FHA ANNOUNCES PILOT PROGRAM TO ACCELERATE FINANCING OF LOW-INCOME HOUSING TAX CREDIT PROJECTS
By HUD -

WASHINGTON, DC – February 13, 2012 – (RealEstateRama) — The Federal Housing Administration (FHA) today unveiled a new pilot program to test an accelerated approval process for the purchase or refinancing of multi-family rental properties assisted through the Low-Income Housing Tax Credit (LIHTC) Program.


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HUD
http://www.hud.gov/

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

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