Friday, December 16, 2011

HUD/FHA Aims to Process LIHTC Deals More Quickly.

Picked up story HERE from Multifamily Executive tweet. (There were no FHA MF LIHTC loans in Oregon in FY 2011, see my prior post HERE with nationwide data on FHA MF LIHTC loans. 

Likely this story is the result of changes found in HUD MAP guide HERE . It includes several references to LIHTC processing and [Section 5.28] streamlining. (One reference indicates that LIHTC projects are not subject to cost certification, which would be a big post construction time saver).

Note: First FHA insured LIHTC MF loan in the country may have been Autumn Park in Wilsonville in 1989:)

Originally created and posted on the Oregon Housing Blog.

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