Government Grants, Loans: Operating Assistance for Troubled Multifamily Housing Projects (Eligibility)

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Operating Assistance for Troubled Multifamily Housing Projects

ELIGIBILITY REQUIREMENTS
	· Functional Categories
		Multifamily
	· Applicants
		Specialized Group (Health Professional, Student, Veteran) Profit Organization Private Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals)
	· Applicant Eligibility
		Eligible owners are nonprofits, with existing loans from HUD under the Section 202 program. Public bodies do not qualify for this program. Field Offices recommend projects to be assisted.
	· Beneficiaries
		Individual/Family
	· Beneficiary Eligibility
		Tenants will benefit because this will allow decent, safe and sanitary conditions in projects. Additionally, this program will guarantee good management in those projects selected.
	· Credentials/Documentation
		Documentation regarding the characteristics of the property and the qualifications of managing agents and owners are assembled by the owners and submitted to the Field Office . This program is excluded from coverage under OMB Circular No. A-87.

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