24 CFR § 248.300 - General.

---
identifier: "/us/cfr/t24/s248.300"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 248.300 - General."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "248.300"
section_name: "General."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "B"
subchapter_name: "MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES"
part_number: "248"
part_name: "PREPAYMENT OF LOW INCOME HOUSING MORTGAGES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 17151 note, 4101 note, and 4101-4124; 42 U.S.C. 3535(d)."
cfr_part: "248"
---


# 248.300 General.

Upon application by a State agency or a local public housing agency, the Commissioner may make available assistance for use in preventing the loss of housing affordable for low and moderate income families that is assisted under a State program under the terms of which the owner may prepay a State assisted or subsidized mortgage on such housing.