Monday, August 26, 2013

Rural Area Change Reminder

Update: Changes to the housing eligible areas map based on 2010 Census data scheduled to take effect 1/15/14, have been postponed to 10/1/14 by passage of the Consolidated Appropriations Act, 2014. View "Future Eligible Areas." Complete applications received before October 1, 2014, will continue to use rural area definitions based on 2000 Census data. -1/24/14

An update from USDA Rural Development regarding shrinking eligible boundaries...

2010 Census Data Implementation-Eligible Rural Area Change Reminder (Revised)

This update reminds readers about AN 4711 that was updated on March 28, 2013 and provided guidance on eligible rural areas for RHS housing programs.  On March 26, 2013, the President signed “H.R.933 -- Consolidated and Further Continuing Appropriations Act, 2013” which provided funding through September 30, 2013.  The Bill also extended the eligible rural areas that were in effect as of September 30, 2012 until September 30, 2013 for Rural Housing Service (RHS) housing programs. 

Administrative Notice (AN) 4711 that communicated this policy was issued on March 27, 2013 and was updated on March 28, 2013 (http://www.rurdev.usda.gov/SupportDocuments/an4711.pdf).  This AN is a replacement of AN 4679, “Implementation of 2010 Census Data for Rural Development Programs”, which was issued on September 27, 2012.  Additionally, a stakeholder announcement was released on March 28, 2013 http://www.rurdev.usda.gov/RD-StakeholderAnnouncements.html.

Barring any Congressional actions, implementation of the 2010 Census Data is on schedule for October 1, 2013, which will modify the eligible rural areas for the RHS housing programs.  The future eligibility area maps can be viewed on the USDA Eligibility web site at:  http://eligibility.sc.egov.usda.gov.  (Please note that a few changes of maps in several states will be published in the Future Maps section on September 2nd.  These changes are due to a change in the Metropolitan Statistical Area (MSA) definition).

To apply for this or any other loan program contact me today.