Qualified Participating Entities (QPE) Risk Sharing

-$1.2 Million committed in FY2019–FY2019

Agency: Asst Secretary for Housing--Federal Housing Commissioner, Housing and Urban Development, Department of
Assistance: Guaranteed/Insured Loans
CFDA number: 14.189
What it does: Under this program HUD provides reinsurance on multifamily housing projects whose loans are originated, underwritten, serviced, and disposed of by qualified participating entities (QPEs) and/or its approved lenders. The program encourages the development and preservation of affordable housing. The Section 542(b) program was originally designed as a pilot to test innovative mortgage insurance and reinsurance products to provide affordable multifamily housing through a partnership between HUD and QPEs, including Government Sponsored Enterprises, financial institutions, and the Federal Housing Finance Board.
Who benefits: Individuals, families, and property owners may be eligible for affordable housing.
Who applies: Eligible mortgagors include investors, builders, developers, public entities, and private nonprofit corporations or associations may apply to a qualified QPE and/or its lender.
Authorized by: Housing and Community Development Act of 1992, Section 542(b), Public Law 102-550, 12 U.S.C. 1701; Public Law 106-377. HUD's fiscal year 2001 Appropriations Bill amended Section 235 of the Housing and Community Development Act of 1992 to extend the 542 Risk Sharing Program to a p…
Program site: http://www.hud.gov/offices/hsg/hsgmulti.cfm. ↗

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By dollars committed.

Committed through this program: Money committed under this assistance listing (its CFDA program), counted in the year each action happened.
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Direct payments

Qualified Participating Entities (QPE) Risk Sharing

-$1.2 Million committed in FY2019–FY2019

Agency: Asst Secretary for Housing--Federal Housing Commissioner, Housing and Urban Development, Department of
Assistance: Guaranteed/Insured Loans
CFDA number: 14.189
What it does: Under this program HUD provides reinsurance on multifamily housing projects whose loans are originated, underwritten, serviced, and disposed of by qualified participating entities (QPEs) and/or its approved lenders. The program encourages the development and preservation of affordable housing. The Section 542(b) program was originally designed as a pilot to test innovative mortgage insurance and reinsurance products to provide affordable multifamily housing through a partnership between HUD and QPEs, including Government Sponsored Enterprises, financial institutions, and the Federal Housing Finance Board.
Who benefits: Individuals, families, and property owners may be eligible for affordable housing.
Who applies: Eligible mortgagors include investors, builders, developers, public entities, and private nonprofit corporations or associations may apply to a qualified QPE and/or its lender.
Authorized by: Housing and Community Development Act of 1992, Section 542(b), Public Law 102-550, 12 U.S.C. 1701; Public Law 106-377. HUD's fiscal year 2001 Appropriations Bill amended Section 235 of the Housing and Community Development Act of 1992 to extend the 542 Risk Sharing Program to a p…
Program site: http://www.hud.gov/offices/hsg/hsgmulti.cfm. ↗