Special offer

Some Rural Areas Face Loss of Federal Loans

By
Services for Real Estate Pros with William T. Zumwalt CPA, CTC "The Tax Coach for REALTORS"

The number of communities defined as rural for purposes of US Rural Housing Service (RHS) programs is poised to fall at the start of the new federal fiscal year, which is  October 1st, because of changes to the way rural communities are defined. As a result, households in some communities could lose access to the Sec 502 and other housing loan programs. Congress passed two earlier one-year extensions at NAR’s request, and the association is working with members of Congress to extend it once more, but it’s unclear whether an extension can be secured before the end of the fiscal year.

Let’s hope we can all contact our Congressmen for help with this!

Bill Zumwalt
Helping REALTORS with Tax Solutions and Solving Tax Problems for REALTORS
REALTOR Tax Preparation, REALTOR Tax Accountant, Tax Preparation Tulsa, OK
Accountant Tulsa, OK, CPA Tulsa, OK, Tax Prep Tulsa, OK, Tax Savings Tulsa, OK, Tax Accountant Tulsa, OK
The Tax Coach for REALTORS

William T Zumwalt CPA,CTC, PLLC
5416 South Yale Ave
Suite 120
Tulsa, OK 74135
918-583-1040
855-993-3339
Bill@TeamZumwalt.com
www.TeamZumwalt.com

Comments (1)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I wonder how long it will take for the USDA to adjust the maps on their web page.

Sep 23, 2013 11:38 PM