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 Hud 9834 2012

Hud 9834 Printable 2012-2024 Form

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Instructions and help about hud form 9834 addendum b

A common question we receive is whether you can include commercial income as part of a HUD transaction and the answer is yes across the board but the amount that you can include varies depending upon property type in program type as a general rule of thumb the lower the amount of commercial space and revenue that's received from commercial sources the better HUD does not want to have a true quote-unquote mixed-use project where you have forty or fifty percent of the project dedicated towards a commercial component so as seen in this chart here HUD stratifies the commercial limitations in two categories one based on net rentable area and one based on effective gross income the 221 d4 and 231 programs are for apartment construction and rehab, so the maximum amount of commercial space is 25 percent of the original area and 15 percent of the effector gross income the 223f program is the permanent only program for apartments and as limited to 25 percent of the net rental area as well and 20

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