HUD-insured below-market-interest rate (3-percent) loans for rental housing owned by private nonprofit and limited-profit landlords and rented to low- and moderate-income families.

Section 221(d)(3) of the National Housing Act, 12 U.S.C.A. §§ 1715l(d)(3) and (d)(5).

24 C.F.R.:

§ 219 Flexible Subsidy

§ 221.501- 221.790 Basic regulations

§ 245 Rent increases, tenant participation and additional subsidies

§ 247 Evictions

§ 248 Mortgage prepayment

§ 290 Property disposition

Handbooks:

4315.1 Property Disposition Handbook, REV-1 (2/17/71 through CHG-2, 3/29/94)

4350.1 Multifamily Asset Management and Project Servicing, REV-1 (9/92 through CHG-9, 1/23/96)

4350.2 Section 8 Additional Assistance, REV-1 (6/30/92)

4350.3 Occupancy Requirements for Subsidized Multifamily Programs, (11/2/81 through CHG-29, 4/28/98)

4355.1 Flexible Subsidy Handbook, REV-1 (5/29/92)
  
HUD Handbooks are available at: http://www.hudclips.org/sub_nonhud/cgi/hudclips.cgi