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CFDA 14.155  ·  retired  ·  Funded this fiscal year

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects

ASST SECRETARY FOR HOUSING--FEDERAL HOUSING COMMISSIONER  ·  HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF  ·  Program page ↗

Objective

To provide mortgage insurance to HUD-approved lenders for the purchase or refinancing of existing multifamily housing projects, whether conventionally financed or subject to federally insured mortgages at the time of application for mortgage insurance. The program allows for the long term mortgages that can be financed with Ginnie Mae Mortgage-Backed Securities.

Who Can Apply

  • For-Profit Organization

Both for profit and non-profit borrowers are eligible to apply.

Who Benefits

  • For-Profit Organization

All persons are eligible to occupy such projects subject to normal occupancy restrictions.

Assistance Types

  • Loan Guarantee

Program Contact

carmelita_a._james@hud.gov
2024022579