§ 241.625. Eligible borrowers.
73 words·~1 min read·
/us/cfr/t24/s§ 241.625·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In order to be eligible as a borrower under this subpart, the applicant shall be a profit, limited distribution, nonprofit, or cooperative owner of a multifamily housing project which is not covered by a mortgage insured or held by the Secretary and which the Commissioner has determined to be an acceptable risk in that energy conservation or solar energy benefits to be derived outweigh the risks of possible loss of the Federal Government.