login    register    help     
 
Calendar
 
Expert Chats
 
Groups
 
Special Reports
 
Multimedia
 
Top News Stories
 
Week In Review Newsletter
 
 
All Topics
 
Affordable Housing Development & Finance
  Housing Preservation & Expiring Use
  Multifamily Housing
  Property Management
  Senior & Special-Needs Housing
  Single-Family Housing
 
Economic Revitalization
 
Fair Housing
 
Homelessness
 
Homeownership & Mortgage Markets
 
Land Use & Housing Planning
 
Organizational Development
 
Personal Finance & Asset Creation
 
Public Housing
 
Social & Comprehensive Development
 
Preservation of Affordable Rural Housing: A Practitioners' Guide to the Section 515 Program
PAGE TOOLS
   
RELATED TOPICS
   
RATE THIS
 
I hate it   I love it
     
1

2

3

4

5
     
 
DIGG THIS
 
 
Published March 2005
Author Leslie Strauss, Lindley Higgins, Gideon Anders, Timothy L. Thompson, Christine R. Goepfert, Shereen Aboul-Saad, Adam Galowitz
Source Local Initiatives Support Corporation
URL Click here to download the full document
PDF: 60 pages, 425 kbytes

Preview

This handbook is a compilation of articles intended to describe the Section 515 program as it exists today. Although each section was written to address a separate issue of interest, together they provide a broad overview of the program as a whole. This is intended to help nonprofit organizations that have an interest in serving the needs of rural communities and the low-income people who live in them improve their understanding of the rules of the 515 program, practical issues confronting owners, managers, and tenants, and some of the recent thinking and practice in the field.

Chapter 1 describes the Section 515 Rental Housing Direct Mortgage program of the Rural Housing Service, including its history, function, regulatory scheme, characteristics of the existing stock, and programmatic trends.

Chapter 2, based to a large extent on interviews with experts in the field, discusses major obstacles to the preservation of RHS Section 515 properties and strategies for overcoming these obstacles.

Chapter 3 provides a comprehensive explanation of funds available to nonprofit development organizations undertaking the acquisition and/or rehabilitation of Section 515 properties, including funds available through RHS and other sources.

Chapter 4 discusses and analyzes the current legal framework surrounding prepayment and preservation of Section 515 properties and relevant case law.

Chapter 5 describes current efforts to facilitate Section 515 preservation transactions through the transfer process, with a particular focus on the principles and potential impacts of Administrative Notice 4010.

   
© 2014 by KnowledgePlex, Inc. All Rights Reserved.
About Us | Advanced Search | Legal / Terms of Use | Privacy Policy | Feedback / Contact Us
 

kp2 Version:   Host: ip-10-83-51-59  C3_DB=c3@localhost:3306; GEO_DB=plex-sandbox@localhost; KPLEX_DB=kplex@localhost:3306; SESSION_DB=session@localhost:3306;