Greystone to provide $25 million in HUD-insured construction financing for a multifamily project; the COVID-19 outbreak has spurred technological innovation at FHA; A new hire for Down Payment Resource.
Thousands of rural multifamily rehabilitation loans have become ineligible for a Ginnie guarantee due to USDA’s reformed interpretation of its subordinate-lien policy.
Proposed changes to the Section 502 Direct Home Loan and Grant Program would improve flexibility and make the DHLGP accessible to more low- and very-low-income rural borrowers.