eligible multifamily housing

(1) When underwriting a rehabilitation loan under this section in connection with eligible multifamily housing, the Secretary may assume that any rental assistance provided for purposes of servicing the additional debt will be extended for the term of the rehabilitation loan. The Secretary shall exercise prudent underwriting practices in insuring rehabilitation loans under this section. For purposes of this subsection, the term “eligible multifamily housing” means any housing financed by a loan or mortgage that is— (A) insured or held by the Secretary under section 1715l(d)(3) of this title and assisted under section 1701s of this title or section 1437f of title 42 ; (B) insured or held by the Secretary and bears interest at a rate determined under the proviso of section 1715l(d)(5) of this title ; or (C) insured, assisted or held by the Secretary under section 1715z–1 of this title .


12 USC § 1715z-6(g)(1)

Scoping language

For purposes of this subsection
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