HUD 221(d)(4) Frequently Asked Questions
Content tagged with: HUD 221(d)(4) replacement reservesClear filter
Section 8 Housing and HUD 221(d)(4) Loans
Section 8 is a U.S. government housing program managed by HUD that allows for the payment of rental assistance subsidies to landlords across the country. Right now, more than 4.8 million households use some form of Section 8 program assistance. For projects using HUD 221(d)(4) financing, having Section 8 rental assistance units can have a variety of financial benefits.
AMI: Area Median Income in Relation to HUD 221(d)(4) Loans
Area Median Income, or AMI, is a statistic published by HUD that estimates the median wealth of households in a specific area. AMI is used to determine qualification for a variety of housing programs, including Section 8 programs, as well as to determine eligibility for LIHTC credits.
Escrows and Replacement Reserves for HUD 221(d)(4) Loans
If you want to apply for a HUD multifamily loan, part of the HUD 221(d)(4) process involves making sure you have enough money saved in escrow-- i.e., in a third-party account, to cover a variety of expenses.