Prepayment and restrictive-use provisions limit conversion out of the program

rd.restrictive_use.prepayment · v1.0.0

Section 515 borrowers are subject to prepayment restrictions and restrictive-use provisions that require incentives to be offered and tenant protections to be honored before a property can leave the program.

Confidence

medium

Effective from

2005-01-01

Last reviewed

2026-08-22