Multi-Family Housing (MFH) is developing a pilot program for simple transfers under authority in Section 506(b) of the Housing Act of 1949, as amended (42 U.S.C. §1476(b)). The purpose of the pilot program is to reduce application requirements for certain types of transfers, resulting in lower transaction-related costs for applicants and improved processing times. MFH will use the findings from the pilot program to inform future handbook and regulatory changes and advance Agency efforts to preserve and revitalize the MFH portfolio.
Agency staff will seek input on the pilot program during a stakeholder listening session on September 28, 2022. During the session, current borrowers, prospective transfer applicants and other stakeholders will have an opportunity to provide feedback on the transfer process and proposed elements of the pilot program.
Participants should pre-register for the session. A meeting confirmation notice will be emailed to registrants.
Register for the Stakeholder Listening Session on September 28, 2022:
Multi-Family Housing Listening Session on the Transfer Process and Proposed Simple Transfer Pilot Program
Wednesday, September 28, 2022, from 2:00PM -3:00PM ET