PROGRAM OBJECTIVES:
To insure a separate loan covering operating losses incurred during the first 2 years following the date of completion or any other 2-year period occurring within 10 years following the date of completion of a multifamily project with a HUD-insured first mortgage.

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

WHO CAN BENEFIT FROM THIS PROGRAM:
- Small business;
- Profit organization;
- Other private institution/organization;

WHO CAN APPLY:
- Other public institution/organization;
- Individual/Family;
- Specialized group (e.g. health professionals, students, veterans);
- Profit organization;
- Private non-profit institution/organization (includes institutions of higher education and hospitals);
- Other private institutions/organizations;