(12-18-98) SPECIAL PN
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1.1
INTRODUCTION
This chapter provides an overview of the Guaranteed Rural Rental Housing Program
(GRRHP) handbook and key program features. It includes the following sections:
SECTION 1: THE HANDBOOK
1.2
PURPOSE
This handbook provides lenders and Rural Housing Service (Agency) staff with guidance
on the origination and servicing of GRRHP loans and the approval of qualified lenders. Lenders
will use this handbook as a guide for carrying out the activities and procedures required by the
regulation. Agency staff will use the handbook as a reference to monitor and evaluate a lender’s
performance in the program.
These instructions are intended to be consistent with all applicable laws, Executive Orders,
and USDA regulations. Nothing in this handbook should be construed to supersede, rescind, or
otherwise amend such laws, Executive Orders, and regulations.
Any additions or revisions to this handbook will be distributed to approved lenders and
made available to other interested parties upon request.
1.3
USING THE HANDBOOK
The handbook has been organized for ease in looking up information. Several graphic
tools and conventions have been used to make information easier to find and understand.
CHAPTER 1: OVERVIEW OF GUARANTEED RURAL
RENTAL HOUSING PROGRAM ORIGINATION
AND SERVICING HANDBOOK
Key Topics in this Chapter
•
The Handbook
•
The Rural Housing Service (RHS)
•
Program Overview
•
Federal Requirements
HB-1-3565
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A. Handbook Symbols
• References. The book symbol directs the reader to additional information
sources, such as laws, regulations, or instructions.
• Civil rights. A modified fair housing logotype highlights processing
procedures with significant fair housing or civil rights implications.
• Deadlines. Time frames for completing required actions are highlighted
by a small clock to make them easier to locate. Deadlines are also underlined in the
text. Deadlines are generally expressed in terms of calendar days unless otherw