🏠Revising Residency Requirements for Section 184 Indian Housing Loans
Revising Residency Requirements for the Section 184 Indian Housing Loan Guarantee Program
Summary
This interim final rule revises the Department of Housing and Urban Development's (HUD) regulations governing the Section 184 Indian Housing Loan Guarantee Program (the "Section 184 Program") by modifying the residency requirements for Borrower eligibility for Section 184 Program insured mortgages. This revision aligns HUD's requirements with recent executive actions that emphasize the prioritization of federal resources to protect the financial interests of American citizens and ensure the integrity of government-insured loan programs.
Agencies
- Housing and Urban Development Department
Business Impact
$$ - Med
The interim final rule modifies borrower eligibility requirements for the Section 184 Indian Housing Loan Guarantee Program, which affects the compliance landscape for lenders and housing developers by restricting access to loans for non-permanent residents. This may influence participation and market dynamics.