Mortgage Insurance Rental Housing for the Elderly

Department Of Housing And Urban Development, Asst Secretary For Housing--federal Housing Commissioner

To provide quality rental housing for the elderly.

Jargon-free version

Helps developers create rental housing for elderly people and those with disabilities. It insures lenders against losses on mortgages for these projects.

Quick Facts

Funding
Contact for details
Deadline
Rolling
Status
Rolling Intake
Category
Housing & Community Development
Organization
Department Of Housing And Urban Development, Asst Secretary For Housing--federal Housing Commissioner

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What Is This Program?

Section 231 insures lenders against loss on mortgages. Section 231 was designed to increase the supply of rental housing specifically for the use and occupancy of elderly persons, and/or persons with disabilities. However, few projects have been insured under Section 231 in recent years; developers have opted to use Section 221(d)(4).

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How Do I Apply?

carmelita_a._james@hud.gov
2024022579

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FAQFrequently Asked Questions

Visit the program page for detailed eligibility requirements.

Contact the program administrator for funding details.

This program accepts applications on a rolling basis.

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