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Supplemental Loan Insurance Multifamily Rental Housing
Federal · ASST SECRETARY FOR HOUSING--FEDERAL HOUSING COMMISSIONER · #14.151
Section 241(a) insures lenders against loss on mortgage defaults on projects already insured by HUD or held by HUD. The program is intended to keep the project competitive, extend its economic life, and to finance the replacement of obsolete equipment. Insured mortgages finance repairs, additions, and improvements to multifamily projects, group practice facilities, hospitals, or nursing homes.
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About this program
Section 241(a) insures lenders against loss on mortgage defaults on projects already insured by HUD or held by HUD. The program is intended to keep the project competitive, extend its economic life, and to finance the replacement of obsolete equipment. Insured mortgages finance repairs, additions, and improvements to multifamily projects, group practice facilities, hospitals, or nursing homes.
Who can apply
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Source: SAM.gov Assistance Listings ↗ · 2026
Informational only — official eligibility is determined by the administering agency.
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