HUD Issues Notice on Refinancing Section 202 Housing for the Elderly

HUD Issues Notice on Refinancing Section 202 Housing for the Elderly



HUD’s Office of Multifamily Housing Programs recently issued Notice H 2018-02, providing guidance to owners of pre-1974 Section 202 Direct Loan sites serving the elderly that have the option of refinancing to make capital improvements and/or to reduce the interest rate. The notice is a supplement to Housing Notice H 20013-17, otherwise known as the HUD 202 Direct Loan Prepayment Notice.

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