Section 202 hud handbook

Neither a public body or tribe nor an instrumentality or agency of a public body or tribe is eligible to participate in the program. Eligible Customers: Occupancy in Section housing is open to any very low-income household comprised of at least one person who is at least 62 years old at the time of initial occupancy. Program regulations are found 24 CFR Part Access to program guidance is available via Internet at HUDclips.

Skip to main content. Office of Hospital Facilities Why Choose ? Overview of Lean Why Choose ? Section Supportive Housing for the Elderly Program. It includes information on regulations governing refinancing and subordination; and provides direction about how to value your asset when considering development, rehabilitation, or sale. The Development and Rehabilitation Approaches and Tools for Section module provides detailed information and expert videos explaining the refinancing options available to Section owners, including FHA loan programs, the Low Income Housing Tax Credit Program, and construction financing.

It includes a case study of a Section property illustrating how its board responded to a development proposal from another entity by thinking through the needs of their property and crafting a development plan of their own. The module also addresses recent changes in New York City zoning regulations that impact Section developments.

Section Supportive Housing for the Elderly Program The Section program helped expand the supply of affordable housing with supportive services for the elderly. Featured Resource Section Training Modules.