Rural Development – What Everyone Should Know

Live Webinar

  • 60 minutes

This program goes over the basic occupancy and compliance requirements of the USDA’s housing assistance program. This is a popular program in rural areas and in communities of populations less than 10,000. This program mimics HUD programs in some respects but there are numerous requirements that are different. The goal is to assist those with low incomes to afford safe and sanitary housing.

This is a somewhat complicated program. It mimics HUD in some respects and uses the HUD handbook 4359.3 for assets and income and has its own regulations published by the national office of USDA for guidance in areas of setting rents and utility allowances. This program also uses income limits for very low, low and moderate-income levels. It also provides for rental assistance (RA) for some tenants who qualify. If they do qualify they would just pay a maximum of 30% of their adjusted income.

Join this session by expert speaker Paul Flogstad, where he will explain how to successfully manage a rural development property and what are the regulations that are required to be successful.

Session Highlights:

  • A summary of the key findings in rural development research of the past twenty years

  • An integration of development theory and practical experience

  • Bridge between the related but often isolated disciplines that inform rural development

  • Catalyst for new thinking in the area of rural development

  • Analysis of the key economic sectors in rural areas: natural resources, the service sector, elderly services, telecommunications, >manufacturing, tourism, and high-technology

Why You Should Attend:

You will be able to …Use your knowledge to comply with the various regulations from USDA concerning program operation. This is somewhat of a complicated program and you will feel competent to use what you learned to manage the basics of Rural Development. Rural Development is probably more “hands on” as far as supervision when compared to other affordable income programs. This program has been around since 1949 and has helps thousands of people by providing reasonable, safe and sanitary housing. RED is very focused on property condition and wasn’t the teants having a good place to live that they can call home. There are monthly reports, annual reports and once every three years a supervisory on site visit to make sure the landlord is following the regulations of RD.

Who Should Attend:

  • Property Managers

  • Property owners

  • Leasing Consultants

  • Housing Authority Staff

  • Tax credit compliance staff

*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Paul Flogstad

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. After college graduation he was in law enforcement for 4 years. From that point on, he has been involved in sales, construction, project management, appraisal, mortgage consulting and brokerage, property management and property management consulting/training. 

Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development and Tax Credit programs. In this role he supported managers by training, compliance, budgeting, developing policy and procedures as well as creating successful marketing strategies. Previously was a regional manager for a large property management company in South Dakota. 

For over twenty years was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management. 

In 2007 he formed Property Management Solutions. In this capacity, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies. 

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

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