Operating Assistance for Troubled Multifamily Housing Projects

To provide loans to restore or maintain the physical and financial soundness, to assist in the management and to maintain the low-to moderate-income character of certain projects assisted or approved for assistance under the National Housing Act or under the Housing and Urban Development Act of 1965.
Examples of Funded Projects

Section 202 projects for the elderly or disabled with emergency health and safety problems whose sponsors do not have the necessary funds available to cure the immediate problems.

Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.

Office - Persons are encouraged to communicate with the nearest local HUD Multifamily Hubs and Program Centers listed at http://www.hud.gov/fha/mfh/fhamie/mieforms/lkmfdirs.html or the nearest HUD Field Office listed in the Appendix IV of the Catalog.