PROGRAM OBJECTIVES:
To manage and dispose of multifamily housing projects that are owned by the Secretary or that are subject to a mortgage held by the Secretary in a manner that is consistent with the National Housing Act; protect the financial interests of the Federal government, and will, in the least costly fashion among reasonable available alternatives: preserve certain housing so that it can remain available to and affordable by low-income persons; preserve and revitalize residential neighborhoods; maintain the existing housing stock in a decent, safe and sanitary condition; minimize the involuntary displacement of tenants; maintain housing for the purpose of providing rental housing, cooperative housing, and home ownership opportunities for low-income persons; supporting fair housing strategies; and dispose of such projects in a manner consistent with local housing market conditions.

ELIGIBLE FUNCTIONAL CATEGORIES:
1. HOUSING;
- Homebuying, Homeownership;
- Multifamily;

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

WHO CAN APPLY:
- Profit organization;