Understanding HUD Programs
Explore the comprehensive range of HUD financing and assistance programs available to support affordable housing development and community investment.
Available HUD Programs
Prime Meridian specializes in structuring deals across multiple HUD programs to maximize returns and community impact.
HUD 221(d)(4)
Multifamily Rental Housing
Provides financing for new construction and substantial rehabilitation of multifamily rental housing. Ideal for developers seeking long-term, fixed-rate financing with favorable terms.
90% LTV financing available
Up to 40-year amortization
Covers acquisition, construction, and soft costs
Generates 25-35% IRR with LIHTC stacking
HUD Section 8
Housing Choice Vouchers
Provides rental assistance to low-income families, enabling them to afford safe, decent housing in the private market. Offers stable, predictable cash flow for property owners.
Stable federal rental assistance
Predictable cash flow with 90% HUD financing
Reduced vacancy risk
25-30% IRR potential with proper structuring
Low-Income Housing Tax Credits (LIHTC)
Tax Credit Program
Provides tax incentives to developers and investors to build and rehabilitate affordable rental housing. Creates significant equity for project financing.
10-year tax credit stream
Generates significant equity with 90% HUD financing
Supports mixed-income developments
25-35% IRR when layered with HUD 221(d)(4)
HUD 202
Housing for the Elderly
Provides supportive housing for very low-income elderly persons. Includes rental assistance and supportive services coordination.
Supportive housing for seniors
Rental assistance included
Service coordination available
Very low-income targeting
HUD 811
Housing for Persons with Disabilities
Provides supportive housing for very low-income persons with disabilities. Includes rental assistance and supportive services.
Supportive housing for disabled persons
Rental assistance included
Service coordination available
Accessibility requirements
HUD 223(f)
Refinancing of Existing Housing
Provides refinancing for existing multifamily rental housing. Allows owners to access equity and improve properties.
Refinancing existing properties
Access to equity
Rehabilitation financing available
Flexible underwriting
New Markets Tax Credits (NMTC)
Community Development
Provides tax credits for investments in low-income communities. Catalyzes economic revitalization and job creation.
Community development focus
Tax credit incentives
Economic revitalization
Job creation potential
Opportunity Zones
Tax-Advantaged Investment
Provides capital gains tax incentives for investments in economically distressed communities. Long-term growth potential with tax benefits.
Capital gains tax deferral
Tax-free appreciation
Economic development focus
Long-term investment horizon
Program Comparison
| Program | Loan Type | Max Term | Target Population |
|---|---|---|---|
| HUD 221(d)(4) | Permanent Financing | 40 years | Mixed-Income |
| HUD Section 8 | Rental Assistance | Ongoing | Low-Income |
| Low-Income Housing Tax Credits (LIHTC) | Tax Credits | 10 years | Low-Income |
| HUD 202 | Permanent Financing | 40 years | Elderly |
| HUD 811 | Permanent Financing | 40 years | Disabled |
| HUD 223(f) | Refinancing | 40 years | Mixed-Income |
| New Markets Tax Credits (NMTC) | Tax Credits | Variable | Low-Income Communities |
| Opportunity Zones | Tax Incentives | 10+ years | Distressed Areas |
Ready to Explore HUD Financing Options?
Our team of HUD specialists can help you identify the optimal program mix for your development project and maximize investor returns.