HUD expected to further ease restrictions on mixed-use financing

The administrative change to follow recent successful FHA standards, according to CNU president John Norquist.

The financing of low-to-mid-rise mixed-use buildings, restricted by federal rules since the 1930s, will likely become easier this year, the Congress for the New Urbanism (CNU) reports.

The Federal Housing Authority (FHA) raised its nonresidential loan limits to 35 percent from 20 percent in 2012 — now it looks like the US Department of Housing and Urban Development (HUD) is moving forward with reforms in other programs.

Officials from HUD’s multifamily unit recently told CNU president and CEO John Norquist, New York Regional Plan Association executive director Thomas Wright and Richard Oram of the Oram Foundation that further reforms are expected in HUD's Sections 221d4 and 220 multifamily financing programs, due for release in September 2014.

Full Story: HUD expected to further ease restrictions on mixed-use financing

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