What is Cooperative Housing?

Cooperative Housing in Relation to HUD 221(d)(4) Loans

A housing cooperative is a membership-based cooperative or corporation which owns real estate. It typically consists of one or more residential buildings. Cooperative Housing is a type of housing tenure, or the right to live in a certain residence. HUD 221(d)(4) loans can finance elevator-type cooperative housing. However, there may be certain restrictions on the amount of units owned by investors vs. the amount of units owned by residents. Due to this, borrowers who wish to build or substantially renovate a cooperative housing development should check with their lender and HUD to learn more.


To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form below and a HUD lending expert will get in touch.