Common Misconceptions About the HUD 223(f) Program and HUD
One of the most common misconceptions about HUD is that it focuses only on low-income, Section 8, and affordable housing. In reality, the HUD 223(f) program is available for all types of market-rate multifamily properties. Although HUD and FHA programs were created to make sure capital is available for properties, they cover market-rate properties.
Another common misconception is that HUD loans money to developers and investors. In reality, HUD only insures these loans for the recapitalization, acquisition, rehabilitation, and construction of multifamily properties. So, contrary to what some people think, HUD makes no loans.
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