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Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects

Program Information

Popular name

Multifamily Rental Property Purchase or Refi - Section 223(f)

Program Number

14.155

Program objective

To provide mortgage insurance to HUD-approved lenders for the purchase or refinancing of existing multifamily housing projects, whether conventionally financed or subject to federally insured mortgages at the time of application for mortgage insurance. The program allows for the long term mortgages that can be financed with Ginnie Mae Mortgage-Backed Securities.

Program expenditures, by FY (2023 - 2025)

This chart shows obligations for the program by fiscal year. All data for this chart was provided by the administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.

For more information on each of these data sources, please see the About the data page.

Additional program information

Single Audit Applies (2 CFR Part 200 Subpart F):

For additional information on single audit requirements for this program, review the current Compliance Supplement.

OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.

Fact Sheet, Section 223(f) Mortgage Insurance; 24 CFR 200. The Multifamily Accelerated Processing (MAP) guide may be found at https://www.hud.gov/program_offices/administration/hudclips/guidebooks/hsg-GB4430

  1. National Housing Act, Section 223(f), as amended; Housing and Community Development Act of 1974, as amended, Public Law 93-383. 12 U.S.C. 1715n.