GroundRules
7 CFR 3560.210: Special note rents (SNRs).
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE
- PART 3560—DIRECT MULTI-FAMILY HOUSING LOANS AND GRANTS
- Subpart E—Rents
When a Plan II housing project is experiencing severe vacancies due to market conditions, the Agency may allow the borrower to charge an SNR, which is less than note rent but higher than basic rent, to attract or retain tenants whose income level would require them to pay special note rent. The requirements for requesting and receiving an SNR are established under § 3560.454.
Collected 2026-08-27T02:24:01Z. Source file · JSON