{"data":{"id":"us/7-cfr-3565.254","jurisdiction":"us","citation":"7 CFR 3565.254","heading":"Property standards.","body":"(a) Housing quality and site and neighborhood standards. The property must meet the site and neighborhood requirements established by the state or locality, and those standards contained under 7 CFR part 1924, subparts A and C or any successor regulations.\n(b) Third party assessments. As part of the application for a guaranteed loan, the lender must provide documentation of qualified third parties' assessments of the property's physical condition and any environmental conditions or hazards which may have a bearing on the market value of the property. These assessments must include:\n(1) An acceptable property appraisal.\n(2) A Phase I Environmental Site Assessment (American Society of Testing and Materials).\n(3) A Standard Flood Hazard Determination.\n(4) In the case of the purchase of an existing structure, rehabilitation or refinancing, a physical needs assessment.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE","PART 3565—GUARANTEED RURAL RENTAL HOUSING PROGRAM","Subpart F—Property Requirements"],"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":"18c552c605d0ac551386d485bde1154860243857ebb8234a6aaf73cc528eb220","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-3565.253","next":"us/7-cfr-3565.255"},"notice":"GroundRules: Original legal text. Not legal advice."}