### Question
Can you define what eligible asset means?


### Answer
**Eligible asset** is defined as the following in *12 U.S.C. § 1710*:

> any of the following categories of assets of the Secretary, unless the Secretary determines at any time that the asset property is economically or otherwise infeasible to rehabilitate or that the best use of the asset property is as open space (including park land):


#### (A) Properties


Any property that—


(i) is designed as a dwelling for occupancy by 1 to 4 families

#### Citation:
  - *12 U.S.C. § 1710*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

