Supplemental loans.
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Law
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CFR 24
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Housing and Urban Development
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Regulations Relating to Housing and Urban Development
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Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development
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General
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Introduction to FHA Programs
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Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects
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Miscellaneous Project Mortgage Insurance
- Supplemental loans.
A loan, advance of credit or purchase of an obligation representing a loan or advance of credit made for the purpose of financing improvements or additions to a project covered by a mortgage insured under any section of the Act or Commissioner-held mortgage, or equipment for a nursing home, intermediate care facility, board and care home, assisted living facility, or group practices facility, may be insured pursuant to the provisions of section 241 of the Act and such terms and conditions established by HUD.
[72 FR 67545, Nov. 28, 2007]
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