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14.134: Mortgage Insurance Rental Housing

Alternate Name: Mortgage Insurance for Rental Housing -Section 207

Overview

Program Number
14.134
Status
Active
Agency
Assistant Secretary for Housing - Federal Housing Commissioner [HUD]
Last Modified
Aug. 11, 2022
Date Posted
Aug. 11, 2022
Objective
Section 207 insures mortgage loans to finance the construction or rehabilitation of a broad range of rental housing. Section 207 mortgage insurance, although still authorized, is no longer used for new construction and substantial rehabilitation. It is however, the primary insurance vehicle for the Section 223(f) refinancing program. Multifamily new construction and substantial rehabilitation projects are currently insured Section 221(d)(4) programs.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Eligible mortgagors include investors, builders, developers, and others who meet HUD requirements for mortgagors.
Beneficiary Eligibility
All families eligible to occupy dwellings in a structure whose mortgage is insured under the program, subject to normal tenant selection.
Related Programs
  • 14.138 - Mortgage Insurance Rental Housing for the Elderly
  • 14.155 - Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects
  • 14.135 - Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate
  • 14.139 - Mortgage Insurance Rental Housing in Urban Renewal Areas
    • Additional Information
    https://sam.gov/fal/849b1a468aa140028959f33d1c68dd47/view
    Grant Awards

    Mortgage Insurance Rental Housing direct grants

    Grant Opportunities

    Mortgage Insurance Rental Housing grant and assistance application opportunities