Multifamily project

Multifamily project means a project consisting of five or more units that has or had a mortgage (even if subordinate to other mortgages) insured under the National Housing Act or is or was subject to a loan under section 202 of the Housing Act of 1959, or a hospital, intermediate care facility, nursing home, group practice facility, or board and care facility that has or had a mortgage insured, or is or was subject to a loan under, these authorities. Multifamily project does not include projects consisting of one to eleven units insured under section 220(3)(A) of the National Housing Act (12 U.S.C. 1715k), which are classified as single family homes.

Source

24 CFR § 290.3

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Scoping language

The terms Department and URA are defined in 24 CFR part 5. The following definitions apply to this part:

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