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NAHMA USDA Update: USDA Rural Development Office Issues Section 538 Forbearance Guidance April 17, 2020

An update from USDA Rural Development's Office of Multi-Family Housing. This update includes Section 538 Forbearance Guidance.

Below, please find an update from USDA Rural Development's Office of Multi-Family Housing. This update includes Section 538 Forbearance Guidance, including:
 
  1. Measures to Keep Section 538 Mortgages Current
  2. Guidelines for Forbearance of Standalone Section 538 Loans
  3. Guidelines for Forbearance of Section 538 Loans with Subordinate Section 515 Loan(s)
 
The Section 538 Forbearance Guidance can be found HERE. These resources, and may others, are also posted to the NAHMA Coronavirus Resources webpage at https://www.nahma.org/coronavirus-information-and-resources/

Michal Machnowski
Manager of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203
Alexandria, VA 22314
703-683-8630 (ext. 116)
703-683-8634 (fax)
mmachnowski@nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of
multifamily property managers and owners whose mission is to provide quality affordable housing.

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