What are Affordable Properties?

Affordable Properties and the HUD 223(a)(7) Refinancing Program

When it comes to HUD multifamily loans, affordable properties are those which using tax subsidies to provide below-market rents for low-income residents. Common examples include properties using HUD Section 8 housing subsidies, or properties taking advantage of the LIHTC program. HUD 223(a)(7) loans are fully equipped to refinance affordable properties currently financed with HUD 221(d)(4) or HUD 223(f) loans.

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