Federal Housing Agency Expands Loan Eligibility for Rental Developments

The U.S. Department of Housing and Urban Development (HUD) has expanded federally insured financing options for Build-to-Rent housing communities. This immediate policy change allows single-family homes, duplexes, and triplexes, including manufactured homes, to qualify under FHA's Section 221(d)(4) and Section 223(f) multifamily mortgage insurance programs. HUD Secretary Scott Turner stated the initiative aims to reduce housing development barriers, increase rental supply, and improve affordability for American families.