HUD Publishes Two Mortgagee Letters: Creating a Middle Income Housing Option and Multifamily Changes in Debt Service Coverage Ratios and Loan to Value/Loan to Cost Ratios
On January 8, 2025, HUD’s Office of Multifamily Housing sent out the following information: The Office of Multifamily Housing Programs published two Mortgagee Letters updating the Federal Housing Administration’s (FHA’s) Multifamily Housing Programs’ underwriting standards and guidelines. Creating a Middle Income Housing Options for 221(d)(4) Mortgagee Letter, creates a new set of underwriting thresholds for Middle…