Mortgage Insurance Rental Housing
Department Of Housing And Urban Development, Asst Secretary For Housing--federal Housing Commissioner
HUD insures mortgage loans to finance the construction or rehabilitation of a broad range of multifamily rental housing through a variety of programs linked in the Related Federal Assistance section. Though Section 207 itself is no longer active, this assistance listing is used to provide total FHA multifamily mortgage commitments across those programs. Due to challenges in breaking out projected commitments by each listing, the activity is summed and reported here.
Jargon-free version
Helps lenders provide loans for affordable rental housing for middle-income families. It protects lenders from losses if borrowers default on their mortgages.
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