Changes to the Rural Housing Service (RHS) Multifamily Production Programs

Resolved that NAHB supports legislative provisions that would:
Allow owners to prepay their Section 515 mortgages to:

  1. Convert the Section 521 Rental Assistance Program to Section 8 project-based rental assistance.
  2. Provide federal budget funding to support increased production to meet the market demand for affordable multifamily housing in rural areas.

Resolution originally adopted: 2002/2 No. 1

Committee with primary jurisdiction:
  • Housing Finance Committee
  • Federal Government Affairs Committee

View full text of resolution.