USDA Extends Rural Definition Until March 27, 2013

Yesterday afternoon the USDA issued a notice of guidance to all Rural Development staff instructing them to continue to use the current “rural” definition to determine eligibility for direct loan and loan guarantee programs until March 27, 2013, and to postpone the implementation of the new 2010 Census data until that time. This is positive news for many communities within the HBAL jurisdiction and throughout Kentucky. Across the nation there were more than 900 communities that would have become ineligible for these programs beginning Monday, October 1, 2012 if USDA did not issue this guidance.

While this is positive news, HBAL staff and members will continue to work closely with the Governmental Affairs staff at the National Association of Home Builders to focus on a long-term solution when Congress returns in November.

Click here to read the Notice issued by USDA.