HUD Multifamily Housing Loans

FHA-insured HUD multifamily housing programs were created to ensure the ongoing availability of capital for the acquisition, rehabilitation, development, and refinancing of  market-rate apartment properties.

Multifamily projects that qualify for FHA-insured financing are administered by lenders approved to submit and process applications through the HUD Multifamily Accelerated Processing (MAP) program.

Market-Rate Multifamily
Market-Rate Multifamily

The Benefits of FHA-Insured HUD Multifamily Housing Programs

To offset the costs of new construction, substantial rehabilitation, and ongoing maintenance of market-rate multifamily projects, HUD provides several benefits to developers and operators, which may include:

  • Non-recourse loans to fund a wide range of properties.
  • Lower fixed interest rates, and longer, fully amortized terms translate to lower payments and greater cashflow.
  • Lower debt service coverage underwriting requirements.
  • Loans are fully or partially assumable, which can be attractive for sale opportunities or estate planning purposes.
  • Up to 35 years of fixed rate and fully amortized financing for existing projects.
  • Up to 40 years of fixed-rate financing, plus construction time, for new construction or substantial rehabilitation.
  • Cash-out refinancing opportunities for owners to repurpose equity.
  • Finance value-add and other capital expenditures.
  • A Low-Income Housing Tax Credit program to encourage investment in affordable properties.

FHA-Insured Mortgage Programs for Market-Rate HUD Multifamily Housing Projects

As an approved MAP lender, Century Health & Housing Capital provides several FHA-insured HUD multifamily housing mortgage programs to facilitate the construction or substantial rehabilitation of market-rate multifamily properties, including: