Washington Report

Advocacy Updates from Washington D.C.

On March 16, 2018, the U.S. Department of Agriculture (USDA) made available the proposed newly ineligible area maps for Rural Development Single Family Housing and Multi-Family Housing programs, including Section 502 rural housing loans. The “Proposed Ineligible Areas” maps show all ineligible non-rural areas, and not only the new non-rural areas.  In some cases, previously ineligible areas will now become eligible rural areas. The new ineligible areas will become effective on June 4, 2018.

For properties in an area that will become ineligible on June 4, 2018, it may be possible to close on properties using Section 502 loans after the date if:

  • A complete loan application is received before June 4, 2018 that meets all other eligibility requirements
  • A loan application was fully completed prior to June 4, 2018
  • Conditional commitments were issued prior to June 4, 2018

USDA Income and Property Eligibility Maps

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

Advertisement