24 CFR § 290.33 - Sale of delinquent mortgages securing subsidized projects.

---
identifier: "/us/cfr/t24/s290.33"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 290.33 - Sale of delinquent mortgages securing subsidized projects."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "290.33"
section_name: "Sale of delinquent mortgages securing subsidized projects."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "I"
subchapter_name: "HUD-OWNED PROPERTIES"
part_number: "290"
part_name: "DISPOSITION OF MULTIFAMILY PROJECTS AND SALE OF HUD-HELD MULTIFAMILY 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. 1701z-11, 1701z-12, 1713, 1715b, 1715z-1b, 1715z-11a; 42 U.S.C. 3535(d) and 3535(i)."
regulatory_source: "61 FR 11685, Mar. 21, 1996, unless otherwise noted."
cfr_part: "290"
---


# 290.33 Sale of delinquent mortgages securing subsidized projects.

Delinquent mortgages securing subsidized projects will be sold only if, as part of the sales transaction:

(a) The mortgages are restructured; and

(b) Either FHA mortgage insurance or equivalent protections are provided.