PROGRAM OBJECTIVES:
The Single Room Occupancy (SRO) Program provides mortgage insurance for multifamily properties consisting of single-room units. There are no Federal rent subsidies involved with this SRO Program. It is aimed at those tenants who have a source of income but are priced out of the rental apartment market. SRO projects will generally require assistance from local governing bodies or charitable organizations in order to reduce the rents to affordable levels.

 ELIGIBLE FUNCTIONAL CATEGORIES:
1. HOUSING;
- Cooperatives, Rental;
- Multifamily;

 WHO CAN BENEFIT FROM THIS PROGRAM:
- Individual/Family;
- Anyone/general public;

 WHO CAN APPLY:
- Sponsored organization;
- Public non-profit institution/organization (includes institutions of higher education and hospitals);
- Other public institution/organization;
- Private non-profit institution/organization (includes institutions of higher education and hospitals);