A. MAP may be used for the following programs, identified by section of the National Housing Act:
1. 220 – new construction or substantial rehabilitation of mixed-use projects in urban renewal areas;
2. 221(d)(4) – new construction or substantial rehabilitation of apartments;
3. 223(a)(7) – refinancing of FHA insured mortgages;
4. 223(f) – refinancing or purchase of existing apartments;
5. 231 – new construction or substantial rehabilitation of housing for the elderly; and
6. 241(a) – Supplemental Loan program for rehabilitation or additions to projects which have an FHA
insured first mortgage
Greg Hunter Changed status to publish February 3, 2021