---
kind: "section"
citation: "7 C.F.R. § 1940.575"
title: "7"
number: "1940.575"
heading: "Section 515 Rural Rental Housing (RRH) loans."
url: "https://uscodex.org/cfr/7/1940.575"
---

# §1940.575. Section 515 Rural Rental Housing (RRH) loans.

- (a) **Amount available for allocations.** See [§ 1940.552(a)](/cfr/7/1940.552.md?p=a) of this subpart.
- (b) **Basic formula criteria, data source and weight.** See [§ 1940.552(b)](/cfr/7/1940.552.md?p=b) of this subpart.

  The criteria used in the basic formula area:

  - (1) State's percentage of National rural population,
  - (2) State's percentage of National number of rural occupied substandard units, and
  - (3) **State's percentage of National rural families with incomes below the poverty level.** The data source for the first two of these criterion is the most recent decennial Census data. The data source for the third criterion is the 5-year data from the American Community Survey (ACS) or, if needed, other Census Bureau data. Each criterion is assigned a specific weight according to its relevance in determining need. The percentage representing each criterion is multiplied by the weight assigned and summed to arrive at a State factor (SF).

    SF = (criterion No. 1 × weight of 33 1/3%) + (criterion No. 2 × weight of 33 1/3%) + (criterion No. 3 × weight of 33 1/3%)

- (c) **Basic formula allocation.** See [§ 1940.552(c)](/cfr/7/1940.552.md?p=c) of this subpart.
- (d) **Transition formula.** See [§ 1940.522(d)](/cfr/7/1940.522.md?p=d) of this subpart.
- (e) **Base allocation.** See [§ 1940.552(e)](/cfr/7/1940.552.md?p=e) of this subpart. Jurisdictions receiving administrative allocations do not receive base allocations.
- (f) **Administrative allocations.** See [§ 1940.552(f)](/cfr/7/1940.552.md?p=f) of this subpart. Jurisdictions receiving formula allocations do not receive administrative allocations.
- (g) **Reserve.** See [§ 1940.552(g)](/cfr/7/1940.552.md?p=g) of this subpart.
- (h) **Pooling of funds.** See [§ 1940.552(h)](/cfr/7/1940.552.md?p=h) of this subpart.
- (i) **Availability of the allocation.** See [§ 1940.552(i)](/cfr/7/1940.552.md?p=i) of this subpart.
- (j) **Suballocation by the State Director.** See [§ 1940.552(j)](/cfr/7/1940.552.md?p=j) of this subpart.
- (k) **Other documentation.** Not applicable.

## Notes

### Amendments

[53 FR 26229, July 12, 1988, as amended at 80 FR 9877, Feb. 24, 2015]

### Source

Source: 50 FR 24180, June 10, 1985, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989; and 42 U.S.C. 1480.

### Amendments

[53 FR 26229, July 12, 1988, as amended at 80 FR 9877, Feb. 24, 2015]