12 U.S.C. § 1715z: Limitation on prepayment of mortgages on multifamily rental housing

the Secretary has determined that such project is no longer meeting a need for rental housing for lower income families in the area; the Secretary (A) has determined that the tenants have been notified of the owner’s request for approval of a prepayment; (B) has provided the tenants with an opportunity to comment on the owner’s request; and (C) has taken such comments into consideration; and the Secretary has ensured that there is a plan for providing relocation assistance for adequate, comparable housing for any lower income tenant who will be displaced as a result of the prepayment and withdrawal of the project from the program. A mortgagee may foreclose the mortgage on, or acquire by deed in lieu of foreclosure, any eligible low-income housing project (as such term is defined in section 4119 of this title ) only if the mortgagee also conveys title to the project to the Secretary in connection with a claim for insurance benefits. For purposes of this section, the term “lower income families” has the meaning given such term in section 1437a(b)(2) of title 42 .