Total 6 Posts
HUD multifamily refers to the Department of Housing and Urban Development's (HUDs) multifamily loan insurance programs. These are generally non-recourse, long-term, fixed-rate, fully-amortizing loans for apartment buildings.
This week, Multifamily.today sat down with Geoff Platt, Vice President at Arbor Realty Trust, a major agency and HUD/FHA multifamily lender, to discuss trends regarding Fannie Mae and Freddie Mac multifamily financing, among other important trends in the multifamily industry.
HUD's housing reform plan suggests relaxed multifamily noise and environmental regulations to encourage affordable development. It also suggests that Congress increase caps for the Rental Assistance Demonstration (RAD) program.
HUD 232 loan borrowers have traditionally needed to wait 24 months after taking cash out from a lender before refinancing with HUD. Fortunately, HUD recently adjusted their rules to eliminate this waiting period, provided that the proposed loan fits several other parameters.
The HUD 202 program, which provides eligible non-profits financing to create or acquire affordable properties for senior citizens, might be getting yet another boost. Specifically, Congress has permitted Section 202 PRAC properties to take part in the Rental Assistance Demonstration (RAD) program.
Since Q2 2019, a new flurry of updates about the government’s Opportunity Zones program has answered many questions about how the program will be operated. Not everything, however, has been fully revealed.