Section 502 subsidized guaranteed Rural Housing loans.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) State's percentage of the National number of rural occupied substandard units, (2) State's percentage of the National rural population in places of less than 2,500 population, (3) State's percentage of the national number of rural households below 80 percent of the area median income, and (4) State's percentage of the national number of rural renter households paying more than 35 percent of income for rent. The data source for each criterion is specified in paragraph (b)(5) of this section. Each criterion is assigned a specific weight according to its relevance in determining need. The percentage representing each criterion is multiplied by the weight factor and summed to arrive at a basic State factor (SF) as follows: SF = (criterion 1 × weight of 30%) + (criterion 2 × weight of 10%) + (criterion 3 × weight of 30%) + (criterion 4 × weight of 30%) (5) The data source for the criteria specified in paragraphs (b)(1), (b)(2), and (b)(4) of this section is the most recent decennial Census. The data source for the criterion specified in paragraph (b)(3) of this section is 5-year income data from the American Community Survey (ACS) or, if needed, other Census Bureau data. (c) (d) (e) (f) (g) (h) (1) Mid-year: If used in a particular fiscal year, available funds unobligated as of the pooling date are pooled and redistributed based on the formula used to allocate funds initially. (2) Year-end: Pooled funds are placed in a National Office reserve and are available as deter

official document · source cfr-2024 · id 7:§ 1940.564