NAHMA USDA Update: Rural Development Announces Section 538 Guarantee Fee Forum (Feb. 18, 2021)

January 29, 2020

Dear NAHMA Members,

Rural Development’s Office of Multifamily Housing recently announced a forum to be held on February 18, 2021, to discuss the upcoming change to the current structure of the USDA’s Section 538 Guaranteed Rural Rental Housing Program’s Initial and Annual Guarantee fees. USDA recently amended 7 CFR 3565 §3565.53 to give themselves the flexibility to make changes to the fees. USDA is seeking input from current Section 538 Guaranteed Rural Rental Housing Program lenders and borrowers and participants are encouraged to provide input on the impact the change to the fee structure will have on the overall program.

Due to the sensitivity of the discussion, participants should email Tammy Daniels[email protected] to register for the forum by 5:00pm (EST) on Friday, February 12, 2021. Upon receipt of your registration request, you will be emailed the link to gain access to the forum. The Microsoft Teams platform will be used to conduct the forum.