The U.S. Department of Housing and Urban Development recently released policies and procedures for evaluating owners’ requests for deferred repayment of Operating Assistance Flexible Subsidy Loans. The policy allows a repayment deferral where the owner can demonstrate the recapitalization is necessary and there are not adequate resources in the transaction to pay the Flexible Subsidy Loan in full. In no case, however, will HUD forgive a Flexible Subsidy Loan. Read More..