RHS: Single Family Housing Guaranteed Housing Payment Supplement Account Demonstration Program

Federal Register

Jul 24, 2024

The United States Department of Agriculture (USDA) Rural Housing Service (RHS) announces a demonstration program, the Payment Supplement Account (PSA). The PSA is intended to assist borrowers who have experienced a documented hardship that led to an involuntary inability to pay their mortgage obligation, require payment reduction to resume making a monthly payment, and currently have a below market interest rate. This notice describes a special servicing option for servicers to use to assist borrowers who seek loss mitigation alternatives, regardless of the nature of their hardship. This demonstration program is effective July 24, 2024.

Housing and homelessness · Income support and assistance · Policy