The USDA Rural Development has announced a series of future teleconference and/or Web conference meetings on the USDA Section 538 Guaranteed Rural Rental Housing Program. Those wishing to register for these events and to obtain the call-in number and other information should contact James F. Carey, 202-401-2307, [email protected]. The events will be held in January, April, July, and October 2010; specific dates haven’t been announced. The objectives of the series of teleconferences are to:

  • Enhance the effectiveness of the Section 538 Program
  • Establish a two way communications forum to update industry participants and Rural Housing staff
  • Enhance RHS’ awareness of the market and other forces that impact the Section 538 Multifamily Guaranteed Loan program

Topics to be discussed could include but will not be limited to the following:

  • Updates on the USDA Section 538 Program FY 2009-2010 activities
  • Perspectives on the current state of debt financing and its impact on the Section 538 program
  • Enhancing the use of Section 538 financing with the transfer and/or preservation of Section 515 developments
  • The impact of federal low-income housing tax credit program changes on Section 538 financing.

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