1. Home
  2. FHA Apartment Loans
  3. FHA Mortgages For Urban Renewal Rental Housing: HUD Section 220

HUD Section 220

HUD Section 220

Section 220 insures loans for apartments and other multifamily properties in urban renewal areas, code enforcement areas, and other locations where local governments have designated revitalization activities.

Purpose

Section 220 protects lenders by insuring them against losses from mortgage defaults. Section 220 enables nonprofit cooperative living corporations or trusts to develop or sponsor the development of housing projects to be operated as cooperatives. Section 220 also allows investors to provide good quality multifamily housing to be sold to non-profit corporations or trusts upon completion of construction or rehabilitation.

Eligible Uses

This program insures lenders against losses caused by mortgage defaults. Section 220 provides an increase of quality to urban areas that are going through a process of revitalization.

FHA Multifamily Mortgages

Multifamily Loans
Cooperative Housing - Section 213 Existing Multifamily Rental Housing - Sections 207/223(F)
Housing Finance Agency Risk-Sharing - Section 542(c) Manufactured Housing - Section 207
Rental & Cooperative Housing - 221(d)(4) Rental Housing - Section 207
Rental Housing for Urban Renewal and Concentrated Development Areas - Section 220 Risk-Sharing Program - Qualified Participating Entities (QPE) - Section 542(b)
Senior Housing - Section 231 Supplemental Multifamily Loans - Section 241

FHA Special Needs Housing Loans

FHA Special Needs Housing Mortgages
Assisted Living Conversion Program (ALCP) Demonstration Program for Elderly Housing for Intergenerational Families
Emergency Capital Repair Program (ECRP) Supportive Housing for the Elderly Program - Section 202
Supportive Housing for Persons with Disabilities - Section 811

FHA Health Care Mortgages

FHA Health Care Mortgages
Hospital Facilities - Section 242 Residential Care Facilities - Section 232

Commercial Loan Finder

Fill this form out to find the best commercial loan programs for your needs.

Get A Free Quote

Get a free commercial loan quote. This process does not affect your credit score.

Please put your first name here.
Please put your last name here.
Please put your email here.
Please put your phone number here.
Please select a property type.

Real Deals. Real Results.

Success Stories

See how we've helped borrowers across the country close complex deals and reach their goals.

Ace Hardware Franchise Grand Opening - Herb and Gwen Velazquez SBA 7(a)

New Ace Hardware Franchise Financing

Alpharetta, GA Retail Franchise Real Estate + Working Capital

CLD was most helpful from answering my initial questions to the follow up... We would not have been able to start this business without CLD.

— Herb & Gwen Velazquez Read Story
Golden Valley Luxury Apartments - 332 Units, Bakersfield CA CMBS

Apartment Refinance — 332 Units

Bakersfield, CA Luxury Multifamily Non-Recourse · 10-Yr I/O

I had a tremendously good experience with CLD and especially with my loan specialist — she identified the ideal loan program and handled everything professionally.

— Golden Valley Apartments Read Story
University Place Apartments - Student Housing, Columbia MO Conventional

Student Housing Refinancing — 181 Units

Columbia, MO Mixed-Use Student Housing Non-Recourse · 10-Yr

I felt confident through the process that things were under control, that my interests were protected — always a pleasure to work with.

— Mark Leifield Read Story

Want to see what real clients say about working with us?

Read Our Unfiltered Reviews

Was this page helpful?