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HUD Releases Letter to Section 236 Property Owners

Tuesday, January 14, 2014

On January 6, 2014, HUD released a letter encouraging Section 236 property owners with approaching HUD mortgage maturity dates to voluntarily give tenants a minimum of 270 days advance notice of the property's Section 236 mortgage maturity date.  

The letter also serves as a reminder of tenant notification requirements applicable to the prepayment of Section 236 mortgages and includes links to existing HUD preservation tools including the new streamlined Section 236 prepayment and preservation tool.

Read the entire letter here.
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