CARH’S BROADCAST E-MAIL – Regulatory Update

March 14, 2016

USDA’s Rural Development (RD), which administers the programs of the Rural Housing Service, published the following Notice of Solicitation of Applications (NOSA) today in the Federal Register.

• Notice of Solicitation of Applications for Loan Guarantees Under the Section 538 Guaranteed Rural Rental Housing Program for Fiscal Year 2016
  The Rural Housing Service (RHS), an agency within Rural Development, announces that it is soliciting competitive applications under its Section 538 Guaranteed Rural Rental Housing Program (GRRHP) pursuant to 7 CFR 3565.4 for Fiscal Year (FY) 2016. The Consolidated Appropriations Act, 2016, Public Law 114-113 (December 18, 2015) appropriated $150 million for FY 2016. The commitment of program dollars will be made first to approved and complete applications from prior years’ notices, then to applicants of selected responses in the order they are ranked under this Notice that have fulfilled the necessary requirements for obligation. Successful applications will be selected by the Agency for funding and subsequently awarded to the extent that funding may ultimately be made available to the Agency through appropriations. Eligible responses to this Notice will be accepted until December 31, 2017, 12:00 p.m. Eastern Time. Click here to review the full Notice.

Please contact the CARH national office at carh@carh.org or 703-837-9001 should you have questions or concerns.