NCSHA Comments on USDA Income Banding Rule
NCSHA submitted a letter to the U.S. Department of Agriculture, on behalf of the state Housing Finance Agencies, regarding the department’s proposed rule making amendments to the Single Family Housing Direct Home Loan Program and the Single Family Housing Guaranteed Loan Program (SFHGLP).
NCSHA strongly supports the proposal to establish a two-tier income banding structure to be used to determine the very low- and low-income limits, in addition to the moderate-income limits, for SFHGLP loans.
