Change by the FHA facilitates greater flexibility for lenders when underwriting multifamily transactions up to $120 million, marking the first increase in the threshold since 2014.
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HUD has announced new guidance for owners of properties participating in HUD’s Multifamily Section 202 Project Rental Assistance Contract program, reinforcing the use of supportive services funds to help seniors live more independently.
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Owners of properties participating in multifamily-assisted housing programs can now apply for reimbursement of costs for property improvements and other measures taken to protect residents from pandemic-related issues.
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The Department of Housing and Urban Development continues to further stabilize oversight of the nation’s housing market, onboarding many new key positions.
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