HUD Resources

These are current programs from HUD that can be used to reduce costs for affordable housing preservation.

Affordable Rental Housing: State and Local Partnerships

HUD has set up this page as a resource to assist public sector housing agencies working at the state and local levels in forming or enhancing collaborative partnerships.

HUD §241 – Supplemental Loans for Multifamily Projects

HUD offers federal mortgage loan insurance to finance improvements and additions to, and equipment for, multifamily rental housing that already carries HUD-insured or HUD-held mortgages. The sponsor will have a pre-application conference with the local HUD Multifamily Hub or Program Center to determine the feasibility of the proposed improvements before submitting a firm commitment application. The sponsor must then submit a firm commitment application to the local Multifamily Hub or Program Center through a HUD-approved lender for processing. If the project meets program requirements, the local Multifamily Hub or Program Center issues a commitment to the lender for mortgage insurance.

HUD§221(d)(3) -- Multifamily Housing - Program Description

HUD§221(d)(3) is a mortgage insurance program to finance rental multi-family housing for moderate-income families including projects for the elderly and represent HUD’s major insurance program for the new construction or substantial rehabilitation for non-profits, public and cooperative mortgagors. Section 221(d)(4) mortgages are available to profit-motivated sponsors.

HUD § 207/223(f) -- Mortgage Insurance

HUD § 207/223(f) is a federal mortgage insurance for the purchase or refinance of existing multifamily projects originally financed with or without federal mortgage insurance. HUD may insure a purchase of a property (with more than 5 units) that does not require substantial rehabilitation.