PROGRAM OBJECTIVES:
Under this program, HUD provides credit enhancement for mortgages for multifamily housing projects whose loans are underwritten, processed, serviced, and disposed of by Housing Finance Agencies (HFA). HUD and the Housing Finance Agencies share in the risk of the mortgage. The program was originally designed as a pilot program to assess the feasibility of risk-sharing partnerships between HUD and qualified State and local HFAs in providing affordable housing for the Nation.

 ELIGIBLE FUNCTIONAL CATEGORIES:
1. HOUSING;
- Property and Mortgage Insurance;
- Multifamily;
- Experimental and Development Projects;

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

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