Details.
FHA-insured, long-term, fixed-rate financing for acquisition, refinancing, or rehabilitation of existing multifamily projects with 4% or 9% low income housing tax credits. Underwriting and approval are expedited through the Multifamily Accelerated Processing Program. Loan terms are available up to 35 years and are fully assumable subject to HUD approval. Pilot applications are prioritized, with HUD approval estimated 45 to 60 days following application submission.