HUD Multifamily Loans Blog
We answer common questions about HUD Multifamily loans, helping developers and investors better understand HUD’s programs.
HUD’s New Surplus Cash Distribution Changes
HUD's latest update changes five decades of policy in an effort to drive its loan programs’ competitiveness.
What Are Replacement Reserves?
Aside from being a common budget line item in commercial underwriting, replacement reserves play an essential role in the prolonged health and continued operation of a commercial property, preventing potential disruptions in revenue.
Is HUD Financing Available for Assisted Living Facilities?
For investors looking to secure high-leverage, non-recourse HUD financing for the acquisition, refinance, or construction of an assisted living facility, the HUD 232 and 232/223(f) loan programs may be the perfect solution.
Is a Bridge-to-HUD Loan Right for You?
Bridge-to-HUD financing offers a way to take advantage of some of the highest-leverage, longest-term loans in the multifamily sector, even when timing is an issue.
What Is Total Development Cost?
It’s critical to understand how the total development cost plays a part in determining a project’s eligibility for HUD subsidies.
Zoning and Affordable Housing
Zoning has significant implications for affordable housing. Find out what to pay attention to, and how zoning laws may change over time.
Does Dave Chappelle Have a Problem With Affordable Housing?
Maybe, but that doesn’t seem to be what motivated the comedian’s tirade against a housing development earlier this year.
San Diego Senior Affordable Housing Project Kicks Off
The fully affordable, 127-unit community will rise on the site of a former adoption center in the Linda Vista neighborhood.
What Is the Office of Fair Housing and Equal Opportunity?
The FHEO investigates claims of discrimination in housing, with a particular focus on affordable housing communities backed by HUD-insured loans.
Top 5 Amenities for Affordable Housing Properties
Read our list of five key, impactful amenities most affordable housing providers can offer at little to no cost.
Miami Fully Affordable High-Rise Community Lands $61M Financing
The developer locked in the 42-year HUD 221(d)(4) loan at a fixed interest rate of 3%.
Who Finances Workforce Housing?
While this critical property sector is eligible for some HUD financing, many other solid loan options exist.
What Is Area Median Income (AMI)?
Area median income is an important benchmark when determining housing eligibility for affordable housing properties.
Miami Affordable Housing Grabs $20M HUD Loan
The 216-unit multifamily asset’s 35-year, non-recourse loan retires $11.2 million in previous debt
Affordable Housing's Surprising Impacts on Property Values
One of the most commonly cited reason for homeowners to rally against affordable housing development is the belief that it will cause their property values to plummet. That may not be true, however.
What Is Tax Increment Financing?
Tax increment financing, or TIFs, are a government-sponsored vehicle for boosting redevelopment or regeneration, typically within a struggling urban area.
Affordable Community Opens in Atlanta
The 182-unit affordable community broke ground in 2019, backed by Low-Income Housing Tax Credits and financial support from several affordable housing advocacy organizations.
California Rent Control: Smoke Without a Fire?
Despite many industry analysts warning of a multifamily apocalypse across California, the state’s rent control laws do not appear to have had the predicted impacts.
Queens $100M Affordable Housing Project Breaks Ground
When complete, the former hospital site in Far Rockaway will add more than 2,000 apartments alongside green space and medical facilities.
The Difference Between Brownfield and Greenfield Developments
A brownfield development is any project built on land that has previously been developed, while a greenfield development is a project that will occupy a space that has not been previously developed.
Sexual Orientation, Gender Identity Discrimination in Housing
From early 2021, HUD began interpreting the Fair Housing Act to ban discrimination based on these protected classes. What does that mean for your multifamily property?
Top 5 HUD Loans by Volume in Q1 2022
The department reported just over $6 billion in insured loan firm commitments for the first quarter of 2022 alone. Find out which financing vehicles stood out.
San Antonio Community Gets $50M HUD 223(f) Loan
The loan, originated by Greystone, refinances the 360-unit property The Bascom Group acquired in 2014.
How Trended Vs. Untrended Rents Project a Multifamily Property's Rental Income
When looking at the revenue a multifamily property will provide over the long term, there are two different ways to project your property’s rental income: trended rent and untrended rent.
Biden’s Affordable Housing Plan Targets Manufactured Homes, ADUs
New financing programs aim to support the production of accessory dwelling units, two- to four-unit properties, and manufactured housing.
Corporate Affordable Housing Commitments: Meaningful, or Cheap PR?
Corporations make some impressive-sounding commitments to affordable housing, but as the affordability crisis continues to grow, is it enough?
Rising Construction Costs' Affordable Housing Impacts
Labor shortages, supply chain issues, and rising material costs are all impacting the development of new affordable housing nationwide.
Top 5 Reasons to Invest in Affordable Housing
Affordable housing investments can be lucrative for a variety of reasons. Check out the top five benefits of putting money into the sector here.
Preparing for Your Next HUD Audit
If you own an affordable property with a HUD-backed loan, you need to be prepared for this intensive annual review.
Top 10 REAC Inspection Deficiencies
HUD’s published list of most common issues for inspections offers insights in how best to prepare your affordable housing asset for its next check-up.
HUD’s Inspection Backlog
The department anticipates getting through nearly all overdue REAC inspections by the end of 2022. Here’s how.
HUD Form 2530 and APPS
HUD Form 2530 details a borrower/principal’s past participation in any HUD multifamily projects, as well as any participation involving other housing agencies.
RAD for PRAC Conversion
Learn about the HUD program to transition properties operating under Section 202 PRACs into RAD, or rental assistance demonstration, assets to provide greater long-term stability to communities and residents.
HUD Project Rental Assistance Contracts (PRAC)
A project rental assistance contract, or PRAC, is an agreement that enables the owner of HUD Section 202 properties to receive project rental assistance funds.
HUD Form 92264: Multifamily Summary Appraisal Report
HUD Form 92264, also known as the Multifamily Summary Appraisal Report, is one of the essential forms that an appraiser will need to complete and submit to HUD before a property can be approved for HUD multifamily financing.
What Is the HUD Exchange?
The HUD Exchange is a comprehensive online platform that provides tools, resources, and contact information for the organizations and individuals that partner with HUD.
Top 10 HUD Lenders of 2021
We take a closer look at the institutions with the highest origination volumes under HUD’s MAP program for the department’s 2021 fiscal year.
RUBS: Ratio Utility Billing System
RUBS, or a ratio utility billing system, is an alternative billing method to sub-metering in an income producing property. Using RUBS, the total cost of a multifamily or commercial property’s utilities are divided proportionally between each individual tenant.
A Landlord's Guide to Section 8 Inspections
A guide on section 8 inspections including what to expect and how to prepare.
What Are the Benefits of HUD 223(f) Loans?
HUD 223(f) loans offer some of the best terms in the industry for the acquisition and refinancing of multifamily properties. These loans are non-recourse, offer high leverage, and have low interest rates.
How to Get the Lowest Rates and Longest Terms for Multifamily Financing
FHA-insured financing offers some of the industry's longest terms, even up to a maximum of 43 years for HUD 221(d)(4) loans.
What’s the Difference Between HUD and the FHA?
HUD and the FHA were founded separately but have significant overlap. Find out the difference between the two organizations.
Are HUD/FHA Loan Programs Only for Affordable Housing?
It's a common misconception that HUD financing is only for affordable housing. In reality, it's available for all types of market-rate properties.
What Is the Housing Choice Voucher Program?
HUD's Section 8 program is the government's largest housing assistance program, helping low-income families find quality housing through a public housing authority backed by HUD.
What Is the HUD Multifamily Database?
HUD provides open access to multiple databases relevant to multifamily housing programs, each of which may provide value for multifamily investors in different situations.
The Opportunity Zones Program and HUD Multifamily Loans
Opportunity Zones offer a groundbreaking federal tax incentive to encourage development in some of the nation's most distressed areas, where HUD multifamily loans can be ideal for investors.
What Is the Rental Assistance Demonstration (RAD) Program?
The Rental Assistance Demonstration, or RAD, program is a federal housing program administered by HUD which allows properties with HUD legacy programs to convert to Section 8 housing.
HUD Section 8 Renewal Guide: What Investors Need to Know
Most properties under HUD's Section 8 program are governed under a housing assistance payment contract which typically lasts between five and 20 years. Find out how renewals under this program work.
What Are the Benefits of HUD 221(d)(4) Loans?
HUD 221(d)(4) loans offer an incredible opportunity for multifamily investors and developers to access the industry’s longest-term form of fixed-rate construction and substantial rehab financing.
What Is the HUD MAP Guide?
Multifamily Accelerated Processing, or MAP, is HUD's streamlined loan application processing system for speeding up the approval times for HUD and FHA multifamily loans.
What Is a Capital Needs Assessment?
A capital needs assessment, or CNA, is a property inspection report required for all HUD loans that estimates the future cost of property maintenance and critical repairs for a property.
What Is Fair Market Rent? 2023 FMR Calculator by ZIP
Fair market rents, or FMRs, are statistics developed by HUD to determine payments for housing assistance programs like the Section 8 housing choice voucher program. Calculate Fair Market Rent in your area using our calculator.
A Close-Up on the Low-Income Housing Tax Credit Program
The LIHTC program helps facilitate the construction and rehabilitation of affordable housing units throughout the U.S.
What’s the Difference Between HUD 223(f) and HUD 221(d)(4) Loans?
What's the difference between HUD's 223(f) and 221(d)(4) programs? Check out our side-by-side comparison.
The Top 10 HUD Multifamily Lenders of 2018-2019
HUD's multifamily loan programs are some of the most advantageous on the market. Find out more about the top HUD multifamily lenders of 2018 and 2019.