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Part 32 Contract FinancingAcquisition GOV  Form

Part 32 Contract FinancingAcquisition GOV Form

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tell us a little bit about how HUD is financing affordable housing development town what are they what is each one and how do they differ one another for each Hud loan program there are different requirements you have a private developer you have the federal government in the form of the Department of Housing and Urban Development and it acts through the federal housing Administration and the lender though will actually be a private bank and so you go to an FHA lender a HUD approved lender to get one of these commercial loans so a 221 D3 is the most common that's a new construction loan you go through a series of regulatory underwriting processes and you satisfy the US Department of Housing and Urban Development that you are meeting a housing need in a particular neighborhood so you have a market study you have A needs assessment you could charge Market rent as long as it's in an area that needs housing and if you satisfy all the underwriting criteria the physical plann

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