The summary below is the summary that USDA wrote at the end of there 4 page announcement:

"Usage of 2010 Census and ACS data when determining population and income eligibility ensures that program funds are utilized in accordance with program statutes.  Complete applications on hand as of March 27, 2013, may be processed using 2000 Census data provided that written determination of eligibility and evidence of all documents necessary to be deemed complete exist, and that the application can be obligated no later than September 30, 2013.  This does not apply to applications on hand where the applicant is eligible as the result of legislative provisions that expire upon receipt of the next decennial census."

The 33 towns that were being proposed to be eliminated in the New Proposed Reduction In USDA Eligible Towns In Connecticut Are Being Postponed are listed in the chart below.

 

 

If you are interested in seeing how the new proposed reduction in USDA eligible towns will impact your state on March 17, 2013 just click on this link

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who is licensed in #CT, #RI, #MA, #NH, & a #FL Licensed Lender who can assist you with all your #FHA, #Conventional, #VA, #USDA, and #State Bonded Progam #mortgage needs in #CT, #RI, #MA, #NH, & #FL. George resides in Middlesex County which includes #Middletown, #Old Saybrook, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or souto@snet.net

Comments (3)

Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

George, it is good news...i've been trying to find our RI new districts and can't find them yet...hope they enhance them!

Sep 28, 2012 05:01 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny they should be listed on the link that I provided at the end of this blog.

Sep 28, 2012 05:20 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

George, you always put out valuable information to assist us in our daily business when it comes to loans!

Sep 29, 2012 12:19 PM