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14.184: Mortgages Insurance for Single Room Occupancy (SRO) Projects

Alternate Name: 221d Single Room Occupancy

Overview

Program Number
14.184
Status
Inactive
Agency
Assistant Secretary for Housing - Federal Housing Commissioner [HUD]
Last Modified
June 19, 2020
Date Posted
March 18, 2019
Objective
The Single Room Occupancy (SRO) Program provides mortgage insurance for multifamily properties consisting of single-room units. There are no Federal rent subsidies involved with this SRO Program. It is aimed at those tenants who have a source of income but are priced out of the rental apartment market. SRO projects will generally require assistance from local governing bodies or charitable organizations in order to reduce the rents to affordable levels.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Eligible applicants may be nonprofit entities; builder/sellers teamed with a nonprofit purchaser, a limited distribution entity, profit-motivated entities or public entities. Cooperative lenders or investors are not eligible.
Beneficiary Eligibility
Residents are subject to normal tenant selection procedures. There are no income limits for admission.
Related Programs
  • 14.135 - Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate
  • 14.155 - Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects
  • 14.134 - Mortgage Insurance Rental Housing
    • Grant Awards

    Mortgages Insurance for Single Room Occupancy (SRO) Projects direct grants

    Grant Opportunities

    Mortgages Insurance for Single Room Occupancy (SRO) Projects grant and assistance application opportunities