Subsidized Affordable Housing and the HUD 221(d)(4) Loan Program
Subsidized affordable housing is housing where residents receive rent assistance, but must pay at least 30% of their income for their rent and utilities. Examples include Section 8 Public Housing, Homeless Project-Based Units and HOPWA Facility-Based Housing. Subsidized affordable properties that are already part of a HUD legacy program may apply for the HUD Rental Assistance Demonstration (RAD) program, which helps owners get private capital investment and loans for their properties. HUD 221(d)(4) properties are eligible for the Section 8 program, and RAD-eligible properties may also be eligible for HUD 221(d)(4) loans in certain circumstances.
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.