---
kind: "section"
citation: "7 C.F.R. § 3565.251"
title: "7"
number: "3565.251"
heading: "Eligible property."
url: "https://uscodex.org/cfr/7/3565.251"
---

# §3565.251. Eligible property.


To be eligible for a guaranteed loan, a property must be used primarily for residential dwelling purposes and must meet the following requirements or the requirements of this subpart:

- (a) **Property location.** All the property must be located in a rural area.
- (b) **Minimum size of development.** The property must consist of at least five rental dwelling units.
- (c) **Non-contiguous sites.** For a loan secured by two or more non-contiguous parcels of land, all sites must meet each of the following requirements:
  - (1) Located in one market area;
  - (2) Managed under one management plan with one loan agreement or resolution for all of the sites; and
  - (3) **Consist of single asset ownership.**
- (d) **Compliance with statutes.** All properties must comply with the applicable requirements in section 504 of the Rehabilitation Act of 1973, the Fair Housing Act, the Americans with Disabilities Act, and other applicable statutes.

## Notes

### Authority

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

### Source

Source: 63 FR 39458, July 22, 1998, unless otherwise noted.