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14.188: Housing Finance Agencies (HFA) Risk Sharing

Alternate Name: HFA Risk Sharing Program - 542c

Overview

Program Number
14.188
Status
Active
Last Modified
Aug. 11, 2022
Date Posted
Aug. 11, 2022
Objective
Under Section 542(c), HUD provides credit enhancement for mortgages for multifamily housing projects whose loans are underwritten, processed, serviced, and disposed of by Housing Finance Agencies (HFA). HUD and the qualified State and local HFAs share in the risk of the mortgage.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Eligible mortgagors, who include investors, builders, developers, public entities, and private nonprofit corporations or associations, may apply to a qualified HFA.
Beneficiary Eligibility
Individuals, families, and property owners may be eligible for affordable housing.
Grant Awards

Housing Finance Agencies (HFA) Risk Sharing direct grants

Grant Opportunities

Housing Finance Agencies (HFA) Risk Sharing grant and assistance application opportunities