FHA®220
Mortgage Insurance for Rental Housing for Urban Renewal and Targeted Redevelopment*
Arbor provides FHA-insured, long-term, fixed rate financing for new construction and substantial rehabilitation of multifamily projects nationwide. This program provides for both construction and permanent financing for projects in urban renewal areas and other areas where local governments have undertaken designated revitalization activities. Applications are typically processed in two stages (preliminary application followed by firm application). Affordable/rental assisted projects and HUD experienced development teams may request a “straight to firm” application, saving significant time by eliminating the preliminary application stage.