### Question
How does the law define qualified HUD property?


### Answer
Under *12 U.S.C. § 1715z*, **qualified HUD property** is defined as:

> any property for which, as of the date that notification of the property is first made under paragraph (3)(B), not less than 6 months have elapsed since the later of the date that the property was acquired by the Secretary or the date that the property was determined to be unoccupied or substandard, that is owned by the Secretary and is—


(A) an unoccupied multifamily housing project

#### Citation:
  - *12 U.S.C. § 1715z*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

