Last amended:2016Year:2026Length:55 wordsSubsections:3Official source
Cite as 24 C.F.R. § 266.400 (2026)
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.
24 C.F.R. § 266.400: Property requirements—real estate. | Justis AI