Details.
FHA-insured, long-term, fixed-rate financing for the acquisition, refinancing, or rehabilitation of existing multifamily projects with 4% or 9% low income housing tax credits and qualifying features. Underwriting and approval are expedited through the Multifamily Accelerated Processing Programme. Loans are available for up to 35 years and are fully amortising, with non-recourse financing subject to standard industry exceptions and full assumability subject to HUD approval. Pilot applications are prioritised, with HUD approval estimated 45 to 60 days after application submission.