What is Rehabilitation?

Rehabilitation Definition

Rehabilitation is defined as any costs (including materials, tools, and labor) associated with improving buildings. This usually excludes routine and/or minor repairs. While HUD 221(d)(4) loans are equipped to handle the substantial rehabilitation of multifamily properties, HUD 223(a)(7) loans can typically only finance moderate repairs.

To learn more about the HUD 223a7 refinance program, fill out the form below to speak to a HUD/FHA loan expert.