Unknown. Extension of pilot program
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/register/2026/04/10/2026-06951·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
--- schema: federal-register doc_type: fedreg source_file: FR-2026-04-10.xml --- 91 69 Friday, April 10, 2026 Contents Agricultural Marketing Agricultural Marketing Service NOTICES Standards for Grades: Frozen Asparagus, 18389-18390 2026-06966 Mushrooms, 18390 2026-06971 Agriculture Agriculture Department See Agricultural Marketing Service See Animal and Plant Health Inspection Service See Rural Housing Service NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18391-18393 2026-06977 2026-06978 2026-06979 2026-06983 2026-06984 Animal Animal and Plant Health Inspection Service RULES Import Regulations for Horses;
Pre-Export Examination, 18277-18279 2026-06955 Centers Medicare Centers for Medicare & Medicaid Services NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18462-18464 2026-07016 2026-06946 Commerce Commerce Department See Foreign-Trade Zones Board See International Trade Administration See National Oceanic and Atmospheric Administration Comptroller Comptroller of the Currency RULES Prohibition on the Use of Reputation Risk by Regulators, 18279-18294 2026-06947 PROPOSED RULES Anti-Money Laundering and Countering the Financing of Terrorism Programs, 18304-18330 2026-06948 Defense Department Defense Department PROPOSED RULES Privacy Act;
Implementation, 18337-18340 2026-06949 NOTICES Privacy Act; Systems of Records, 18440-18445 2026-06950 2026-07025 TRICARE Childbirth and Breastfeeding Support Demonstration; Extension, 18444 2026-06913 Education Department Education Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Application for Approval to Participate in Federal Student Aid Programs, 18446 2026-07028 Application Package for Strengthening Historically Black Graduate Institutions, 18447-18448 2026-06939 Prison Education Program Application, 18447 2026-06987 Competition Announcement:
Innovative Approaches to Literacy Program, 18445-18446 2026-07030 Special Education Parent Information Centers—Community Parent Resource Centers Program, 18448-18449 2026-07027 Teacher and School Leader Incentive Program, 18446-18447 2026-07029 Energy Department Energy Department See Energy Information Administration See Federal Energy Regulatory Commission NOTICES Privacy Act; Systems of Records, 18449-18451 2026-06994 Energy Information Energy Information Administration NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 18452 2026-06993 Environmental Protection Environmental Protection Agency RULES Pesticide Tolerance; Exemptions, Petitions, Revocations, etc.: Hexanedioic acid, polymer with sodium 2-[(2-aminoethyl)amino]ethanesulfonate (1:1), 1,6-diisocyanatohexane, 2,2-dimethyl-1,3-propanediol, 1,2-ethanediamine and 1,6-hexanediol in Pesticide Formulations, 18299-18303 2026-06954 Polyethylhexyl Glycidyl Ether Polyethylene Oxide Copolymer in Pesticide Formulations, 18294-18299 2026-06953 PROPOSED RULES Air Quality State Implementation Plans;
Approvals and Promulgations: Indiana; Prong 4 (Visibility) for the 2015 Ozone National Ambient Air Quality Standard, 18347-18349 2026-06942 Michigan; Redesignation and Maintenance Plan for the Partial St. Clair 2010 1-Hour Sulfur Dioxide
(SO2)NAAQS Nonattainment Area, 18383-18388 2026-06941 New York; Interstate Transport Requirements for the 2010 SO2 NAAQS, 18341-18347 2026-06938 Ohio; Attainment Plan and Redesignation of the Canton Area to Attainment of the 2008 Lead Standard, 18372-18383 2026-06937 Ohio; Redesignation of the Cleveland, OH Area to Attainment of the 2015 Ozone Standards, 18355-18372 2026-06943 Ohio; Source-Specific Non-CTG RACT for Ohio, 18349-18355 2026-06940 NOTICES Clean Air Act Operating Permit Program: Order on Petition for Objection to State Operating Permit for Caerus Piceance, LLC—Hunter Mesa Water Treatment Facility, 18456 2026-06905 Order on Petition for Objection to State Operating Permits for Bonanza Creek Energy Operating Co., LLC—Antelope CPF 13-21 Production Facility, State Antelope O-1 Central Production Facility, et al., 18455-18456 2026-06910 Environmental Impact Statements; Availability, etc., 18456 2026-06965 Federal Aviation Federal Aviation Administration PROPOSED RULES Airworthiness Directives: Airbus SAS Airplanes, 18333-18337 2026-06980 Modernization Industry Recommendations Report, 18337 2026-07015 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Airman Knowledge Test Registration Collection, 18522-18523 2026-06915 Federal Communications Federal Communications Commission RULES Protecting Our Communications Networks by Promoting Transparency Regarding Foreign Adversary Control, 18670-18702 2026-06992 Federal Deposit Federal Deposit Insurance Corporation RULES Prohibition on the Use of Reputation Risk by Regulators, 18279-18294 2026-06947 PROPOSED RULES Anti-Money Laundering and Countering the Financing of Terrorism Programs, 18304-18330 2026-06948 GENIUS Act Requirements and Standards: FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions, 18534-18579 2026-06974 NOTICES Privacy Act; Systems of Records, 18456-18459 2026-06904 Federal Energy Federal Energy Regulatory Commission NOTICES Combined Filings, 18452-18455 2026-06986 2026-06988 2026-06991 Records Governing Off-the-Record Communications, 18453-18454 2026-06989 Federal Highway Federal Highway Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18523-18524 2026-06967 2026-06968 Federal Reserve Federal Reserve System PROPOSED RULES Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through the Fedwire Funds Service and the FedNow Service; Regulation J, 18330-18333 2026-06996 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18460-18461 2026-06970 Change in Bank Control: Acquisitions of Shares of a Bank or Bank Holding Company, 18459-18460 2026-07009 Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 18461-18462 2026-07011 Proposals to Engage in or to Acquire Companies Engaged in Permissible Nonbanking Activities, 18459 2026-07010 Financial Crimes Financial Crimes Enforcement Network PROPOSED RULES Anti-Money Laundering and Countering the Financing of Terrorism Programs, 18704-18761 2026-07033 Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements, 18582-18667 2026-06963 Fish Fish and Wildlife Service NOTICES Permits; Applications, Issuances, etc.: Wild Bird Conservation Act, 18477-18478 2026-07026 Food and Drug Food and Drug Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Color Additive Certification, 18464-18466 2026-06936 Premarket Approval of Medical Devices, 18468-18471 2026-06906 Submission of Petitions: Food Additive, Color Additive (Including Labeling), Submission of Information to a Master File in Support of Petitions; and Electronic Submission, 18466-18468 2026-06935 Withdrawal of Approval of Drug Application: GlaxoSmithKline; Wellcovorin (leucovorin calcium) Tablets, EQ 5 mg Base and EQ 25 mg Base, 18472 2026-06911 Foreign Assets Foreign Assets Control Office PROPOSED RULES Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements, 18582-18667 2026-06963 Foreign Trade Foreign-Trade Zones Board NOTICES Approval of Subzone Status: Inmobiliaria G.G., LLC, Juncos, PR, 18393 2026-07007 Health and Human Health and Human Services Department See Centers for Medicare & Medicaid Services See Food and Drug Administration See National Institutes of Health Housing Housing and Urban Development Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Rural Capacity Building, 18476-18477 2026-06973 HOME Investment Partnerships Program: Maximum Per-Unit Subsidy Limit Methodology and Amount, 18474-18475 2026-06926 Interior Interior Department See Fish and Wildlife Service See National Park Service International Trade Adm International Trade Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Request for Duty-Free Entry of Scientific Instrument or Apparatus, 18418-18419 2026-06976 American AI Exports Program; Call for Proposals for Pre-Set Consortia, 18412-18416 2026-06952 Antidumping or Countervailing Duty Investigations, Orders, or Reviews: Carbon and Alloy Steel Threaded Rod from India, 18407-18409 2026-07004 Certain Frozen Warmwater Shrimp from India, 18394-18397 2026-07005 Certain Hot-Rolled Steel Flat Products from Japan, 18410-18412 2026-07008 Certain Hot-Rolled Steel Flat Products from the Republic of Korea, 18398-18400 2026-07001 Commodity Matchbooks from India, 18401-18403 2026-06916 2026-06921 Common Alloy Aluminum Sheet from the Republic of Turkiye, 18405-18406 2026-06925 Large Diameter Welded Pipe from Canada, 18400-18401 2026-06933 Monosodium Glutamate from the Republic of Indonesia and the People's Republic of China, 18416-18417 2026-06928 Prestressed Concrete Steel Wire Strand from Brazil, India, Mexico, the Republic of Korea, and Thailand, 18417-18418 2026-07003 Prestressed Concrete Steel Wire Strand from India, 18397-18398 2026-06998 Prestressed Concrete Steel Wire Strand from Japan, 18409-18410 2026-07002 Tetrahydrofurfuryl Alcohol from the People's Republic of China, 18404-18405 2026-06912 Hearings, Meetings, Proceedings, etc.: Environmental Technologies Trade Advisory Committee, 18407 2026-07032 International Trade Com International Trade Commission NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: United States-Mexico-Canada Agreement Automotive Rules of Origin: Economic Impact and Operation, 2027 Report; USMCA Automotive Rules of Origin Motor Vehicle Producer Questionnaire, 18479-18480 2026-06944 Complaint, 18480-18481 2026-06945 Investigations; Determinations, Modifications, and Rulings, etc.: Certain Glass Substrates for Liquid Crystal Displays, Products Containing the Same, and Methods for Manufacturing the Same II, 18478-18479 2026-07031 Justice Department Justice Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Amendment to Registration Statement of Foreign Agents, 18486 2026-07023 Exhibit A to Registration Statement of Foreign Agents, 18481 2026-07022 Exhibit B to Registration Statement of Foreign Agents, 18482 2026-07018 Registration Statement of Foreign Agents, 18482-18483 2026-07019 Short Form to Registration Statement of Foreign Agents, 18485-18486 2026-07020 Supplemental Statement to Registration Statement of Foreign Agents, 18483-18484 2026-07021 Proposed Consent Decree: Comprehensive Environmental Response, Compensation, and Liability Act, 18484-18485 2026-06975 Labor Department Labor Department See Workers Compensation Programs Office NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Uniformed Services Employment and Reemployment Rights Act and Veterans' Preference Eligibility, 18487 2026-06990 National Credit National Credit Union Administration PROPOSED RULES Anti-Money Laundering and Countering the Financing of Terrorism Programs, 18304-18330 2026-06948 National Highway National Highway Traffic Safety Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Driver Monitoring System in SAE L2 Driver Support Systems, 18524-18529 2026-07017 National Institute National Institutes of Health NOTICES Hearings, Meetings, Proceedings, etc.: Center for Scientific Review, 18472-18473 2026-06914 2026-06981 Office of the Director, 18473-18474 2026-06982 National Oceanic National Oceanic and Atmospheric Administration RULES Fisheries of the Exclusive Economic Zone Off Alaska: Pollock in Statistical Area 630 in the Gulf of Alaska, 18303 2026-06995 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Alaska Region Amendment 80 Program, 18436-18437 2026-06985 Fisheries of the Exclusive Economic Zone off Alaska: Bering Sea and Aleutian Islands Management Area; Cost Recovery Fee Notice for the Pacific Cod Trawl Cooperative Program, 18438-18439 2026-06917 Hearings, Meetings, Proceedings, etc.: General Advisory Committee to the U.S. Section to the Inter-American Tropical Tuna Commission, Scientific Advisory Subcommittee to the General Advisory Committee, 18437-18438 2026-07000 North Pacific Fishery Management Council, 18419-18420 2026-06997 Pacific Fishery Management Council, 18438 2026-06969 Taking or Importing of Marine Mammals: Point Blue Conservation Science's Seabird Research Activities on the South Farallon Islands, Farallon Islands National Wildlife Refuge, CA, etc., 18420-18436 2026-07024 National Park National Park Service PROPOSED RULES Hunting and Trapping in National Preserves: Alaska, 18340-18341 2026-07006 Postal Regulatory Postal Regulatory Commission NOTICES New Postal Products, 18489-18490 2026-07014 Presidential Documents Presidential Documents ADMINISTRATIVE ORDERS Somalia; Continuation of National Emergency (Notice of April 8, 2026), 18763-18766 2026-07069 Rural Housing Service Rural Housing Service RULES Multi-Family Housing Simple Transfer Pilot Program, 18275-18277 2026-06951 Securities Securities and Exchange Commission NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18520-18521 2026-06934 Self-Regulatory Organizations; Proposed Rule Changes: 24X National Exchange LLC, 18506-18509 2026-06931 Financial Industry Regulatory Authority, Inc., 18493-18497 2026-06929 New York Stock Exchange LLC, 18499-18506, 18515-18520 2026-06923 2026-06924 Texas Stock Exchange LLC, 18509-18515 2026-06932 The Depository Trust Co., 18497-18499 2026-06922 The Options Clearing Corp., 18490-18493 2026-06930 State Department State Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Smart Traveler Enrollment Program, 18522 2026-07013 Hearings, Meetings, Proceedings, etc.: Shipping Coordinating Committee to Prepare for International Maritime Organization MEPC 84 Session, 18522 2026-06964 Transportation Department Transportation Department See Federal Aviation Administration See Federal Highway Administration See National Highway Traffic Safety Administration Treasury Treasury Department See Comptroller of the Currency See Financial Crimes Enforcement Network See Foreign Assets Control Office NOTICES Designation of Databases to the Do Not Pay Working System, 18529-18530 2026-06959 Hearings, Meetings, Proceedings, etc.: Debt Management Advisory Committee, 18529 2026-06957 DFC U.S. International Development Finance Corporation NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 18439-18440 2026-06918 Veteran Affairs Veterans Affairs Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Create Payment Request for the VA Funding Fee Payment System; A Computer Generated Funding Fee Receipt, 18531-18532 2026-06958 Privacy Act; Matching Program, 18530-18531 2026-07012 Workers' Workers Compensation Programs Office NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Application for Approval of Representative's Fee in a Black Lung Claim Proceeding Conducted by the U.S. Department of Labor, 18487-18488 2026-06919 Survivor's Form for Benefits under the Black Lung Benefits Act, 18488-18489 2026-06920 Separate Parts In This Issue Part II Federal Deposit Insurance Corporation, 18534-18579 2026-06974 Part III Treasury Department, Financial Crimes Enforcement Network, 18582-18667 2026-06963 Treasury Department, Foreign Assets Control Office, 18582-18667 2026-06963 Part IV Federal Communications Commission, 18670-18702 2026-06992 Part V Treasury Department, Financial Crimes Enforcement Network, 18704-18761 2026-07033 Part VI Presidential Documents, 18763-18766 2026-07069 Reader Aids Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, and notice of recently enacted public laws. To subscribe to the Federal Register Table of Contents electronic mailing list, go to https://public.govdelivery.com/accounts/USGPOOFR/subscriber/new, enter your e-mail address, then follow the instructions to join, leave, or manage your subscription. 91 69 Friday, April 10, 2026 Rules and Regulations DEPARTMENT OF AGRICULTURE Rural Housing Service 7 CFR Part 3560 [Docket No. RHS-26-MFH-0067] Multi-Family Housing Simple Transfer Pilot Program AGENCY: Rural Housing Service, USDA. ACTION: Extension of pilot program. SUMMARY: The Rural Housing Service
(RHS)has extended its Simple Transfer Pilot Program until December 31, 2027. This initiative streamlines transfers for certain USDA Section 514 Farm Labor Housing and 515 Rural Rental Housing properties. The program simplifies extensive application requirements, previously applied to all property ownership changes, for less complex transactions. This aims to reduce costs and improve processing times. RHS will evaluate the program's effectiveness, with successful changes potentially incorporated into permanent regulations to encourage property preservation and portfolio revitalization. DATES: *Pilot Duration:* The effective date of the Simple Transfer Pilot Program is extended to December 31, 2027, at which time the RHS may extend the pilot program (with or without modifications) or terminate it depending on the workload, budget and resources needed to administer the program, feedback from the public, and the effectiveness of the program. FOR FURTHER INFORMATION CONTACT: For general information about the pilot program, contact Jessica Long, Asset Management Division at *jessica.long@usda.gov* or at 270-392-4526. Owners that are interested in participating in the pilot program should contact the project's assigned servicing specialist in the Field Operations Division. The assigned specialist can be found on the Agency's website at *https://www.sc.egov.usda.gov/data/MFH.html.* Select the file under the heading Multifamily Housing 514 & 515 Property Assignments. The servicing specialist is listed in the column labeled “Assigned To” and their email is in the column “Assigned To Email.” SUPPLEMENTARY INFORMATION: Authority Title V, Section 506(b) of the Housing Act of 1949, as amended; 42 U.S.C. 1476(b). Background RHS is committed to helping improve the economy and quality of life in rural areas by offering a variety of programs such as loans, grants, and loan guarantees to help create jobs, expand economic development, and provide critical infrastructure investments. RHS also provides technical assistance, loans, and grants by partnering with agricultural producers, cooperatives, Indian tribes, non-profits, and other local, state, and federal agencies. The Multi-family Housing Program (MFH), an RHS program, assists rural property owners through loans, loan guarantees, and grants that enable owners to develop and rehabilitate properties for low-income, elderly, and disabled individuals and families as well as domestic farm laborers. MFH works with the owners of its direct and farm labor housing loan properties to subsidize rents for low-income tenants who cannot afford to pay their full rent. These programs assist qualified applicants that cannot obtain commercial credit on terms that will allow them to charge rents that are affordable to low-income tenants. Summary of Updates to the Pilot Program 1. The pilot program is extended by two years until December 31, 2027. 2. The Agency is adding exception criteria for the restrictive use requirement. Transfer Types: Simple and Standard Transfers MFH utilizes a variety of tools to revitalize and preserve the physical and financial health of more than 12,000 properties currently in USDA's rural rental portfolio. The Agency may authorize limited demonstration programs to test new approaches to offering housing under the statutory authority granted to the Secretary, as set forth in 42 U.S.C. 1476(b) and 7 CFR 3560.53(t). Such demonstration programs may authorize procedures and requirements that differ from those set forth in statute or regulation. However, any program requirements that are not expressly exempted, whether statutory or regulatory, remain in effect. There are two primary types of ownership changes that require approval by MFH which are
(1)a change in the borrower entity's organizational structure or
(2)a transfer of ownership to a new entity. Organizational changes that include changes in a borrower's current ownership entity structure are addressed in 42 U.S.C. 1485(h) and 7 CFR 3560.405. Transfers, which are sales of projects to new owners that continue to operate the projects in the 515 program, are detailed in 42 U.S.C. 1485(h) and 7 CFR 3560.406. MFH has identified the need to simplify the transfer of ownership for certain types of transactions. The current process places the same submission requirements on applicants regardless of the complexity of the transaction, resulting in undue burdens for relatively uncomplicated transfers, thereby reducing potential transfer and preservation activity in the portfolio. To address this issue, MFH has implemented the Simple Transfer Pilot Program which offers three additional transfer options as a way to encourage preservation and revitalize its portfolio. MFH expects that by reducing application requirements for certain types of transfers, the result will be lower transaction-related costs for applicants and improved processing times. At the end of the pilot program, MFH will evaluate the findings with consideration towards, if successful, future regulatory changes that could be codified into 7 CFR part 3560 and applied program wide. Discussion of the New Transfer Pilot Program
(1)*Simple Transfer Pilot Program:* For a simple transfer, under certain conditions the Agency will process an application for an ownership change without requiring full rehabilitation financing and/or reserve account funding typically needed to approve a standard transfer. Simple transfers include restrictions on new debt, equity payouts, and other limitations that are not included for standard transfers. The Agency must determine that the new owner can operate the property successfully and that the ownership change will benefit the government and tenants even if there are remaining rehabilitation needs post-transfer. The property must meet the required conditions to be processed as a simple transfer. The Asset Management Division
(AMD)will process simple transfers.
(2)*Standard Transfer:* All transfers that do not meet the requirements for a simple transfer are considered standard transfers. Standard transfers often include third-party financing, such as Low-Income Housing Tax Credits (LIHTC), and may include one property or multiple properties in a portfolio. Standard transfers follow the guidance in 7 CFR 3560.406. The Production and Preservation Division
(P2)will continue to process standard transfers. Implementation of the Simple Transfer Pilot Program Eligible properties include Section 514 Farm Labor Housing and Section 515 Rural Rental Housing properties. Eligibility for the pilot program will be based on property conditions and the ability and willingness of the buyer and seller to meet required simple transfer conditions. Buyers must meet the eligibility criteria in 7 CFR 3560.406. Applicants must be able to clearly demonstrate that the property can operate successfully under new ownership. Applicants must abide by the regulatory requirements set forth in 7 CFR part 3560 and the requirements set forth in applicable statutes, except for the exceptions made available through this pilot program, as detailed in this Notice. Under the pilot program, three simple transfer options are available to address different property circumstances, which are outlined below: Option 1: Simple Transfer With Expedited Ownership Change Required Option 1 is the most streamlined transfer process. It is available in circumstances where the Agency determines that an expedited ownership change is in the best interest of the Government, property, and tenants. *(1) Requirements:*
(i)Property is in acceptable physical condition as determined by the Agency based on information submitted by the applicant, available in Agency files, or available from third parties, AND
(ii)Conditions exist that require an expedited transfer, including but not limited to: deceased borrower or general partner, hardship, insolvency, receivership, imminent loan maturity, or sale to nonprofit under prepayment, AND
(iii)No additional debt will be incurred by the Buyer or secured by the property as part of the transfer, AND
(iv)New owner (nonprofit or for-profit) will provide a plan for the long-term viability of the property, which may include recapitalization/rehabilitation or resetting of reserves. The Agency must determine that the proposed viability plan demonstrates the continued physical and financial viability of the property. *(2) Pilot Program Modification to current Standard Transfer Requirements in 7 CFR 3560:*
(i)No Capital Needs Assessment
(CNA)is required with the transfer application (the CNA requirement in 7 CFR 3560.406(d)(5) is exempted for transfers qualifying for Option 1).
(ii)No new valuation of the property is required with the transfer application (the requirement in 3560.406(d)(3)(i) and
(ii)that the security value of the housing project be determined at the time of transfer is exempted for transfers qualifying for Option 1).
(iii)The maturity date and amortization period of the loan will not be changed or extended unless the Agency determines that an extension of the term is in the best interests of the Government, property and tenants.
(iv)No equity payout can be included as part of the transaction. Equity payout to transferor shall not be paid for by project funds and shall not be secured by the property. If agreed to by both parties, equity may be paid outside of the transaction.
(v)The project must meet minimum reserve account requirements as determined by the Agency. The Agency may require a post-transfer analysis to reset annual reserve deposits as a condition of the approved viability plan, which could include completion of a property conditions survey, a CNA, or another analysis acceptable to the Agency.
(vi)As part of this extension, the pilot program will also include an exception to the restrictive use requirement in 7 CFR 3560.406(g). These exceptions are intended to streamline transfers in situations where affordability restrictions are already preserved through family continuity or estate planning measures, while ensuring compliance with statutory requirements and tenant protections. Each transfer under these provisions must be reviewed by the Agency to confirm eligibility and documented appropriately. The restrictive use exception will only be considered in two specific scenarios:
(a)when a property is transferred to an heir or heirs following the death of the current owner, OR
(b)when a property is transferred for estate planning purposes where ownership and control remain with the existing borrower. Option 2: Simple Transfer With Rehabilitation Option 2 is designed for properties that require rehabilitation and/or resetting of the annual deposit to the reserve account. *(1) Requirements:*
(i)Property is or will be fully subsidized post-transfer OR rents can be increased without adversely impacting occupancy and without a term extension, AND
(ii)No additional amortizing debt will be incurred by the Buyer or secured by the property as part of the transfer, AND
(iii)One of the following conditions applies:
(a)Based on a CNA, rehabilitation is needed now that cannot be funded by the current reserve account, OR
(b)Property is in acceptable condition, with only minor upfront rehabilitation or repairs needed, as determined by the Agency based on information submitted by the applicant, available in Agency files, or available from third parties. Reserves are sufficient to meet any upfront rehabilitation needs but are inadequate to address future rehabilitation needs. *(2) Pilot Program Modification to current Standard Transfer Requirements in 7 CFR 3560:*
(i)No new valuation of the property is required with the transfer application (the requirement in 3560.406(d)(3)that the security value of the housing project be determined at the time of transfer is waived for transfers qualifying for Option 2).
(ii)The Agency may approve a junior lien for deferred financing as provided in 3560.409, except that:
(a)deferred financing must at a minimum be coterminous with the Agency's loan(s), and
(b)the Agency may set a maximum per unit limit on rehabilitation that can be approved under Option 2.
(iii)The maturity date and amortization period of the loan will not be changed or extended, except that a term extension may be permitted in accordance with CFR 3560.406(j) if required by the deferred lender to preserve affordability for a longer period.
(iv)No equity payout can be included as part of the transaction. Equity payout to transferor shall not be paid for by project funds and shall not be secured by the property. If agreed to by both parties, equity may be paid outside of the transaction. Option 3: Simple Transfer With Future Rehabilitation/Recapitalization Plan Option 3 provides flexibility to nonprofits and government agencies to complete an acquisition of a preservation-worthy property even if resources for rehabilitation of the property are not available at the time of the transfer. An appraisal and CNA are required as part of the transfer application. *(1) Requirements:*
(i)Based on a CNA, rehabilitation is needed that cannot be fully funded by the current reserve account or resetting of the existing reserve deposits, AND
(ii)The purchaser is a nonprofit organization or government agency, AND
(iii)The new nonprofit or government agency owner will pursue a strategy to rehabilitate/recapitalize the property with Agency and/or third-party funds within two years of the transfer closing date. The Agency must determine that the recapitalization plan will meet the physical and financial needs of the property the new owner is likely to obtain the Agency and/or third-party funds, and the property can function successfully until rehabilitation/recapitalization is complete. *(2) Pilot Program Modification to current Standard Transfer Requirements in 7 CFR 3560:*
(i)The Agency will waive the necessary reserve requirement adjustment under 7 CFR 3560.406(d)(5). The new owner must address the rehabilitation needs identified in the CNA over a period not to exceed two years after the closing date of the transfer. The Agency must approve the new owner's proposed rehabilitation plan and the new owner's plan to obtain funding for the rehabilitation prior to approval of the transfer.
(ii)The Agency will monitor the progress and implementation of the approved plan as part of routine project servicing. The new owner may propose changes to the approved plan; however, RD must authorize in writing any changes before they are implemented. For all simple transfer options, health, safety, environmental, civil rights, and applicable accessibility requirements must be resolved at the time of transfer. The property must be rated “performing” in the internal risk rating tool unless an exception is approved by the Agency. In cases where MFH determines that none of the simple transfer options are viable for a project, the property owner should follow the standard transfer requirements in 7 CFR 3560.406. The Agency may also determine that other servicing actions are more appropriate based on the property's circumstances. Standard transfer requirements have not changed and are outlined in 7 CFR 3560.406. A checklist and other information have been developed and are available by:
(1)contacting the assigned servicing specialist, which can be found at USDA Service Center Agencies Online Services; or
(2)refer to the FOR FURTHER INFORMATION CONTACT section in this Notice. Transfer Processing Steps A property owner should contact the assigned Field Operations Division
(FOD)servicing specialist if interested in a transfer under the pilot program. The servicing specialist will take the lead in intake of the information and in partnership with AMD and lead the concept call with the applicant. After the conversation with the applicant, the package will either be transferred to AMD for processing, or the servicing specialist will notify the applicant in writing of the decision to not proceed with the simple transfer process and the reasons. Paperwork Reduction Act The regulatory exceptions for this pilot contain no new reporting or recordkeeping burdens under OMB control number 0575-0179 that would require approval under the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35). Non-Discrimination Statement In accordance with Federal civil rights law and U.S. Department of Agriculture
(USDA)civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, religion, sex, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). Remedies and complaint filing deadlines vary by program or incident. Persons with disabilities who require alternative means of communication for program information ( *e.g.,* Braille, large print, audiotape, American Sign Language, etc.) should contact the State or local Agency that administers the program or contact USDA through the Telecommunications Relay Service at 711 (voice and TTY). Additionally, program information may be made available in languages other than English. To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at *https://www.usda.gov/about-usda/general-information/staff-offices/office-assistant-secretary-civil-rights/how-file-program-discrimination-complaint* and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint form, call
(866)632-9992. Submit your completed form or letter to USDA by:
(1)*Mail:* U.S. Department of Agriculture, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue SW, Washington, DC 20250-9410; or
(2)*Fax:*
(833)256-1665 or
(202)690-7442; or
(3)*Email:* *Program.Intake@usda.gov.* USDA is an equal opportunity provider, employer, and lender. George Kelly, Administrator, Rural Housing Service. [FR Doc. 2026-06951 Filed 4-9-26; 8:45 am]
Connectionstraces to 2
6 references not yet in our index
- 7 CFR 3560
- 7 CFR 3560.53(t)
- 7 CFR 3560.405
- 7 CFR 3560.406
- 7 CFR 3560.406(d)(5)
- 7 CFR 3560.406(g)
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Extension of pilot program
Cite7 CFR 3560
Cite7 CFR 3560.53(t)
Cite7 CFR 3560.405
Cite7 CFR 3560.406
Cite7 CFR 3560.406(d)(5)
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