Federal Housing Agency (FHA)
HUD Changes Approval Process for MAP, Section 232 Delegated Underwriters
HUD is trying to reduce the time it takes to approve underwriters for Multifamily Accelerated Processing (MAP) and Section 232 lenders. Instead of getting written approval for each underwriter, MAP and Section 232 lenders will now designate a qualified individual as “Chief Underwriter,” and work with this person to designate and approve MAP and/or Section 232 underwriters on staff.
HUD Seeks Mission-Based and Private Lenders for Small Building Risk-Sharing Initiative
The U.S. Department of Housing and Urban Development announced a Small Building Risk Sharing Initiative, which aims to facilitate the financing of small multifamily properties. HUD is looking for both “Mission Based Lenders,” including Community Development Finance Institutions (CDFIs), other nonprofit lenders, public and quasipublic agenices, and “Private Lenders” that are approved as FHA MAP Lenders to participate in the program as Qualified Sharing Program Entities (QPEs).
Love Funding Secures $13.6 Million HUD Refinancing Loan for Multifamily Affordable Senior Living Facility in Los Angeles
Love Funding announced the closing of a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, California.
WVHDF Will Host an FHA & ADA Training
West Virginia Housing Development Fund will host an FHA & ADA Training on April 16.
WVHDF Will Host an FHA & ADA Training
West Virginia Housing Development Fund will host an FHA & ADA Training on April 16.
WVHDF Will Host an FHA & ADA Training
West Virginia Housing Development Fund will host an FHA & ADA Training on April 16.
WVHDF Will Host an FHA & ADA Training
West Virginia Housing Development Fund will host an FHA & ADA Training on April 16.