The MAP section 241(a) program provides loans to finance repairs, additions, and improvements to multi-family rental housing and health care facilities with FHA insured or HUD held mortgages.
Eligible properties for this program include:
- Apartment projects
- Nursing Homes
- Hospitals
- Group-practice facilities that already hold HUD-insured or HUD-held mortgages
Projects may also benefit from obtaining FHA insurance on loans to:
- Preserve, expand or improve housing opportunities
- Provide fire and safety equipment
- Finance energy conservation improvements to conventionally financed projects