Multifamily mortgage exposures.

CFR · 2024-01-01 · US · Title 12

(a) * * * (i) At least 20 percent of the property's units are restricted to be affordable units per a regulatory agreement, recorded use restriction, a housing-assistance payments contract, or other restrictions codified in loan agreements; and (ii) The property benefits from one of the following government programs: (A) Low Income Housing Tax Credits (LIHTC); (B) Section 8 project-based rental assistance; (C) Section 515 Rural Rental Housing Loans; or (D) State/Local affordable housing programs that require the provision of affordable housing for the life of the loan. (d) * * *

official document · source cfr-2024 · id 12:§ 1240.34