HUD Expands Section 220 Program to All Opportunity Zones

National Mortgage Professional, Aug. 9, 2019–Phil Hall
FHA’s Section 220 Program insures lenders against loss on mortgage default and has been used for urban rental housing in areas targeted for overall revitalization. HUD’s announcement expands eligibility of mortgages insured under this program to all 8,764 Opportunity Zone localities, including those in rural areas.