14.103: Interest Reduction Payments Rental and Cooperative Housing for Lower Income Families
Alternate Name: Interest Reduction Payments for certain Multifamily FHA-insured Properties - Section 236
Overview
Program Number
14.103
Status
Inactive
Last Modified
Aug. 2, 2022
Date Posted
Aug. 11, 2021
Objective
To provide good quality rental and cooperative housing for persons of low-and moderate-income by providing interest reduction payments in order to lower their housing costs.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Eligible mortgagors included nonprofit, cooperative, builder-seller, investor-sponsor, and limited-distribution sponsors. Public bodies did not qualify as mortgagors under this program.
Beneficiary Eligibility
Occupants of projects receiving IRP payments and owners benefit.
Related Programs
Additional Information
Grant Awards
Interest Reduction Payments Rental and Cooperative Housing for Lower Income Families direct grants
Grant Opportunities