---
kind: "section"
citation: "24 C.F.R. § 1005.425"
title: "24"
number: "1005.425"
heading: "Rental properties."
url: "https://uscodex.org/cfr/24/1005.425"
---

# §1005.425. Rental properties.

- (a) **When a Borrower is an Indian Family.** A [Section 184](/cfr/24/184.md) Guaranteed Loan may be used to purchase, construct, rehabilitate, or refinance a property, which may contain up to four dwelling units. The Borrower must occupy one unit on the property as a Principal Residence and may rent the additional units.
- (b) **When the Borrower is a Tribe or TDHE.** There is no limit to the number of properties a Tribe or TDHE may purchase or own with a [Section 184](/cfr/24/184.md) Guaranteed Loan(s) on or off Trust Land. However, the Tribe or TDHE must meet all applicable [Section 184](/cfr/24/184.md) program requirements.

## Notes

### Authority

Authority: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 89 FR 20056, Mar. 20, 2024; 89 FR 22084, Mar. 29, 2024, unless otherwise noted.