March 30, 2022 | Volume 15, Issue 2
Showcasing Mutual Self-Help Housing
RCAC is a diverse organization in that we are a Mutual Self-Help Housing (MSH) intermediary, and we provide a myriad of other housing services and support, including homeownership counseling training and 502 direct mortgage certified loan packaging. Read more
The final rule is final!
On Feb. 7, 2022, a final rule was published in the Federal Register, which updates and improves the direct single family housing loans and grants programs. The changes are intended to increase program flexibility, allow more borrowers to access affordable loans, … Read summary of key points
Correcting SHARES report numbers
Are your SHARES reports not adding up correctly? Does it show twice as many units than you actually have? Or does it show fewer units that you actually have? If so, you may need to make some changes in the way that you are entering your data into SHARES. Read more
RCAC is hiring a self-help housing technical assistance provider
Do you have housing, project management and community development skills? Do you want a job that provides plenty of opportunities to learn and grow? Work with our Self-Help team and help increase affordable housing in rural communities across the West. Check out the job description for Rural Development Specialist, Self-Help! Apply here.
News you can use
On Feb. 7, 2022, a final rule was published in the Federal Register, which updates and improves the direct single family housing loans and grants programs. The changes are intended to increase program flexibility, allow more borrowers to access affordable loans, better align the program with best practices, and enable the programs to be more responsive to economic conditions and trends, including revisions to the refinancing provisions which will help provide relief to homeowners who have difficulty keeping their accounts current.
Special Procedural Notice
A Special Procedure Notice dated March 9, 2022 provides a summary of the corresponding changes to Handbook-1-3550.
The newsletter is published quarterly for the western region self-help network at no cost to subscribers. We encourage correspondence and contributions.
Suzanne Anarde, chief executive officer
Angela Sisco, executive editor
Sharon Wills, managing editor
Editorial office, West Sacramento, CA (916) 447-2854
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