Who is eligible to reside in HUD/FHA 221(d)(4) properties?

HUD/FHA 221(d)(4) Tenant Eligibility 

If you're considering building or renovating a multifamily residential property with a FHA 221(d)(4) loan, you might be wondering if it restricts or limits the kinds of residents that can live in the development. And, in pretty much every case, the answer is no. 

There are no Limits on Income for HUD/FHA 221(d)(4) Building Tenants 

Unlike some types of HUD multifamily loans, which may have limits in certain situations, HUD 221(d)(4) developments do not have any resident income limits. Subject to normal tenant selection, any family is eligible to reside a property that's covered by FHA multifamily mortgage insurance. 

Some HUD/FHA 221(d)(4) Projects are Designed Specifically for Handicapped or Elderly Residents 

Some builders and developers (especially nonprofits) use the HUD 221(d)(4) loan program to design and build multifamily projects designed specifically for the handicapped or elderly. Previously, much rental housing for the elderly was financed under the HUD/FHA Section 231 loan program. However, today, the FHA 221(d)(4) loan program has become more popular. 


To learn more about getting A HUD 221(d)(4) loan for your multifamily project, fill out the form below and a HUD mortgage specialist will get in touch.