Mortgage insurance to finance the cost of energy efficiency measures.

Nature of Program: FHA's Energy Efficient Mortgage program (EEM) helps homebuyers or homeowners save money on utility bills by enabling them to finance the cost of adding energy efficiency features to new or existing housing as part of their FHA-insured home purchase or refinancing mortgage.

An FHA mortgage may exceed the normal maximum loan limits by the cost of energy efficient improvements, providing those improvements were verified to be cost-effective, meaning that the total cost of the improvements is less than the total present value of the energy saved over the useful life of the energy improvement. The borrower may be qualified for the loan without the additional loan funds used for energy upgrades but must make a required minimum 3.5 percent cash investment in the property based on the lesser of sales price or appraised value. The cost of the energy improvements and estimate of the energy savings must be determined by a home energy rating, which may be financed as part of the cost-effective energy package. Energy improvements to an existing home may be installed within a limited time period after the insured loan has closed, depending on the program under which the mortgage is insured. Energy improvements to a newly constructed home must be installed prior to closing. The maximum mortgage amount for a single-family unit depends on its location and is adjusted annually.

Applicant Eligibility: One- to four-unit existing and new properties are eligible.

Legal Authority: Section 513 of the Housing and Community Development Act of 1992 (Public Law 102-550, approved October 28, 1992) (42 U.S.C. 1701z-16). Regulations are at 24 CFR 203.18(i).

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/eem/energy-r

Current Status: Active

Provides law enforcement officers, teachers, firefighters, and emergency medical technicians with the opportunity to purchase homes located in revitalization areas at a discount.

Nature of Program: The Good Neighbor Next Door program makes homes in designated revitalization areas available to law enforcement officers, teachers, firefighters, and emergency medical technicians prior to the homes being listed for sale to other purchasers. Each year, HUD sells a limited number of properties from its inventory at a 50 percent discount from the list price to eligible persons in the above professions. To make these homes even more affordable, eligible participants may apply for an FHA-insured mortgage with a downpayment of only $100. If the home needs repairs, the purchaser may also use FHA's Section 203(k) mortgage program. See Rehabilitation Loan Mortgage Insurance (Section 203(k)) section. HUD requires the mortgagor to execute a second mortgage and note for the discount amount. No interest or payments are required on this "silent second," provided the mortgagor fulfills the 36- month occupancy requirement. If the mortgagor defaults, the mortgage may become due and payable.

Applicant Eligibility: An eligible purchaser must be employed as a full-time law enforcement officer, teacher, firefighter, or emergency medical technician, and must certify that he or she intends to continue such employment for at least one year following the date of closing. The eligible purchaser does not need to be a first-time homebuyer. However, the purchaser (or spouse) cannot have owned another home for one year prior to the time a bid for purchase is submitted, and the purchaser must agree to live in the HUD home as the principal residence for 3 years.

Legal Authority: Section 204 of the National Housing Act (12 U.S.C. 1710). Regulations are at 24 CFR part 291, subpart F.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD Homeownership Centers (Atlanta, Philadelphia, Denver, Santa Ana).

On the Web: https://www.hud.gov/program_offices/housing/sfh/reo/goodn/gnndabot

https://www.hud.gov/program_offices/housing/sfh/nsc/gnndserv

Current Status: Active.

Mortgage insurance for reverse mortgages that provide borrowers, who are at least 62 years of age, the ability to convert some of the equity in their primary residences into monthly streams of income or lines of credit.

Nature of Program: Reverse mortgages provide a financing alternative for qualified elderly homeowners. Lenders who are authorized to originate loans under the Direct Endorsement (DE) program must submit acceptable test cases to be approved to originate HECMs.

Borrowers may choose either a fixed rate or adjustable rate HECM. All borrowers, regardless of the interest rate type selected, may only access the greater of 60 percent of the initial principal limit or mandatory obligations plus 10 percent of the initial principal limit during the first twelve-month period of the HECM.

Borrowers have several obligations after the loan closes, including occupancy requirements, payments of certain property and insurance charges, and property maintenance. The borrower retains ownership of the property and may sell the home and move at any time, keeping the sales proceeds in excess of the mortgage balance. Unless the HECM is due and payable for other reasons, the borrower cannot be forced to sell the home to pay off the mortgage balance, even if the mortgage balance grows to exceed the value of the property.

Applicant Eligibility: All borrowers must be at least 62 years of age, occupy the property as a principal residence, have financial resources to continue to make timely payment of ongoing property charges, and have participated in a mandatory HECM counseling session given by an FHA-approved HECM counselor. Any existing liens on the property must be paid off at settlement of the reverse mortgage. Borrowers must not be delinquent on any federal debt or a repayment plan must have been established by the borrower.

Legal Authority: Section 255 of the National Housing Act (12 U.S.C. 1715z-20). Regulations are at 24 CFR part 206.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/hecm/hecmabou

Current Status: Active.

Mortgage insurance for adjustable rate mortgages (ARMs).

Nature of Program: Under this HUD-insured mortgage, the interest rate and monthly payment may change during the life of the loan. The initial interest rate, discount points, and the margin are negotiated by the borrower and lender. This product is subject to all requirements of the Section 203(b) program (Mortgage Insurance for One- to Four-Family Homes), FHA's basic mortgage insurance program.

The one-year Treasury Constant Maturities Index is used for determining the interest rate changes. FHA lenders may offer ARMs that have interest rates that are fixed for the first one, 3, 5, 7, or 10 years of the mortgage. The interest rate for one-year and 3-year insured ARMs may not be increased or decreased by more than one percentage point per year after the fixedpayment period is over, with a maximum change of 5 percentage points over the life of the loan. For 5-year, 7-year, and 10-year ARMs, the interest rate may change a maximum of 2 percentage points annually and 6 percentage points over the life of the loan.

Lenders are required to disclose to borrowers the nature of the ARM loan at the time of loan application. In addition, borrowers must be informed at least 25 days in advance of any adjustment to the monthly payment.

Applicant Eligibility: All FHA-approved lenders may make adjustable rate mortgages; creditworthy applicants who will be owner-occupants may qualify for such loans.

Legal Authority: Section 251 of the National Housing Act (12 U.S.C. 1715z-16). Regulations are at 24 CFR 203.49.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/ins/251--df

Current Status: Active.

Insures loans to Native Hawaiians to purchase one- to four-family dwellings located on Hawaiian Home Lands, similar to Section 203(b) loans with certain exceptions.

Nature of Program: FHA's mortgage insurance provides opportunities to low- to moderateincome Native Hawaiians to purchase a home on Hawaiian Home Lands. Because a mortgage on Hawaiian Home Land property is taken on a homestead lease granted by the Department of Hawaiian Home Lands, many lenders have been reluctant to finance housing on Hawaiian Home Lands. With FHA insurance, the lender’s risk is minimized, and this program increases the availability of mortgage credit to Native Hawaiians to live on Hawaiian Home Lands. FHA's low downpayment requirements and flexible underwriting standards increase the ability of Native Hawaiians to meet the requirements for the loan. A "Native Hawaiian" means any descendant of not less than one-half part of the blood of the races inhabiting the Hawaiian Islands before January 1, 1778 (or, in the case of an individual who succeeds a spouse or parent in an interest in a lease of Hawaiian Home Lands, such lower percentage as may be established for such succession under Section 209 of the Hawaiian Homes Commission Act, 1920, or under the corresponding provision of the constitution of the state of Hawaii adopted under Section 4 of the Act entitled, "An Act to provide for the admission of the State of Hawaii into the Union," approved March 18, 1959).

Applicant Eligibility: Native Hawaiians wishing to live on Hawaiian Home Land and intending to use the mortgaged property as their primary residence are eligible to apply for mortgage insurance.

Legal Authority: Section 247 of the National Housing Act (12 U.S.C. 1715z-12). Regulations are at 24 CFR 203.43i.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/ins/sfh_hawaiian_home_lands

Current Status: Active.

Measures that allow lenders to effectively work with delinquent borrowers of FHA single-family loans to find solutions to avoid foreclosure.

Nature of Program: FHA's Loss Mitigation delegates to lenders both the authority and the responsibility to utilize certain actions and strategies to assist borrowers in default or imminent default to avoid foreclosure and, thereby, reduce losses to the insurance fund. There are several different kinds of loss mitigation options. The availability of and requirements for each type will vary according to the borrower’s circumstances and the program under which it is offered. After evaluating a delinquent mortgagor for informal and formal forbearance plans, FHA's loss mitigation options must be considered in the following order: (1) special forbearances; and (2) FHA Housing Affordable Modification Program (FHA-HAMP) loan modifications. If the borrower is unable or unwilling to support the mortgage debt, lenders/loan servicers must consider use of other loss mitigation tools, including a pre-foreclosure sale or a deed in lieu of foreclosure, before initiating legal action to foreclose the mortgage.

HUD encourages lenders/loan servicers to utilize loss mitigation by reimbursing administrative costs (title reports, recording fees) involved in these actions and by paying financial incentives. Though lenders have flexibility in selecting the loss mitigation strategy appropriate for each borrower, participation in the loss mitigation program for lenders is not optional. Prior to initiation of foreclosure, lenders are required to evaluate all defaulted borrowers for loss mitigation options eligibility, quickly activate appropriate loss mitigation options, provide housing counseling availability information, consider all reasonable means to assist the borrower in addressing the delinquency, and retain written documentation of compliance with loss mitigation requirements. Failure to comply may result in the loss of incentive compensation, interest curtailment, and other financial and administrative sanctions, including withdrawal of HUD's approval of a lender.

Applicant Eligibility: Borrowers in default or facing imminent default and who occupy the mortgaged property as a primary residence may be eligible for home retention loss mitigation options offered by their lender.

Legal Authority: Sections 204(a) and 230 of the National Housing Act (12 U.S.C. 1710(a) and 12 U.S.C. 1715u(a)). Regulations are at 24 CFR part 203.

Information Sources: HUD's National Servicing Center (Oklahoma City).

On the Web: https://www.hud.gov/program_offices/housing/sfh/nsc/lossmit

Current Status: Active.

Mortgage insurance for private lending institutions to finance the purchase of a new or used manufactured home.

Nature of Program: By protecting mortgage lenders against the risk of default, HUD encourages lenders to finance manufactured homes, which have traditionally been financed as personal property through comparatively high-interest, short-term consumer installment loans.

The program increases the availability of affordable financing and mortgages for buyers of manufactured homes and allows such buyers to finance their home purchase at a longer term and lower interest rate than with conventional loans. The borrower must agree to make the required down payment and meet credit guidelines. The interest rate is negotiated between the borrower and the lender. The borrower pays an upfront insurance premium, along with an annual premium based on the declining balance of the loan. The maximum loan term is 20 years and 32 days from the date of the loan for a manufactured housing loan.

Applicant Eligibility: Any person who meets credit requirements and is able to make the cash investment and the loan payments; however, the home must be the principal residence of the borrower and the borrower must have at least one-half interest in the home.

Legal Authority: Section 2 of Title I of the National Housing Act (12 U.S.C. 1703). Regulations are at 24 CFR part 201.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner.

On the Web: https://www.hud.gov/program_offices/housing/sfh/title/manuf14

Current Status: Active.

Mortgage insurance for victims of a major disaster who have lost their homes and in the process of rebuilding or buying another home.

Nature of Program: This program helps victims in Presidentially-Declared Major Disaster Areas (PDMDAs) recover by making it easier for them to obtain mortgage loans and become homeowners or reestablish themselves as homeowners. The program provides mortgage insurance to protect lenders against the risk of default on loans to qualified disaster victims. Individuals are eligible for this program if their previous residences (owned or rented) were located in PDMDAs and were destroyed or damaged to such an extent that reconstruction or replacement is necessary. Insured loans may be used to finance the purchase or reconstruction of a one-family dwelling that will be the principal residence of the homeowner. This program resembles the Section 203(b) program (Mortgage Insurance for One- to Four-Family Homes), FHA's basic mortgage insurance program.

Section 203(h) offers features that make homeownership easier. For example, no downpayment is required, the borrower is eligible for 100 percent financing, and closing costs and prepaid expenses must be paid by the borrower in cash or paid through premium pricing by the seller, subject to a limitation on seller concessions. Lenders also collect from the borrowers an up-front insurance premium (which may be financed) at the time of purchase, as well as monthly premiums that are not financed, but are added to the regular mortgage payment.

Applicant Eligibility: Any person whose home has been destroyed or severely damaged in a PDMDA is eligible to apply for mortgage insurance under this program, even if they were renting the property. The borrower’s application for mortgage insurance must be submitted to an FHA-approved lending institution within one year of the PDMDA declaration.

Legal Authority: Section 203(h) of the National Housing Act (12 U.S.C. 1709(h)). Regulations are at 24 CFR part 203.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/ins/203h-dft

Current Status: Active.

Mortgage insurance for purchasing or refinancing a primary residence.

Nature of Program: Homebuyers may obtain FHA-insured financing from FHA-approved lenders to purchase new or existing one- to four-family homes (including condominium units) with low down payments or to refinance existing debt on such properties. HUD insures loans made by private lenders which are HUD-approved. By insuring lenders against loss, FHA encourages them to invest capital in the home mortgage market. The loan may finance homes in both urban and rural areas.

HUD sets limits on the mortgage amount that may be insured, and FHA publishes updated limits periodically. The current FHA mortgage limit can be found online at HUD's website and can vary depending on geographic location. Higher limits also exist for two- to four-family properties. The loan limits may change annually based on home price estimates. The limits are benchmarked to the loan limits of the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac. The lender collects from the borrower an up-front mortgage insurance premium payment, which may be financed, at the time of loan closing, as well as annual premiums that are not financed, but included in the regular mortgage payment.

Applicant Eligibility: Any person intending to use the mortgaged property as their primary residence is eligible to apply for an FHA-insured mortgage through FHAapproved lenders.

Legal Authority: Sections 203(b) and 214 of the National Housing Act (12 U.S.C. 1709(b) and 12 U.S.C. 1715d). Condominium units were authorized for FHA insurance under 203(b) by the Housing and Economic Recovery Act of 2008 (HERA) (Public Law 110-289, approved July 30, 2008). Regulations are at 24 CFR part 203.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/ins/203b--df

To locate a HUD-approved lender on the Web: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist

Condominium program website: https://www.hud.gov/program_offices/housing/sfh/ins/sfh_ins_condominiums

To determine the maximum mortgage amount by county: https://entp.hud.gov/idapp/html/hicostlook.cfm

Current Status: Active.

Mortgage insurance for loans made to Native Americans to buy, build, or rehabilitate houses on Indian land; fundamentally the same as Section 203(b) loans.

Nature of Program: FHA's mortgage insurance provides opportunities for low- and moderateincome Native Americans to purchase an existing home (including a manufactured or mobile home, providing it meets certain FHA requirements) or to build a new home in their communities on Indian land. A homeowner who purchases a house under this program can apply for financing through an FHA-approved lending institution.

Because of the complex title issues on Indian land, many lenders have been reluctant to provide financing for housing. With FHA insurance, the lender’s risk is minimized, and this program increases the availability of mortgage credit to Native Americans living on Indian land. FHA's lower down payment requirements as compared to the conventional lending market and flexible underwriting standards increase the ability of Native Americans to meet the requirements of section 248 of the National Housing Act.

Applicant Eligibility: Native Americans who meet FHA eligibility requirements, wish to live on Indian land, and intend to use the mortgaged property as their principal residence Legal Authority: Section 248 of the National Housing Act (12 U.S.C. 1715z-13). Regulations are at 24 CFR 203.43h.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/ins/sfh248

Current Status: Active.

Mortgage insurance for loans to finance property improvements.

Nature of Program: FHA insures loans to finance improvements, alterations, and repairs of individual homes, apartment buildings, and nonresidential structures, as well as new construction of nonresidential buildings. Loans on single family homes (except manufactured homes) and nonresidential structures may be for up to $25,000 and may extend to 20 years and 32 days from the date of the loan. Loans on apartment buildings may be as high as $12,000 per unit, but the total for the building cannot exceed $60,000, and the loan term cannot exceed 20 years and 32 days from the date of the loan. These are fixed-rate loans, for which lenders charge interest at market rates. The interest rates are not subsidized by FHA, although some communities participate in local housing rehabilitation programs that provide reduced-rate property improvement loans through Title I lenders. A property improvement loan on a manufactured home that is classified as real property may be up to $17,500, with the maximum term at 15 years and 32 days from the date of the loan, and property improvement loans on other manufactured homes (not classified as real property) are limited to $7,500, with the maximum term limit at 12 years and 32 days from the date of the loan. FHA insures private lenders against the risk of default for up to 90 percent of any single loan. The annual premium for this insurance is 1.00 percent of the amount advanced multiplied by the number of years of the loan; although this fee may be charged to the borrower separately, it is sometimes covered by a higher interest charge.

Applicant Eligibility: To be eligible for a property improvement loan (other than a manufactured home improvement loan), the borrower must have at least a 50 percent ownership in the property to be improved. To be eligible for a manufactured home improvement loan, the borrower must have at least a 50 percent interest in the manufactured home, and the home must be the principal place of residence of the borrower.

Legal Authority: Section 2 of Title I of the National Housing Act (12 U.S.C. 1703). Regulations are at 24 CFR part 201.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner.

On the Web: https://www.hud.gov/program_offices/housing/sfh/title/title-i

Current Status: Active.

Mortgage insurance to finance the rehabilitation or purchase and rehabilitation of one- to fourfamily structures.

Nature of Program: This is HUD's primary program for the rehabilitation and repair of single family properties. A loan can be used to (1) finance rehabilitation of an existing property; (2) finance rehabilitation and refinancing of the outstanding indebtedness of a property; and (3) finance purchase and rehabilitation of a property. While the maximum repair threshold has been eliminated, the total loan amount must still fall within the FHA mortgage limit for the area. The loan amount is limited by the lesser of (1) the value of the property before rehabilitation plus the cost of rehabilitation, or (2) 110 percent of the appraised value of the property after rehab. In certain circumstances, a unit of local government may be able to demonstrate to the Commissioner that the loan limitations should not apply. The Streamlined 203(k) Limited Repair program permits homebuyers to finance up to $35,000 into their mortgage for simple home improvements. Unlike the standard 203(k) insurance program, the Streamlined 203(k) does not require oversight by a 203(k) consultant. With this product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.

Applicant Eligibility: All homeowners that can make the monthly mortgage payments are eligible to apply. Cooperative units are not eligible. Currently, individual condominium units may be insured if they are in projects that have been approved by FHA and there are 4 or fewer units in the building. To be eligible, the property must be a one- to four-family dwelling that has been completed for at least one year. There are other eligibility requirements for the use of the 203(k) loan in a condominium unit.

Legal Authority: Section 203(k) of the National Housing Act (12 U.S.C. 1709(k)). Regulations are in 24 CFR 203.50.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/sfh/203k/203k--df

https://www.hud.gov/program_offices/housing/sfh/203k

Current Status: Active.

Makes surplus federal properties available through sale at less than fair market value to states, their subdivisions and instrumentalities, and nonprofit organizations.

Nature of Program: The property must be used for self-help housing for low-income persons. Residents of the property must make a substantial contribution of labor toward the construction, rehabilitation, or refurbishment of the property. HUD has the right to take the property back if it is not used in accordance with program requirements.

Applicant Eligibility: State, a political subdivision or instrumentality of a state, or a nonprofit organization that exists for the primary purpose of providing housing or housing assistance for low-income individuals or families.

Legal Authority: 40 U.S.C. 550(f)(3).

Information Sources: Office of the Deputy Secretary. Information on a specific property is available from the General Services Administration.

On the Web: https://www.hud.gov/hudprograms/shhpd

http://disposal.gsa.gov/PBC#selfhelp

Current Status: Active.

Disposes of one- to four-family properties acquired by FHA through foreclosure of an insured or Secretary-held mortgage loan under the National Housing Act.

Nature of Program: This program disposes of FHA-acquired single-family properties containing one to four units in a manner that expands homeownership opportunities, strengthens neighborhoods and communities, and ensures a maximum return to the mortgage insurance funds. Listings of properties in inventory are available on the HUD Home Store website. Individual parties may submit an offer through the HUD Home Store website or a real estate broker registered with HUD. Nonprofit and government entities may purchase properties at a discount without a real estate broker.

Applicant Eligibility: Individual bidders are eligible if they can finance their home purchase and provide an earnest money deposit with their bids. Nonprofit and government entities are eligible for special programs, as detailed on HUD's website.

Legal Authority: Section 204(g) of the National Housing Act (12 U.S.C. 1710(g)). Regulations are at 24 CFR part 291.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner; HUD Homeownership Centers (Atlanta, Philadelphia, Denver, Santa Ana).

For listings of properties in inventory: http://www.hudhomestore.com/Home/Index.aspx

Current Status: Active.

Servicers assign eligible, defaulted single family mortgage loans to FHA in exchange for claim payment, after which FHA terminates its insurance and pools and sells the loans either in competitive auctions to qualified bidders or, on a limited basis, directly to units of state and local government.

Nature of Program: FHA's Single Family Loan Sales program began in 2010 and was renamed DASP in 2012.

DASP sales have had a national scope or have been focused on a state or Metropolitan Statistical Area(s), with a neighborhood stabilization focus. To participate in DASP, an FHA servicer may submit loans for a sale if certain eligibility criteria are met, including that the borrower is delinquent on his or her mortgage for the period set forth in the DASP contract documents, and the servicer has exhausted all steps in the FHA loss mitigation process.

Generally, DASP loans are sold competitively at a discount, which may give the purchaser the financial flexibility to pursue foreclosure avoidance measures, including offering modifications with more affordable terms, that would have been otherwise unavailable. In addition, the sales contract requires a delay in foreclosure for a period after purchase, providing a time during which the purchaser and borrower may find a solution to avoid foreclosure. Applicant Eligibility: Interested purchasers must satisfy HUD's qualification requirements, as set forth in the applicable DASP Qualification Statement.

Legal Authority: Sections 204(a) and (g) of the National Housing Act (12 U.S.C. 1710). Regulations are at 24 CFR part 291.

Information Sources: HUD's Office of Asset Sales.

On the Web: https://www.hud.gov/sites/documents/FINAL_DASP_FACT_SHEET.PDF

For asset loan sales information: https://www.hud.gov/program_offices/housing/comp/asset/hsgloan

Current Status: Active.

Federal standards for design, construction, and installation of manufactured homes to assure the quality, durability, safety, and affordability of manufactured homes.

Nature of Program: HUD issues and enforces appropriate standards for the construction, design, performance, and installation of manufactured homes to assure their quality, durability, affordability, and safety. The construction and safety standards preempt state and local laws that are not identical to the federal standards; they apply to all manufactured homes produced after June 15, 1976. HUD may enforce these standards directly or through various states that have established state administrative agencies in order to participate in the program. HUD may inspect factories and retailer lots and review records to enforce such standards. If a manufactured home does not conform to federal standards, the manufacturer must take certain actions, including possibly notifying the consumer and correcting the problem.

The statute generally prohibits selling, leasing, or offering for sale or lease homes that do not meet the standards. Civil and criminal penalties may be sought for violations of the statute.

Applicant Eligibility: The standards do not involve program participation, but they apply to all manufactured home producers and retailers that use any means of transportation or communication that affects interstate commerce in their operations.

Legal Authority: National Manufactured Housing Construction and Safety Standards Act of 1974 (42 U.S.C. 5401-5426) (42 U.S.C. 5425 has been repealed). Regulations are at 24 CFR parts 3280, 3282, 3284, 3285, 3286, 3288, and 3800.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner.

On the Web: https://www.hud.gov/program_offices/housing/rmra/mhs/mhshome

Current Status: Active.

Grants to private, nonprofit owners of eligible developments to convert some or all of the dwelling units in the development into an assisted living facility or service-enriched housing for the frail elderly.

Nature of Program: This program provides funding for the physical costs of converting some or all units in an eligible development into an assisted-living facility or service-enriched housing, including the unit configuration, common and services space, and any necessary remodeling consistent with HUD’s or the state’s statute or regulations (whichever is more stringent). These facilities are designed to accommodate frail elderly, individuals with disabilities, and elderly persons with functional limitations who can live independently but need assistance with activities of daily living (e.g., assistance with eating, bathing, grooming, dressing, and home management activities). Under this program, funded facilities must provide supportive services, such as personal care, transportation, meals, housekeeping, or laundry. For housing being converted to an assisted-living facility, the facility must be licensed and regulated by the state (or, if there is no state law providing such licensing and regulation, by the municipality or other subdivision in which the facility is located).

Applicant Eligibility: Private nonprofit owners of Section 202, Section 8 project-based (including Rural Housing Services Section 515), Section 221(d)(3) Below Market Interest Rate, and Section 236 housing developments that are designated primarily for occupancy by the elderly. Furthermore, the existing project must have completed final closing and must have been in occupancy for at least five years from the date of the HUD approved form HUD-92485 (Permission to Occupy Project Mortgage).

Legal Authority: Section 202b of the Housing Act of 1959 (12 U.S.C. 1701q-2).

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/alcp

Current Status: Active.

Preserves long-term low-income housing affordability by restructuring FHA-insured or HUDheld mortgages for eligible multifamily housing projects.

Nature of Program: The Mark-to-Market (M2M) program is designed to preserve low-income rental housing affordability while reducing the long-term costs of federal rental assistance, including project-based assistance from HUD, for certain multifamily rental projects. The projects involved are projects with (1) FHA-insured or previously FHA-insured, now Secretaryheld, mortgages; and (2) contracts for project-based rental assistance from HUD, primarily through the Section 8 program, for which the average rents for assisted units exceed the rent of comparable properties. The program objectives are to (1) preserve housing affordability while reducing the costs of project-based assistance; (2) restructure the HUD-insured or previously FHA-insured, now Secretary-held financing so that the monthly payments on the first mortgage can be paid from the reduced rental levels; (3) reduce the costs of insurance claims; and (4) ensure competent management of the project. The M2M program also offers financial incentives to owners for greening their portfolio (such as making water and energy efficient improvements and using sustainable building materials and products to achieve reduced water and energy consumption). The restructured project is subject to long-term use and affordability restrictions.

Legal Authority: Multifamily Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f note). Regulations are at 24 CFR parts 401 and 402.

Information Source: Assistant Secretary for Housing-Federal Housing Commissioner.

On the Web: https://www.hud.gov/program_offices/housing/mfh/presrv/presmfh/aboutm2m

Current Status: Active.

Mortgage insurance to finance cooperative housing projects.

Nature of Program: FHA insures mortgages made by private lending institutions on cooperative housing projects of five or more dwelling units to be occupied by members of nonprofit cooperative ownership housing corporations. These loans may finance new construction, rehabilitation, acquisition, improvement, or repair of a project already owned, and resale of individual memberships; construction of projects composed of individual family dwellings to be bought by individual members with separate insured mortgages; and construction or rehabilitation of projects that the owners intend to sell to nonprofit cooperatives.

Applicant Eligibility: Nonprofit cooperative ownership housing corporations or trusts organized to construct homes for members of the corporation or beneficiaries of the trust; and qualified sponsors who intend to sell the project to a nonprofit corporation or trust.

Legal Authority: Section 213 of the National Housing Act (12 U.S.C. 1715e). Regulations are at 24 CFR part 200, subpart A, and part 213.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner; HUD Multifamily Hubs, Regional Centers, Satellite Offices, and Program Centers.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/progsec213

Current Status: Active.

Mortgage insurance to finance construction or rehabilitation of manufactured home parks.

Nature of Program: FHA insures mortgages made by private lending institutions to help finance construction or rehabilitation of manufactured home parks consisting of five or more spaces. The park must be located in an area approved by HUD in which market conditions show a need for such housing.

Applicant Eligibility: Investors, builders, developers, cooperatives, and others meeting HUD's requirements may apply to an FHA-approved lending institution after conferring with the local HUD office.

Legal Authority: Section 207 of the National Housing Act (12 U.S.C. 1713). Regulations are at 24 CFR part 200, subpart A, and part 207 (for mortgages insured prior to 1996).

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD Multifamily Hubs, Regional Centers, Satellite Offices, and Program Centers.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/homepark207

Current Status: Active.

Mortgage insurance for the purchase or refinancing of existing multifamily rental housing.

Nature of Program: FHA insures mortgages under Section 207 of the National Housing Act pursuant to Section 223(f) of the same Act to purchase or refinance existing multifamily and healthcare projects originally financed with or without federal mortgage insurance. HUD may insure mortgages on existing multifamily projects under this program that do not require substantial rehabilitation. A project must contain at least five units, and construction or substantial rehabilitation must have been completed for 3 years or more.

Applicant Eligibility: Investors, builders, developers, and others who meet HUD requirements.

Legal Authority: Sections 207 and 223(f) of the National Housing Act (12 U.S.C. 1713 and 12 U.S.C. 1715n(f)). Regulations are at 24 CFR part 200, subpart A, and part 207.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner; HUD Multifamily Hubs, Regional Centers, Satellite Offices, and Program Centers.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/purchrefi223f and

http://portal.hud.gov/hudportal/HUD?src=/federal_housing_administration/healthcare_facilities

Current Status: Active.

Mortgage insurance to finance the construction or rehabilitation of multifamily rental housing for the elderly and/or persons with disabilities.

Nature of Program: To assure a supply of rental housing suited to the needs of the elderly or persons with disabilities, FHA insures mortgages made by private lending institutions to build or rehabilitate multifamily projects consisting of eight or more units. FHA may insure up to 100 percent of the Federal Housing Commissioner’s estimate of value after completion for nonprofit and public mortgagors, but only up to 90 percent for private mortgagors. Congregate care projects with central kitchens providing food service are not eligible.

Applicant Eligibility: Investors, builders, developers, public bodies, and nonprofit sponsors may qualify for mortgage insurance. All elderly (62 or older) and/or persons with disabilities are eligible to occupy units in a project insured under this program.

Legal Authority: Section 231 of the National Housing Act (12 U.S.C. 1715v). Regulations are at 24 CFR part 200, subpart A, and part 231.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner; HUD Multifamily Hubs, Regional Centers, Satellite Offices, and Program Centers.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/progsec231

Current Status: Active

Mortgage insurance for housing in urban renewal areas, areas in which concentrated revitalization or code enforcement activities have been undertaken by local government, or to alter, repair, or improve housing in those areas.

Nature of Program: FHA insures mortgages on new or rehabilitated homes or multifamily structures located in designated urban renewal areas and areas with concentrated programs of code enforcement and neighborhood development. Insured mortgages may be used to finance construction or rehabilitation of detached, semidetached, row, walk-up, or elevator-type rental housing or to finance the purchase of properties that have been rehabilitated by a local public agency. Properties must consist of two or more units and be located in an urban renewal area, an urban development project, code enforcement program area, urban area receiving rehabilitation assistance as a result of natural disaster, or area where concentrated housing, physical development, or public service activities are being carried out in a coordinated manner.

The program has statutory mortgage limits, which may vary according to the size of the unit, the type of structure, and the location of the project. There are also loan-to-replacement cost and debt service limitations. The maximum amount of the mortgage loan may not exceed 90 percent of the estimated replacement cost for new construction. For substantial rehabilitation projects, the maximum mortgage amount is 90 percent of the estimated cost of repair and rehabilitation and the estimated value of the property before the repair and rehabilitation project. The maximum mortgage term is 40 years, or not in excess of three-fourths of the remaining economic life of the project, whichever is less.

Applicant Eligibility: Investors, builders, developers, individual homeowners, and apartment owners.

Legal Authority: Section 220 of the National Housing Act (12 U.S.C. 1715k). Regulations are at 24 CFR part 200, subpart A, and part 220.

Information Sources: Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner; HUD Multifamily Hubs, Regional Centers, Satellite Offices, and Program Centers.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/progsec220

Current Status: The Multifamily program is active. The Single Family program,Supplemental Loan program, and 221(d)(3) program are not active.

Mortgage insurance to finance improvements and additions to, and equipment for, multifamily rental housing and healthcare facilities.

Nature of Program: FHA insures loans made by lenders to pay for improvements or additions to apartment projects, nursing homes, and residential care facilities including assisted living, intermediate care facilities, and board and care facilities, as well as hospitals, or grouppractice facilities that already carry FHA-insured or FHA-held mortgages. Projects may also obtain FHA insurance on loans to preserve, expand, or improve housing opportunities, to provide fire and safety equipment, or to finance energy conservation improvements to conventionally financed projects. Major movable equipment for nursing homes, group practice facilities, or hospitals also may be covered by a mortgage under this program.

Applicant Eligibility: Qualified owners and purchasers of multifamily projects and owners of healthcare facilities.

Legal Authority: Section 241 of the National Housing Act (12 U.S.C. 1715z-6). Regulations are at 24 CFR part 200, subpart A, and part 241.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD Multifamily Hubs, Regional Centers, Satellite Offices, and Program Centers for rental projects; Office of Healthcare Programs for healthcare facilities.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/progsec241a

and https://www.hud.gov/federal_housing_administration/healthcare_facilities

Current Status: Active.

Assistance to elderly individuals and persons with disabilities living in federally assisted multifamily housing to obtain needed supportive services.

Nature of Program: This program provides funding for service coordinators who assist elderly individuals and persons with disabilities, living in federally assisted multifamily housing and in the surrounding area, to obtain needed supportive services from community agencies. HUD provides funding through three mechanisms: (1) a national competition with other properties for a limited amount of grant funding, (2) the use of the development’s residual receipts or excess income, or (3) budget-based rent increases.

Applicant Eligibility: Owners of Section 202, Section 8 project-based (including Rural Housing Services Section 515), Section 221(d)(3) Below Market Interest Rate, and Section 236 housing developments that are designated primarily for occupancy by the elderly or persons with disabilities.

Legal Authority: Section 808 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8012).

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/mfh/scp/scphome

Current Status: Active.

Two multifamily mortgage credit programs under which Fannie Mae, Freddie Mac, and state and local housing finance agencies share the risk and the mortgage insurance premium on multifamily housing.

Nature of Program: Under the multifamily mortgage risk-sharing programs, HUD is authorized to enter into reinsurance agreements with Fannie Mae, Freddie Mac, qualified financial institutions (QFIs), and the Federal Housing Finance Board. The agreements provide for risksharing on a 50-50 basis. Currently, only Fannie Mae and Freddie Mac have active risk-sharing programs which encourage the development and preservation of affordable housing. This program was developed as a demonstration program to test innovative mortgage insurance and reinsurance products to provide affordable multifamily housing through a partnership between the Qualified Participating Entities (QPEs) and HUD. A QPE and/or its approved lenders may originate and underwrite affordable housing loans. If there is a default, the QPE will pay all costs associated with loan disposition and will seek reimbursement from HUD. The HUD risk share will be 50 percent pro rata. HUD's mortgage credit enhancements are used to support the underwriting and production strengths of Fannie Mae, Freddie Mac, and other qualified Federal, state, and local public financial and housing institutions.

Section 542(c) enables HUD to carry out a program in conjunction with qualified state and local housing finance agencies (HFAs) to provide federal credit enhancement for affordable multifamily housing loans through a system of risk-sharing agreements. Agreements provide for risk-sharing between 10 percent and 90 percent.

The Fiscal Year 2001 Appropriations Act changed the program from a pilot program into a permanent insurance authority.

Applicant Eligibility: Qualified Participating Entities and Housing Finance Agencies.

Legal Authority: Section 542 of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-22).

Regulations are at 24 CFR part 266 for the Section 542(c) program. Section 542(b) is implemented through a housing notice and negotiated agreements without regulations.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; and for Section 542(c), state housing finance agencies.

On the Web:https://www.hud.gov/program_offices/housing/mfh/progdesc/progsec542b

https://www.hud.gov/program_offices/housing/mfh/progdesc/riskshare542c

Current Status: Active.

Mortgage insurance to finance rental or cooperative multifamily housing for moderate-income households, including projects designated for the elderly. Section 221(d)(3) and (4) are HUD's major insurance programs for new construction or substantially rehabilitated multifamily rental housing.

Nature of Program: FHA insures mortgages made by private lending institutions to help finance construction or substantial rehabilitation of multifamily (five or more units) rental or cooperative housing for moderate-income or displaced families. Projects in both cases may consist of detached, semi-detached, row, walk-up, or elevator structures. Single Room Occupancy projects may consist of units that do not contain a complete kitchen or bath.

Currently, the principal difference between the programs is that HUD may insure up to 100 percent of replacement costs in the case of new construction under Section 221(d)(3) for public, nonprofit and cooperative mortgagors, but only up to 90 percent under Section 221(d)(4), irrespective of the type of mortgagor. Beginning in Fiscal Year 2013, HUD suspended the Section 221(d)(3) program unless the project to be financed also receives Low Income Housing Tax Credits (LIHTC).

Applicant Eligibility: Section 221(d)(3) is primarily available to public, nonprofit, and cooperative mortgagors. Section 221(d)(4) mortgages are primarily available to profit-motivated sponsors.

Legal Authority: Section 221 of the National Housing Act (12 U.S.C. 17151). Regulations are at 24 CFR part 200, subpart A, and part 221, subparts C and D.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/rentcoophsg221d3n4

https://www.hud.gov/program_offices/housing/mfh/progdesc/progsec221d4

Current Status: Active.

Through Project-Based Section 8 Rental Assistance, HUD assists more than 1.2 million extremely low-, low- and very low-income families in obtaining decent, safe, and sanitary housing.

Nature of Program: HUD renews Section 8 project-based housing assistance payments ("HAP") contracts with owners of multifamily rental housing. The project-based rental assistance makes up the difference between what an extremely low-, low-, or very low-income household can afford and the approved rent for an adequate housing unit in a multifamily project. Eligible tenants must pay the highest of 30 percent of adjusted income, 10 percent of gross income, or the portion of welfare assistance designated for housing.

Originally, the assistance was provided in connection with new construction or substantial rehabilitation or to support existing projects. Authority to use project-based rental assistance in connection with new construction or substantial rehabilitation was repealed in 1983. While funding is no longer available for new commitments, funding is available for the renewal of Section 8 HAP contracts for units already assisted with project-based Section 8 assistance.

Applicant Eligibility: Owners are limited by statute to any private person or entity, including a cooperative, an agency of the federal government, or a public housing agency, having the legal right to lease or sublease the dwelling units. The income eligibility requirements limit occupancy to very low-income families (i.e. families whose incomes do not exceed 50 percent of the area median income), which includes extremely low-income families (i.e. families whose income does not exceed 30 percent of the area median income). A limited number of available units may be rented to low-income families (i.e. families whose incomes do not exceed 80 percent of area median income).

Legal Authority: For the renewal of Section 8 project-based assistance, see sections 515 and 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f note) and 24 CFR parts 401 and 402. For Section 8 requirements, see Section 8 regulations at 24 CFR parts 5, 880, 881, 883-884, and 886, and part 891 subpart E.

Information Sources: HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/mfh/mfhsec8

Current Status: Active. The program is active for administration and the renewal of existing project-based Section 8 contracts. Renewals are funded on an annual basis through appropriations acts.

Capital advances and contracts for project rental assistance to expand the supply of affordable housing with voluntary supportive services for very-low income elderly persons and funding for enhanced services and research on the supportive services model.

Nature of Program: To expand the supply of affordable housing with voluntary supportive services for very-low income elderly persons, the Section 202 program provides capital advances and project rental assistance contracts to eligible applicants. Section 202 capital advance funds must be used to finance the development of housing through new construction, rehabilitation, or acquisition with or without rehabilitation. Capital advance funds may be used in combination with other non-Section 202 funding sources leveraged by a single purpose and single-asset forprofit limited partnership (of which a private nonprofit organization or a corporation wholly owned and controlled by a private nonprofit organization is the sole general partner) to develop a mixed-finance project. Capital advance funds bear no interest and repayment is not required as long as the housing remains available for occupancy by very low-income elderly persons for at least 40 years.

To ensure affordability, project rental assistance funds are provided to cover the difference between the HUD-approved operating costs and the amount the residents pay (each resident pays 30 percent of adjusted income). Project rental assistance contracts are approved initially for three years and are renewable based on the availability of funds. Project rental assistance funds may also be used to provide supportive services and to hire a service coordinator. The supportive services must be appropriate to the varying needs of the elderly residents and must allow for persons to age-in-place and live independently.

The Supportive Services Demonstration for Elderly Households in HUD-Assisted Multifamily Housing makes funding available for private owners and agents to provide enhanced service coordination (through a Resident Wellness Director and Wellness Nurse) to low-income persons and to participate in a research study. The funds will cover the costs of the Resident Wellness Director and Wellness Nurse for three years to coordinate health and social services for persons aged 62 and older. At least 80 owner participants are provided a modest financial incentive to assist with the rigorous evaluation associated with the study.

Applicant Eligibility: For the Section 202 program, private, nonprofit organizations and consumer cooperatives may qualify for assistance, and may partner with private, for-profit entities so long as the sole general partner is a nonprofit organization that meets the statutory requirements. Occupancy for Section 202 projects is open to very low-income households which include at least one person 62 years of age or older.

Legal Authority: Section 202 of the Housing Act of 1959 (12 U.S.C. 1701q) and the Consolidated Appropriations Act, 2014 (Public Law 113-76, approved January 17, 2014). Regulations are at 24 CFR part 891.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/eld202

https://www.hud.gov/program_offices/housing/mfh/grants/section202ptl

Current Status: HUD is currently only administering funding for project rental assistance under Section 202. The demonstration program is currently active but the application deadline has expired.

Assistance for housing and voluntary supportive services for persons with disabilities, and promotion of community integration for low- and extremely-low income people with disabilities.

Nature of Program: The Section 811 program provides very low- and extremely low-income persons with disabilities options that allow them to live independently with the availability of voluntary support activities such as cleaning, cooking, transportation, etc. Capital advances are made to eligible private, nonprofit sponsors and, in cases of mixed-finance, for-profit limited partnerships where the sole general partner is (i) a nonprofit organization or (ii) a for-profit corporation controlled by a nonprofit organization to finance the development of rental housing with supportive services for persons with disabilities. The advance is interest-free and does not have to be repaid so long as the housing remains available for very low- or extremely lowincome persons with disabilities for at least 40 years.

Under the Section 811 PRA program, HUD also provides project rental assistance to state housing agencies, which covers the difference between the HUD-approved operating cost of the project and the tenants’ contributions toward rent. PRA funds are awarded to state housing agencies that set aside units in affordable housing projects whose capital costs are funded through Federal Low-Income Housing Tax Credits, Federal HOME funds, or other state, Federal and local funding sources. No more than 25 percent of the total dwelling units in a multifamily housing project can receive PRA funds, be used for supportive housing for persons with disabilities, or be subject to any occupancy preference for persons with disabilities. State housing agency grantees are required to partner with state Medicaid and health and human services agencies that have developed methods for the identification, outreach, and referral of extremely low-income people with disabilities to PRA units and ensure their access to long-term services and supports in the community.

Applicant Eligibility: Nonprofit organizations with a Section 501(c)(3) IRS tax exemption may qualify for assistance, and may partner with private, for-profit entities so long as the sole general partner is a nonprofit organization that meets the statutory requirements. Occupancy is open to very low- and extremely low-income persons with disabilities who are at least 18 years old and less than 62 years of age. For PRA-funded projects, residents must be very low or extremely low-income with at least one adult member with a disability.

Legal Authority: Section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013). Regulations are at 24 CFR part 891.

Information Sources: Assistant Secretary for Housing—Federal Housing Commissioner; HUD field offices.

On the Web: https://www.hud.gov/program_offices/housing/mfh/progdesc/disab811

https://www.hudexchange.info/programs/811-pra/

Current Status: For Fiscal Year 2018, HUD has been authorized to provide new capital advances in addition to administering funding for project rental assistance under Section 811.

Mortgage insurance to finance construction or rehabilitation of public or private nonprofit and proprietary hospitals, including major movable equipment.

Nature of Program: FHA insures mortgages made by private lenders to facilitate the construction or renovation of acute care hospitals. Clients range in size from large urban teaching hospitals to small rural hospitals. Critical Access Hospitals (hospitals with 25 beds or less which have received designation by states and the Department of Health and Human Services) are also eligible. Facilities must be properly licensed, provide primarily acute patient care, and be able to demonstrate the need for the project. Key program criteria include a maximum loan amount of 90 percent of HUD's estimate of the replacement cost of the hospital, including the equipment to be used in its operation when the proposed improvements are completed and the equipment is installed, a loan term of 25 years, and a mortgagor contribution to a mortgage reserve fund. Existing hospital projects are also eligible for refinancing.

Applicant Eligibility: Public, proprietary, and nonprofit acute care hospitals licensed or regulated by the state.

Legal Authority: Section 242 of the National Housing Act (12 U.S.C. 1715z-7). Regulations are at 24 CFR part 200, subpart A, and part 242.

Information Sources: Office Healthcare Programs (877) 458-4342.

On the Web: http://portal.hud.gov/hudportal/HUD?src=/federal_housing_administration/healthcare_facilities

http://portal.hud.gov/hudportal/documents/huddoc?id=46151HSGH.pdf

Current Status: Active

Mortgage insurance to finance the purchase, construction, or rehabilitation of nursing, assistedliving, intermediate care, board and care facilities, and fire safety equipment.

Nature of Program: FHA insures mortgages made by private lending institutions to finance construction or renovation of facilities with patients requiring skilled nursing care and related medical services, or those in need of minimum but continuous care provided by licensed or trained personnel. Assisted living facilities and board and care facilities may contain no fewer than five onebedroom or efficiency units. Nursing home, intermediate care, and board and care services may be combined in the same facility covered by an insured mortgage or may be in separate facilities. Major equipment needed to operate the facility may be included in the mortgage. Facilities for day care may be included. Existing projects are also eligible for purchase or refinancing with or without repairs (and not requiring substantial rehabilitation) under section 223(f). Nursing home operators are subject to new regulations adopted in 2012.

Applicant Eligibility: Proprietary facilities, facilities of non-profit corporations or associations, and, in the case of nursing homes and assisted living, public facilities, that are licensed or regulated by the state to accommodate convalescents and persons requiring skilled nursing care or intermediate care, and which are owned by single-asset owners, may qualify for mortgage insurance. Patients requiring skilled nursing, intermediate care, assisted living and/or board and care are eligible to live in these facilities.

Legal Authority: Sections 232 (12 U.S.C. 1715w) and 223(f) (12 U.S.C. 1715n(f)) of the National Housing Act Regulations are at 24 CFR part 200, subpart A, and part 232.

Information Sources: Office of Healthcare Programs.

On the Web: https://www.hud.gov/federal_housing_administration/healthcare_facilities

Current Status: Active

Grants to HUD-approved housing counseling agencies and their affiliates to facilitate housing counseling services for clients purchasing or renting a home and experiencing financial and housing needs.

Nature of Program: The Housing Counseling Program provides grants to HUD-approved counseling agencies and affiliates and branches thereof to counsel current and prospective homebuyers, homeowners, and tenants. There are three types of counseling agencies: Local Housing Counseling Agencies, Multi-State Organizations and Intermediaries. Counseling consists of information on the purchase and rental of housing, money management, budgeting, credit counseling, foreclosure or eviction prevention, home maintenance, fair housing laws, and requirements and guidance regarding the Home Equity Conversion Mortgage program requirements. The objective of the counseling is to help homebuyers, homeowners, and tenants to improve their housing conditions and to meet their responsibilities.

HUD awards housing counseling grants on a competitive basis to its approved agencies through an annual Notice of Funding Availability (NOFA) subject to annual appropriations. The funding helps the approved agencies partially meet their operating expenses. There are three types of awardees: Local Housing Counseling Agencies, Multi-State Organizations and Intermediaries. The Office of Housing Counseling also certifies housing counselors and develops standards, materials, and training for counselor certifications, and certifies software systems for consumers to compare various mortgage products. In addition, a federal advisory committee assists the Office of Housing Counseling with strategic planning and policy guidance.

Applicant Eligibility: HUD-approved housing counseling agencies and their subgrantees and affiliates and state Housing Finance Agencies.

Legal Authority: Section 106 of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x). Regulations are at 24 CFR part 214 and 24 CFR 206, Subpart E.

Information Sources: Assistant Secretary for Housing-Federal Housing Commissioner; HUD field offices. To locate a HUD-approved housing counselor in a specific area, call (800) 569- 4287 or go online to http://www.hud.gov/findacounselor .

On the Web: https://www.hudexchange.info/programs/housing-counseling/program-description/

Current Status: Active.