Transcription of CHAPTER 3: PROPERTY MANAGEMENT - USDA Rural …
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CHAPTER 3: PROPERTY MANAGEMENT - USDA Rural …
CHAPTER 3: PROPERTY MANAGEMENT INTRODUCTION This CHAPTER provides an overview of the essential responsibilities for PROPERTY MANAGEMENT . In general, the borrower is responsible for providing MANAGEMENT acceptable to the Agency both in terms of staff qualifications and MANAGEMENT practices. The borrower must ensure that PROPERTY operations comply with the terms of all loan or grant documents; Agency requirements; and applicable local, state, and Federal laws and ordinances. For many project MANAGEMENT responsibilities, the Agency must approve or concur in the MANAGEMENT decisions and policies of the borrower. This CHAPTER is designed to identify those actions that require Agency reaction to the borrower s decision. Section 1 of this CHAPTER deals specifically with PROPERTY MANAGEMENT , including Agency approval of the proposed MANAGEMENT agent and MANAGEMENT certification.
3.3 the management plan [7 cfr 3560.102(b)] For each multi-family housing project, borrowers must develop and maintain a management plan that establishes the systems and procedures that will be employed at the
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