Stay Informed on Rural Housing Service Changes: Real-time Insights for Your Sector
Part of: Agriculture Department
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Understanding the Rural Housing and Community Development Service (RHCDS)
The Rural Housing and Community Development Service (RHCDS), established on October 13, 1994, originally operated under the framework of the Consolidated Farm and Rural Development Act and title V of the Housing Act of 1949. This agency was initially tasked with addressing the financial needs of rural residents.
RHCDS played a pivotal role by providing loans to individuals who couldn’t access credit through traditional commercial channels, offering them a fair chance at developing sustainable housing options in rural areas. Additionally, the Service was instrumental in guaranteeing loans made by commercial lenders for modest rural homes, alongside its direct loan offerings to low-income residents.
In 1996, the RHCDS was renamed the Rural Housing Service, continuing its mission under this recognizance.
Why Monitoring Matters: Avoiding Risks and Seizing Opportunities
For compliance officers, housing policy analysts, community development professionals, and rural funding managers, staying informed about changes within the Rural Housing Service is crucial. Key intents include:
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Avoiding Regulatory Penalties: Regulatory changes can affect funding compliance and eligibility. Keeping ahead of alterations ensures that your operations remain within legal bounds.
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Seizing Funding Opportunities: The Rural Housing Service frequently updates its loan and grant opportunities. Knowing when new opportunities arise can support strategic financial planning.
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Staying Ahead of Policy Changes: New guidelines from the Department of Agriculture can impact program qualifications and operational mandates. Instant updates ensure your organization stays targeted and compliant.
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Mitigating Risks from Rule Changes: Policy shifts can introduce risks to ongoing projects and planned developments. Fast access to these updates allows for the necessary adjustments to strategies, reducing potential setbacks.
The Latest Trends and Implications
Currently, there’s a growing trend for increased federal initiatives focused on sustainable rural development. This aligns with governmental priorities on rural economic development and housing sustainability. Policy shifts often involve improved loan terms or additional support for green housing initiatives.
For insurance companies, real estate professionals, and developers invested in rural projects, understanding these federal updates is essential. Such insights can shape better risk management strategies and more precise entering onto projects that could benefit from government backing.
Enhance Your Monitoring with AI-enabled Tools
To meet the demands of this dynamic regulatory environment, FedMonitor offers a comprehensive solution tailored for busy professionals needing up-to-the-minute information.
With FedMonitor, you receive:
- Filtered Alerts: Customized to ensure only the most relevant updates about the Rural Housing Service reach your team.
- Multiple Integration Capabilities: Notifications sent straight to your desktop or mobile devices, Slack channels, Microsoft Teams chats, or Salesforce platforms.
- Quick Understanding Tools: Our service rapidly assesses and highlights the critical components of government documents, delivering concise evaluations so you can act swiftly.
Staying ahead has never been easier. Explore how FedMonitor can keep your firm in sync with federal trends and regulatory changes to maintain a competitive edge.
Contact us for more information or visit our FAQ page to learn more about tailored solutions. Don't let changes catch you off guard—prepare with us today!
Agency Details
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Status:
Rebranded
The Rural Housing and Community Development Service (RHCDS) was renamed to the Rural Housing Service as of January 30, 1996. It operates as a sub-agency of the Agriculture Department, suggesting that the core functions have been retained under a new name.
- Acronym: RHCDS
Related Searches
Latest Documents
Title | Type | Published |
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Rule | Sep 24, 1997 | |
This final rule removes, as unnecessary, regulations pertaining to: the Emergency Livestock and Economic Emergency loan programs; the Agricultural Resource Conservation Demonstration Program (ARCDP); the employment, pay, and functions of Farmers Home...
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Rule | May 10, 1996 |
Correction | Feb 08, 1996 | |
The Rural Housing Service (RHS), formerly Rural Housing and Community Development Service (RHCDS), a successor Agency to the Farmers Home Administration (FmHA), proposes to amend its regulations for processing loan requests for Rural Rental Housing (...
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Proposed Rule | Jan 17, 1996 |
This document amends the regulations to change the name of the Consolidated Farm Service Agency to the Farm Service Agency as a result of the Department of Agriculture reorganization.
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Rule | Jan 16, 1996 |
The Rural Housing and Development Service (RHCDS) announces the availability of housing funds for fiscal year 1996 (FY 1996). This action is taken to comply with 42 U.S.C. 1490p which requires that RHCDS publish in the Federal Register notice of the...
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Notice | Dec 12, 1995 |
The Rural Housing and Community Development Service (RHCDS) is amending the regulations on Single Family Rural Housing Loans. Under the reorganization of the Department of Agriculture, RHCDS is the successor to the former Farmers Home Administration...
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Rule | Oct 27, 1995 |
The issuing agencies amend their guaranteed farm credit programs loan making and servicing regulations to remove the restriction against lenders capitalizing accrued interest when restructuring loans. The intended effect is to reduce barriers which i...
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Rule | Oct 13, 1995 |
The Rural Business and Cooperative Development Service (RBCDS) and Rural Utilities Service (RUS) amend the agencies' policies and procedures governing the administration of programs which authorize technical assistance as an eligible grant purpose. T...
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Rule | Oct 11, 1995 |
The Consolidated Farm Service Agency (CFSA) is amending its regulations to implement the ``Disaster Set-Aside (DSA) Program.'' This rule makes the Disaster Set-Aside Program a permanent servicing option available to all CFSA Farm Credit Programs borr...
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Rule | Sep 08, 1995 |
The regulations that are utilized by the Rural Utilities Service (RUS) and the Rural Housing and Community Development Service (RHCDS) in administering Community Facility Loans and Grants are being amended. This action is necessary to implement provi...
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Rule | Sep 06, 1995 |
The Rural Housing and Community Development Service (RHCDS), Rural Business and Cooperative Development Service (RBCDS), Rural Utilities Service (RUS) and Consolidated Farm Service Agency (CFSA) propose to amend their regulations regarding constructi...
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Proposed Rule | Aug 25, 1995 |
The issuing agencies amend their property management regulations to remove solely internal procedures and to make several nomenclature changes.
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Rule | Jul 03, 1995 |
The Consolidated Farm Service Agency (CFSA) is the successor to the Farmers Home Administration pursuant to Section 226 of the Department of Agriculture Reorganization Act of 1994 (Pub. L. 103-354, October 13, 1994). The CFSA amends its Property Mana...
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Rule | May 31, 1995 |
The Rural Housing and Community Development Service (RHCDS) announces a pilot test of software to provide an automated interface between RHCDS and borrowers with Multiple Family Housing (MFH) projects to exchange MFH tenant information. The objective...
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Notice | May 30, 1995 |
The Rural Housing and Community Development Service (RHCDS) amends its Guaranteed Rural Housing Loans regulation. This action is taken to address issues which arose during the implementation phase of the program. The intended effect of this action is...
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Rule | May 22, 1995 |
The Rural Housing and Community Development Service (RHCDS) proposes to revise its regulations for Single Family Rural Housing (``RH'') Loans. Under the reorganization of the Department of Agriculture, RHCDS is the successor to the former Farmers Hom...
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Proposed Rule | May 12, 1995 |
This Notice of Funding Availability (NOFA) announces the funding of designated geographic area competitions for HUD dollars and a national competition for dollars allocated to the Rural Housing and Community Development Service (RHCDS), which are ava...
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Notice | May 10, 1995 |
The Rural Housing and Community Development Service (RHCDS) is amending the regulation on Planning and Performing Site Development Work. RHCDS will no longer review or approve subdivisions, but will review and approve individual sites for its program...
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Rule | May 09, 1995 |
The Rural Housing and Community Development Service (RHCDS), a successor Agency to the Farmers Home Administration (FmHA), proposes to amend its Housing Preservation Grant regulations. The intended effect is to allow replacement housing where the gra...
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Proposed Rule | Apr 17, 1995 |
No sub-agencies found.