24 CFR 266.400
§ 266.400 Property requirements—real estate.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 266.400, § 266.400 Property requirements—real estate, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100453
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.