1. Rural Housing Service: Building People, Places and Community Building People, Places and Community Tony Hernandez, RHS Administrator

2. Single Family Housing FY 2014 Results Over 138,000 new homeowners assisted by our 502 Guaranteed Program, including 32,400 very low-income borrowers. Over 6,500 families were served by the 502 Direct Program, which obligated more than $808 million despite the government shutdown and sequester. Nearly 870 families built their own homes through the mutual self-help housing program, acquiring approximately $25,000 in equity in their homes. (50,000 th home in 2015!) First Native American Self-Help Project in New Mexico Breaks Ground (Zuni Pueblo)

3. RHS FY 2015 Budget ProgramFY2014FY2014 ObligationsFY2015 502 Direct$900 million$808 million$900 million 502 Guaranteed $24 billion$19.05 billion$24 billion

4. Guaranteed Loan Program Growth – All Lenders

5. State Housing Agencies 502 Guaranteed Loan Volume

6. Rural Housing Definition Farm Bill expanded community eligibility in some cases to populations up to 35,000. RHS suspended Rural in Character (RIC) determinations until September 30, 2015 due to concerns from areas losing eligibility and lack of sufficient time for communities to comment on proposed changes. RHS will undertake analysis to ensure consistency is applied across all states to designate non-rural determinations and re-evaluate areas terminated due solely to RIC. A 90-day public notice will be published to inform communities that are under review for RIC determination. Public will have an opportunity to comment. 6

7. Enhancing Customer Service! SFH Guaranteed Loan Program 3555 Regulation NOW in effect! Construction to Permanent Loans (“Single Close”) – Stimulate new construction Automated Loan Closing – Electronic issuance of Loan Note Guarantee Interest Rate Cap Lifted! New Partnerships with Credit Unions

8. Enhancing Customer Service for SFH Direct Program New Single Family Housing Direct Listserv Streamlining the inspection requirements by accepting third-party inspections (DONE!) FY2015 Projects Automated underwriting system - no more manual underwriting! Certified Loan Application Packaging Process Final Rule Modification to eForms/myForms Electronic Customer File

9. Partnerships and Stakeholder Feedback VITAL! Stakeholders such as NCHSA are invited to partner with us to develop policies, process and outreach so that Single-Family programs effectively serve our rural customers YOUR feedback being incorporated into certified packager Final Rule and was listened to for guidance on reforming inspection process We want YOUR suggestions on automation and standardization for our rules engine, eForms, and electronic customer file

10. Questions? THANK YOU!