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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XXXV - Rural Housing Service, Department of Agriculture |
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Part 3560 - Direct Multi-Family Housing Loans and Grants |
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Subpart M - On-Farm Labor Housing |
§ 3560.616 - Rates and terms.
Latest version.
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§ 3560.616 Rates and terms.
(a) The interest rate for on-farm labor housing loans will be 1 percent.
(b) The term of the on-farm labor housing loan will not exceed 33 years.
(c) Loan amortization for on-farm labor housing may be on a monthly or an annual basis.