Revised Federal Underwriting Guidelines for Multi-Family Projects


The Feds have revised underwriting guidelines, effective October 15, 2019, relaxing standards in place since 2011. This stands to open up more possibility for FHA financing in communities. Among the revisions:

  • Up to 65% of units can be rented without losing eligibility

  • Increased the length of time that a project approval lasts (from 2 years up to 3 years)

  • New revisions allow for spot-approval of a project