HUD Section 221(d)(4)

HUD Section 221(d)(4)

Section 221 insures loans for the construction and rehabilitation of multifamily rental properties as well as cooperative housing for moderate income families, the handicapped, and the elderly. Single Room Occupancy can also be insured under this program.


Purpose

Section 221(d)(4) assists private industry in the rehabilitation or construction of cooperative and rental housing project for moderate-income and displaced families by making capital more readily available. The program allows for long-term mortgages that can be financed with Government National Mortgage Association (GNMA) Mortgage Backed Securities.

Eligible Uses

Insured mortgages may be used to finance rental or cooperative housing with 5 or more units.

Eligible Borrowers

Eligible mortgagors include public, profit-motivated sponsors, limited distribution, nonprofit cooperatives, builder-seller, investor-sponsor, and general mortgagors.

FHA Multifamily Mortgages

Multifamily Loans
Cooperative Housing - Section 213 Existing Multifamily Rental Housing - Sections 207/223(F)
Housing Finance Agency Risk-Sharing - Section 542(c) Manufactured Housing - Section 207
Rental & Cooperative Housing - 221(d)(4) Rental Housing - Section 207
Rental Housing for Urban Renewal and Concentrated Development Areas - Section 220 Risk-Sharing Program - Qualified Participating Entities (QPE) - Section 542(b)
Senior Housing - Section 231 Supplemental Multifamily Loans - Section 241

FHA Special Needs Housing Loans

FHA Special Needs Housing Mortgages
Assisted Living Conversion Program (ALCP) Demonstration Program for Elderly Housing for Intergenerational Families
Emergency Capital Repair Program (ECRP) Supportive Housing for the Elderly Program - Section 202
Supportive Housing for Persons with Disabilities - Section 811

FHA Health Care Mortgages

FHA Health Care Mortgages
Hospital Facilities - Section 242 Residential Care Facilities - Section 232

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