Multifamily Cooperative Refinancing and Conversion Program
HUD · hud-other · Published 1995-02-23 · 60 FR 10016
Document
Document number
95-4366
Federal Register citation
60 FR 10016
CFR reference
24 CFR 207
Type
Rule
Action
Interim rule.
Category
hud-other
Agency
US Department of Housing and Urban Development
Publication date
1995-02-23
Docket
Docket No. R-95-1768
Abstract
HUD's multifamily mortgage insurance regulations are being amended to revise the occupancy requirements for rental projects converted to cooperative ownership. The amended regulations replace the strict 70 percent owner-occupant subscription requirement with one that varies according to the loan-to-value ratio. This flexibility will allow the Federal Housing Commissioner to expand affordable housing opportunities.