From Rural Development:
Multifamily Housing (MFH) has prepared Section 538 forbearance guidance on Section 4023 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Pub.L. 116-136). In addition to the attached letter to lenders explaining how the CARES Act applies to the Guaranteed Rural Rental Housing Program, the two attached sample documents may be helpful when drafting your own documents:
1. USDA Borrower COVID Forbearance Certification 538
2. 538 Lender Sample Forbearance Agreement
Completed forbearance agreements must be sent to Adam Hauptman (Adam.Hauptman@USDA.gov).
We will share these three attachments through GovDelivery and the RD external site later today.
Please do not hesitate to reach out to your local RD staff if you have questions.
Thank you and stay safe,
Nancie-Ann Bodell