Kentucky USDA Rural Development Announces Loan Relief Assistance for 2020 Coronavirus The U.S. Department of Agriculture’s Rural Development program on Wednesday announced measures, including loan relief, to help residents, businesses and communities affected by the COVID-19 outbreak. According to a release from the USDA, a 60-day moratorium on foreclosures and evictions was put into place March 19 in the Kentucky single-family housing Direct and Kentucky Guaranteed loan program. The moratorium applies to both the initiation of foreclosures and evictions and the completion of those in progress. Borrowers in the Kentucky USDA Guaranteed Loan program who are in default or facing imminent default due to a documented hardship can have payments reduced or suspended by their lender for a period not to exceed 12 months delinquency, the release stated. Once the hardship is resolved, the lender can modify the loan to cure the delinquency or make up the missed payments based on the...