24 C.F.R. § 266.400 Property requirements—real estate.
Title 24 - Housing and Urban Development
The mortgage must be on real estate held: (a) In fee simple; (b) Under a renewable lease of not less than 99 years; or (c) Under a lease executed by a governmental agency, or other lessor approved by the HFA, that has a term at least 10 years beyond the end of the mortgage term.
Title 24: Housing and Urban Development
PART 266—HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS
Subpart E—Mortgage and Closing Requirements; HUD Endorsement
§ 266.400 Property requirements—real estate.
