The Rural Housing Service (RHS) recently announced it will hold a series of teleconference and/or web conference meetings regarding the U.S. Department of Agriculture (USDA) Section 538 Guaranteed Rural Rental Housing Program. The objectives of this series of teleconferences are to enhance the effectiveness of the Section 538 program, establish a two-way communications forum to update industry participants and RHS staff, and enhance RHS’ awareness of the market and other forces that impact the Section 538 program. Topics to be discussed could include, but will not be limited to, the following:

  • Updates on USDA’s Section 538 program activities.
  • Perspectives on the current state of debt financing and its impact on the Section 538 program.
  • Enhancing the use of Section 538 financing with the transfer and/or preservation of Section 515 developments.
  • The impact of Low Income Housing Tax Credits program changes on Section 538 financing.

The conferences are scheduled to occur during the months of April, August, and November of 2012.
Any interested participants wishing to register and obtain call-in information may contact Monica Cole, Financial and Loan Analyst, Multifamily Housing Guaranteed Loan Division, Rural Development, U.S. Department of Agriculture, telephone: (202) 720″“1251, fax: (202) 205″“5066, or email: monica.cole@wdc.usda.gov.

Click here to read more about the Section 538 program.