Section 514/516, Section 515, and Section 538 Multi-Family Housing Program Use of Digital/Electronic Signatures

CARH’S BROADCAST E-MAIL – Regulatory Alert

June 28, 2023

Rural Development (RD) recently posted an Unnumbered Letter (UL), dated May 25, 2023, entitled, Section 514/516, Section 515, and Section 538 Multi-Family Housing Program Use of Digital/Electronic Signatures.

The UL provides guidance to all Multifamily Housing (MFH) program staff on the use of and acceptance of electronic signatures, electronic transmission, and electronic storage of documents and forms required by RD in the MFH Program. For the purpose of the UL, “industry partners” include, but are not limited to, owners of Section 514/516, Section 515, and Section 538 multifamily housing properties, management agents, lenders, and service providers.

If you have any questions regarding the UL, contact Deb Reed deb.reed@usda.gov, Policy and Budget Branch, MFH Asset Management Division.

For other news and information affecting the affordable rural housing industry, please visit the Newsroom on CARH’s website, www.carh.org.