Details.
FHA-insured, long-term, fixed-rate financing for the acquisition, refinancing, or rehabilitation of eligible existing multifamily projects with 4% or 9% low income housing tax credits. Underwriting and approval are expedited through the Multifamily Accelerated Processing Programme. The programme offers loan terms of up to 35 years, fully amortising, and pilot applications are prioritised. HUD approval is estimated at 45 to 60 days following application submission.