HUD Expands Federally Insured Financing for Build-to-Rent Communities to Boost Housing Supply

The U.S. Department of Housing and Urban Development (HUD) is expanding access to federally insured financing for "Build-to-Rent" communities, a move designed to increase the supply of rental housing nationwide. Under this updated policy, single-family homes, duplexes, and triplexes, including manufactured homes, will now qualify for financing through the Federal Housing Administration's (FHA) Section 221(d)(4) and Section 223(f) multifamily mortgage insurance programs. HUD Secretary Scott Turner stated that the change, effective immediately, aims to remove barriers to housing development, broaden rental options, and enhance affordability for American families.