4A. Preserving Rural Development Rental Housing and Protecting Tenants from Displacement
This workshop will review the USDA Office of Rural Development’s (RD) rental housing prepayment and maturing mortgage processes as well as the RD Voucher program, which is intended to protect residents from displacement when RD rental housing is prepaid. The discussion will focus on how advocates can find out about RD rental developments that are being prepaid or that reach loan maturity, highlight inconsistencies between statutory and RD regulatory provisions, and review recent litigation on prepayments and RD notices on dealing with maturing mortgages. The goal of the roundtable is to enable and encourage advocates to protect residents living in RD developments and to preserve RD rental housing.