Coming Soon: FHA Aiming to Launch Tax Credit Pilot This Summer
By Caitlin Jones
1 min read
Tax Credit Advisor, April 2011: The U.S. Department of Housing and Urban Development will probably launch its pilot program for processing FHA multifamily mortgage insurance applications for low-income housing tax credit projects this summer. It may also release its updated ÒMAPÓ underwriting guide and revised multifamily loan documents around the same time, according to HUD official Christopher Tawa.
These pieces are part of a broader HUD effort to modernize the Federal Housing Administration’s multifamily mortgage insurance programs to improve efficiencies, reduce application processing times, and make the programs more user-friendly for LIHTC projects.
