{"data":{"id":"us/7-cfr-3560.571","jurisdiction":"us","citation":"7 CFR 3560.571","heading":"Loan and grant closing.","body":"The requirements established in § 3560.72 apply to all applications for off-farm labor housing loans and grants. In addition, the following requirements apply.\n(a) A nonprofit organization will have its Board of Directors adopt an Agency-approved loan and/or grant resolution, which is required as part of the loan docket before loan and/or grant approval. All other loan applicants will execute an Agency-approved loan agreement.\n(b) For grants, an Agency approved grant agreement, must be executed by the applicant on the date of grant closing.\n(c) The obligations incurred by the applicant, as a condition of accepting the grant, will be in accordance with the off-farm labor housing grant agreement.\n(d) Off-farm labor housing loans used to build or acquire new units made pursuant to a contract entered into on or after the effective date of this regulation, will be subject to the restrictive-use provision stated in § 3560.72(a)(2)(ii). All other off-farm labor housing loans are subject to the restrictive-use provisions contained in their loan documents and as outlined in subpart N of this regulation. Such restrictions must be included in the mortgage and deed of trust.","path":["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 L—Off-Farm Labor Housing"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"aa30baf12fb8f43f2f3e916bba19c1113be8f3bb75e3090be01b3989c5235ce8","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-3560.570","next":"us/7-cfr-3560.572"},"notice":"GroundRules: Original legal text. Not legal advice."}