Why it matters
Faster loan reviews could affect financing timelines for developers building multifamily housing through the tax-credit program. The article does not quantify effects on housing supply, costs, or borrowers.
HOUSING & REAL ESTATE • UNITED STATES
HUD launches expedited review process for LIHTC construction loans
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BLUF
The U.S. Department of Housing and Urban Development has launched an “express lane” for reviews of multifamily construction loans tied to the Low-Income Housing Tax Credit, according to Multifamily Dive. The article describes the deals as lower-risk but provides no figures on the program’s scope or expected effect.
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