{"data":{"id":"us/24-cfr-266.400","jurisdiction":"us","citation":"24 CFR 266.400","heading":"Property requirements—real estate.","body":"The mortgage must be on real estate held:\n(a) In fee simple;\n(b) Under a renewable lease of not less than 99 years; or\n(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.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES","PART 266—HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS","Subpart E—Mortgage and Closing Requirements; HUD Endorsement"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"9a350d214aa7e516f75645206d56e680551222c61cb3cc8e9c2fb22bbe24c6b3","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-266.315","next":"us/24-cfr-266.402"},"notice":"GroundRules: Original legal text. Not legal advice."}