24 C.F.R. § 266.400

Current through May 31, 2024

Section 266.400 - Property requirements-real estate

The mortgage must be on real estate held:

(a) In fee simple;

(b) Under a renewable lease of not less than 99 years; or

(c) Under a lease executed by a governmental agency, or other lessor approved by the HFA, that has a term at least 10 years beyond the end of the mortgage term.

24 C.F.R. §266.400