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HUD: Initial Endorsements of Multifamily Housing Loans Jumped in 2002

Thursday, November 21, 2002 - 1:45AM

Initial endorsements of multifamily housing loans increased dramatically in fiscal year 2002 according to the U.S. Department of Housing and Urban Development (HUD), which endorsed 1,104 basic FHA & risk sharing loans totaling $6.5 billion and providing 146,991 units or beds. The number of basic FHA loans endorsed exceeded 2001 endorsements by 55 percent and was more than double fiscal year 2000 levels. For a list of low-income housing tax credit (LIHTC) projects by state that were initially endorsed by HUD for loans in 2002, click here. The list includes 81 loans totaling LIHTC 12,248 units.

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