Recent HUD News

Streamlined Procedures for LIHTC Projects Announced in 2012 MAP Guide
In advance of HUD's expected Mortgagee Letter outlining the pilot multifamily insurance program for LIHTC project finance, HUD has included some of the changes to the process in Chapter 5 of the new MAP Guide. To view this section of the guide, click here

HUD to Allow Financing of Sprinkler Systems
HUD’s Office of Healthcare Programs announced a pilot program to finance the installation of fire suppression sprinkler systems. This important program is in response to the Center for Medicare and Medicaid’s requirement that all long-term-care facilities have sprinkler systems installed by August of 2013. For more information, LEAN approved lenders should contact Vance Morris at HUD at

 HUD Issues Mortgagee Letter on Underwriting Policies and Procedures for Commercial Space and Income
On Thursday, September 1st, HUD issued a mortgagee letter (ML 2011-32) giving instructions and guidance pertaining to the recognition of commercial income from non-residential uses in calculating the maximum insurable mortgage. These guidelines are effective immediately. To read the letter, click here.

Via the Mortgage Bankers Association

Related Posts

New MAP Guide Released September 15 915 2011
HUD Takes Aim at Loan Delays March 1 301 2012
Certainty Of Execution March 2 302 2012
Dealmaker of the Day March 8 308 2012
Dealmaker of the Day March 8 308 2012
Multifamily Real Estate in Demand September 11 911 2013
Ohio Housing Conference October 24 1024 2013
RAD Program Updates January 28 128 2015
New MAP Guide Changes February 1 201 2016
Exciting Changes at HUD February 3 203 2016
HUD Construction Financing March 18 318 2016
VAHCDO Annual Conference March 19 319 2016
New LEAN Handbook May 23 523 2016
ahf-faq-5-copy_26562408-1.png Affordable Housing Finance FAQ January 11 111 2018
Top 5 Reasons We Love HUD January 31 131 2018