Regulatory
Changes Related to Insurance Requirements in Multi-Family Housing (MFH) Direct Loan and Grant Programs
Issued by Agriculture Department
What the record says
The Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), will implement changes related to insurance requirements under the Multi-Family Housing (MFH) Direct Loan and Grant programs. This final rule will align RD insurance coverage types, amounts, and deductibles with affordable housing industry standards to simplify the coverage amounts, deductible limits, and improve customer experience with updated and understandable insurance requirements.
This is a factual description of what was issued or decided, not an assessment of it.