24 C.F.R. § 886.301
§ 886.301 Purpose. (24 CFR Part 886)
Operative Text
The purpose of this subpart is to provide for the use of Section 8 housing assistance in connection with the sale of HUD-owned multifamily rental housing projects and the foreclosure of HUD-held mortgages on rental housing projects (as defined in 24 CFR 290.5).
Section 886.301 establishes the overarching purpose of this regulatory subpart, which is to make Section 8 housing assistance available in two specific contexts: when HUD sells multifamily rental housing projects it owns, and when HUD forecloses on mortgages it holds on rental housing projects, as that term is defined in 24 CFR 290.5. The rule essentially creates a framework connecting federal rental assistance to these HUD disposition and foreclosure events. It does not itself grant assistance but sets the stage for the more detailed provisions that follow in the subpart.
Plain English — not legal advice.
Property owners and managers involved in the acquisition of a HUD-owned multifamily project or in a project subject to a HUD mortgage foreclosure should be aware that § 886.301 signals the availability of Section 8 assistance as part of those transactions. Operators in these circumstances generally familiarize themselves with the full subpart to understand how assistance contracts may be structured or continued. Staying current with HUD disposition notices and guidance helps ensure compliance with the framework this provision introduces.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
If you live in a multifamily rental property that is being sold by HUD or is subject to a HUD mortgage foreclosure, § 886.301 indicates that Section 8 housing assistance may be part of that process, which can have implications for your rental situation. Tenants in these properties may have rights related to continued assistance or occupancy that are detailed further in the subpart and in related HUD regulations. Reaching out to a local tenant-rights organization or a HUD-approved housing counselor can help you understand what protections may apply in these circumstances.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 4, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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