An annual report on rural housing programs must be published
What the document says“``(1) raw data sortable by programs and by region regarding loan performance; ``(2) the housing stock of those programs, including information on why properties end participation in those programs, such as for maturation, prepayment, foreclosure, or other servicing issues; and ``(3) risk ratings for properties assisted under those programs.”
The section adds a new section 546 to title V of the Housing Act of 1949 requiring the Secretary of Agriculture to send the appropriate committees of Congress, and publish on the Department of Agriculture website, an annual report on rural housing programs with significant detail on program health, including sortable raw data on loan performance, the housing stock and why properties leave, and risk ratings. The data may be aggregated or anonymized to protect participant financial or personal information.
What the document actually says“``(1) raw data sortable by programs and by region regarding loan performance; ``(2) the housing stock of those programs, including information on why properties end participation in those programs, such as for maturation, prepayment, foreclosure, or other servicing issues; and ``(3) risk ratings for properties assisted under those programs.”
The report must carry raw data on how loans are doing. It must be sortable by program and by region. It must say why buildings leave the programs. It must give a risk rating for each one.
The report goes to Congress and onto the agency website. Figures may be grouped or stripped of names. That protects private details.
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