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HUD/OH RIN: 2502-AJ75 Publication ID: Fall 2024 
Title: Financing the Purchase of a Cooperative Manufactured Home Communities (FR-6478) 
Abstract:

This proposed rule would modernize 24 CFR 200.24 to allow the financing of the purchase of a cooperative manufactured home community under Section 223(f) of the National Housing Act. 24 CFR 200.24 currently does not allow for purchases of cooperative manufactured housing parks, only refinancing of existing debt. Section 223(f) of the National Housing Act authorizes FHA mortgage insurance for existing multifamily housing projects, irrespective of whether the project is for rental or cooperative housing. This proposed rule would align HUD’s regulations with this statutory authority.

 
Agency: Department of Housing and Urban Development(HUD)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 200.24   
Legal Authority: 12 U.S.C. 1715n   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/00/2025 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Willie Fobbs
Director, Office of Multifamily Production
Department of Housing and Urban Development
Office of Housing
451 7th Street SW,
Washington, DC 20410
Phone:202 402-6257