Rural Housing Service Prepares Properties for Annual Budget Cycle

On August 5, in preparation for the 2025 annual proposed budget submission process for affordable housing properties funded through the U.S. Department of Agriculture's (USDA) Rural Housing Service, the agency released materials for stakeholders.

According to the agency's statement, USDA's Rural Development (RD) remains committed to ensuring stakeholders have the necessary resources to maintain the physical and financial health of the properties within the multifamily housing (MFH) portfolio.

In an effort to ensure a streamlined and efficient budget cycle, RD conducted proposed budget training for stakeholders in previous budget cycles and is continuing to promote the training materials. The training covered the Form RD 3560-7, Multifamily Housing Project Budget, line by line and provided insight into the agency's review process.

Additionally, RD stated that they remain ready to provide technical assistance to maintain a successful partnership between the agency and its stakeholders.

A complete and sortable list of property assignments is available by clicking on the link under Multifamily Housing 514 & 515 Property Assignments here.