Question:

What does the FHA multifamily program include?

Answer:

The FHA multifamily program includes affordable financing on rental housing. The FHA multifamily mortgage insurance programs are used to facilitate construction and rehab of rental housing for low to average income citizens. These FHA multifamily programs are used by home builders to provide the much needed affordable housing. In high cost areas where construction and labor are rising, the FHA multifamily program does not always manage to provide all the needed financing to home builders.

The FHA 223f multifamily mortgage insurance program provides insurance for the acquisition or refinancing of 3-year old multifamily rental projects.

The FHA 221d4 and 223f multifamily rental mortgage insurance programs are designed to serve families and the elderly.

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