USDA Rural Development Publishes Final Rule Updating Insurance Requirements for Multifamily Housing Properties

The U.S. Department of Agriculture’s Rural Housing Service (RHS) is delivering on the Trump Administration’s priority to streamline and modernize government services. The agency is issuing a final rule updating insurance requirements for properties in its Multifamily Housing Section 515 Rural Rental Housing and Sections 514 and 516 Farm Labor Housing portfolio. The final rule modernizes outdated insurance standards, addresses rising insurance costs, and improving borrower flexibility and clarity.

For more details, please refer to the final rule published in the Federal Register.