HUD Issues Update on FY11 Multifamily Preservation Regulatory Efforts

Marking the halfway point of FY11, HUD Deputy Assistance Secretary for Multifamily Housing Programs Carl Galante issued a statement highlighting her office’s recent regulatory efforts to help facilitate preservation of the nation’s existing affordable rental housing stock. The two-page memo mentions specific changes, such as those allowing for the subordination of Section 202 loans and the combination of efficiency units to reduce vacancies, and offers a link to the corresponding policy documentation. Click here for HUD’s preservation update.

— Posted on 5/16/2011