Section 542(b) encourages the development and preservation of affordable housing. The program provides insurance and reinsurance for multifamily housing projects whose loans are originated, underwritten, serviced, and disposed of by a Qualified Participating Entity (QPE) and/or its approved lenders. (14.189 Qualified Participating Entities Section 542b) Contact your local HUD office or check out the program online at or Office of Multifamily Development, U.S. Department of Housing and Urban Development, Washington, DC 20410; 202-708-1142
Income Eligibility: Contact HUD for requirements
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