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Multifamily Housing Development and Insurance
Multifamily Housing Development and Insurance
FHA's multi-family loan programs provide insurance that assists both the private and public sectors to finance the construction, purchase and rehabilitation, or the refinancing of rental housing projects, condominiums, and cooperatives.
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Rental demand is playing a large role in the home construction industry's current projects.
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As is required by law, the FHA recently alerted Congress that they have utilized 75% of their commitment authority for multifamily insured loans.
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Developers are ramping up apartment construction across the country to cash in on rising rents.
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(Updated May 2013)