3.8.1 Eligibility
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States
A. Only currently FHA insured loans are eligible for Section 223(a)(7) refinancing. HUD held loans are not eligible unless subject to a Mark-to-Market Debt Restructuring under the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRAA). Risk Share loans are not eligible (by statute). Properties that need substantial repairs or propose new construction (e.g. of additional units or other permanent structures) are not eligible.
Continue researching
Related topics
State and federal sources. Edit the document title or filters, then run your search.
Get a plain-English answer with a citation back to this text.
Ask AI about this code