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.
Rental demand is playing a large role in the home construction industry's current projects.
As is required by law, the FHA recently alerted Congress that they have utilized 75% of their commitment authority for multifamily insured loans.
Developers are ramping up apartment construction across the country to cash in on rising rents.
(Updated May 2013)