Qualified Participating Entities (QPE) Risk Sharing
Active
- Assistance listing
- 14.189
- Agency
-
Assistant Secretary for Housing Federal Housing Commissioner
Department of Housing and Urban Development
- Grant awards
- Not on record
Program facts
- Also known as
- (542(b) Risk Sharing Program)
- Eligible applicants
-
- Individual/Family
- Anyone/general public
- Other public institution/organization
- Private nonprofit institution/organization (includes institutions of higher education and hospitals)
- Profit organization
- Beneficiaries
-
- Low Income
- Moderate Income
- Treasury account
-
- 86-4077-0-3-371
- More information
Program details come from SAM.gov Assistance Listings. Updated .
About this program
The Department of Housing and Urban Development provides reinsurance on multifamily housing loans originated and serviced by qualified participating entities (QPEs) under Assistance Listing 14.189, with no recent application deadline specified in available sources.
This program operates as a risk-sharing partnership between HUD and QPEs—including Government Sponsored Enterprises, financial institutions, and the Federal Housing Finance Board—to develop and preserve affordable multifamily housing. HUD executes a Risk Sharing Addendum within 15 days of receiving a complete Risk Sharing Request, signifying HUD's reinsurance obligation for a specific mortgage loan. QPEs retain maximum processing responsibility and decision-making authority to approve or reject individual projects and are required to originate, underwrite, service, and dispose of loans in accordance with acceptable mortgage practices of prudent lending institutions.
Eligible applicants include investors, builders, developers, public entities, and private nonprofit corporations or associations. Individuals, families, and property owners may be eligible for the affordable housing developed or preserved under funded projects. Applicants submit formal applications directly to the QPE rather than to HUD.
The source provided contains no portfolio data on award frequency, federal dollars obligated, recent grant awards, or recently posted grant opportunities. No information is available regarding the recency of program activity, typical award magnitudes, or assistance-type mix. The program description reflects the statutory framework and operational structure but does not include current funding statistics or active solicitation status. Organizations considering this program should contact HUD's Assistant Secretary for Housing or individual QPEs directly to determine current participation terms, recent award activity, and application procedures.
Objective and description
- Objective
Under this program HUD provides reinsurance on multifamily housing projects whose loans are originated, underwritten, serviced, and disposed of by qualified participating entities (QPEs) and/or its approved lenders. The program encourages the development and preservation of affordable housing. The Section 542(b) program was originally designed as a pilot to test innovative mortgage insurance and reinsurance products to provide affordable multifamily housing through a partnership between HUD and QPEs, including Government Sponsored Enterprises, financial institutions, and the Federal Housing Finance Board.
Eligibility
- Applicant eligibility
Eligible mortgagors include investors, builders, developers, public entities, and private nonprofit corporations or associations may apply to a qualified QPE and/or its lender.
- Beneficiary eligibility
Individuals, families, and property owners may be eligible for affordable housing.
- Credentials and documentation
Documentation regarding the characteristics of the property and the qualifications of the mortgagor are submitted to the QPE and/or its lender.
- Uses of assistance
QPEs and/or its approved lenders may originate and underwrite affordable housing loans. HUD's mortgage credit enhancements are used to support the underwriting and production strengths of Fannie Mae, Freddie Mac, and other qualified Federal, State, and local public financial and housing institutions. In the event of a default, the QPE will pay all costs associated with loan disposition and will seek reimbursement from HUD. In most cases, the HUD risk share will be 50 percent. The program provides a new insurance authority independent of the National Housing Act.
- Length and time phasing of assistance
No
How to apply
- Application procedure
An applicant submits a formal application directly to the QPE.
- Award procedure
QPEs are vested with the maximum amount of processing responsibilities and decision-making to approve or reject individual projects.
- Time to approval or disapproval
Within 15 days of HUD's receipt of a complete and acceptable Risk Sharing Request, HUD will execute the Addendum to Risk Sharing Agreement which signifies that HUD has undertaken a Risk Sharing Obligation for a specific mortgage loan.
- Renewals
HUD will provide reinsurance on multifamily housing projects whose loans are originated, underwritten, serviced, and disposed of by QPEs.
- Appeals
If a Risk Sharing Request is refused, the QPE will state the reasons for the refusal.
Quick answers
What is Assistance Listing 14.189?
Assistance Listing 14.189 is Qualified Participating Entities (QPE) Risk Sharing, a federal grant program run by Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
What is the CFDA number for Qualified Participating Entities (QPE) Risk Sharing?
Its CFDA number is 14.189: Assistance Listing numbers were called CFDA numbers before 2018.
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