CFDA 14.151 · retired · Funded this fiscal year
Supplemental Loan Insurance Multifamily Rental Housing
ASST SECRETARY FOR HOUSING--FEDERAL HOUSING COMMISSIONER · HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF · Program page ↗
Objective
Section 241(a) insures lenders against loss on mortgage defaults on projects already insured by HUD or held by HUD. The program is intended to keep the project competitive, extend its economic life, and to finance the replacement of obsolete equipment. Insured mortgages finance repairs, additions, and improvements to multifamily projects, group practice facilities, hospitals, or nursing homes.
Who Can Apply
- For-Profit Organization
Owners of a multifamily project or facility already subject to a mortgage insured by HUD or held by HUD.
Who Benefits
- For-Profit Organization
Individuals, families, and owners of multifamily projects.
Assistance Types
- Loan Guarantee
Program Contact
carmelita_a._james@hud.gov
2024022579