14.189: Qualified Participating Entities (QPE) Risk Sharing
Alternate Name: 542b Risk Sharing Program
Overview
Program Number
14.189
Status
Inactive
Last Modified
June 19, 2020
Date Posted
Sept. 13, 2018
Objective
Under this program HUD provides reinsurance on multifamily housing projects whose loans are originated, underwritten, serviced, and disposed of by qualified participating entities (QPEs) and/or its approved lenders. The program encourages the development and preservation of affordable housing. The Section 542(b) program was originally designed as a pilot to test innovative mortgage insurance and reinsurance products to provide affordable multifamily housing through a partnership between HUD and QPEs, including Government Sponsored Enterprises, financial institutions, and the Federal Housing Finance Board.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Eligible mortgagors include investors, builders, developers, public entities, and private nonprofit corporations or associations may apply to a qualified QPE and/or its lender.
Beneficiary Eligibility
Individuals, families, and property owners may be eligible for affordable housing.
Related Programs
Grant Awards
Qualified Participating Entities (QPE) Risk Sharing direct grants
Grant Opportunities