GRANTRADAR/Grant Programs/HUD 221(d)(4) FHA Multifamily Mortgage Insurance
FederalLoan / Loan GuaranteeStackable

HUD 221(d)(4) FHA Multifamily Mortgage Insurance

Administered by US Department of Housing and Urban Development · Federal Program

BENEFIT
Up to $75M
Deadline type: rolling

Eligibility Requirements

  • 1New construction or substantial rehabilitation of multifamily rental
  • 2Minimum 5 units
  • 3Low LTV requirements: up to 85% LTV for market rate, 87% for affordable
  • 440-year non-recourse fixed-rate financing available

Eligible Project Types

MultifamilyAffordable HousingMixed Use
STACKING POTENTIAL

HUD 221(d)(4) FHA Multifamily Mortgage Insurance is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this federal credit with state brownfield TIF, historic tax credits, and local abatements to maximize total incentive value. Use GrantRadar to see your full stack.

Source: US Department of Housing and Urban Development official program page ↗ · Last verified 2026-04-01
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STACKABLE WITH
Federal Historic Tax Credit
20% credit · Tax Credit
New Markets Tax Credit
39% credit · Tax Credit
Opportunity Zone Program
Negotiated / contact agency · Tax Abatement / Other
Federal Low Income Housing Tax Credit
Negotiated / contact agency · Tax Credit
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