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Proposed Rule - Updates to Multifamily Housing Insurance Requirements
Multifamily Housing |
October 25, 2023Proposed Rule - Updates to Multifamily Housing Insurance Requirements
The Rural Housing Service (RHS) Office of Multifamily Housing (MFH) published a proposed rule on Wednesday, October 25, 2023 (Federal Register Vol. 88 No. 205) to update current regulation for MFH insurance coverage and deductible requirements. The MFH insurance coverage and deductible requirements were established in 2004. Updating insurance coverage and deductible requirements will align Rural Development MFH insurance coverages and deductible limits with current affordable housing industry standards. The Agency is seeking comments. Comments on the Proposed Rule may be submitted via the Federal eRulemaking Portal as outlined in the Federal Register Proposed Rule. The comment period for the proposed rule will end on December 26, 2023. To submit or review comments, please visit the Federal eRulemaking Portal. To subscribe to USDA Rural Development updates, visit the GovDelivery subscriber page. For program information...
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