{"data":{"id":"us/24-cfr-290.35","jurisdiction":"us","citation":"24 CFR 290.35","heading":"Sale of HUD-held mortgages securing unsubsidized projects.","body":"HUD's policy for selling HUD-held mortgages securing unsubsidized projects is as follows:\n(a) Current mortgages may be sold with or without FHA mortgage insurance.\n(b) Delinquent mortgages may be sold without FHA mortgage insurance. However, delinquent mortgages will not be sold if:\n(1) HUD believes that foreclosure is unavoidable; and\n(2) The project securing the mortgage is occupied by very low-income tenants who are not receiving housing assistance and would be likely to pay rent in excess of 30 percent of their adjusted monthly income if HUD sold the mortgage.","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 I—HUD-OWNED PROPERTIES","PART 290—DISPOSITION OF MULTIFAMILY PROJECTS AND SALE OF HUD-HELD MULTIFAMILY MORTGAGES","Subpart B—Sale of HUD-Held Multifamily Mortgages"],"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":"d1aa4aaa5bdc7446988cc4228a549942f5bc2d8551004041d5a3d34596f75ae3","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-290.33","next":"us/24-cfr-290.37"},"notice":"GroundRules: Original legal text. Not legal advice."}