HUD has made it easier to access funds for the development or financing of affordable housing by updating its Multifamily Accelerated Processing (MAP) guidance, which is used by lenders underwriting Federal Housing Administration (FHA) deals. In an effort to encourage investment in this much-needed asset class, HUD has simplified the due diligence that must be performed before closing a HUD loan. Specifically, the recent changes to the HUD MAP Guide impact the underwriting requirements relating to environmental risk, radon, reduction in energy expenses, accessibility, and reserve analysis studies that must be performed during the due diligence phase. The new guide will become effective for all program loan applications for FHA multifamily mortgage insurance received on or after May 28, 2016. I am hosting a webinar on Thursday April 14th where I, along with a panel of HUD due diligence experts, will provide an overview of the changes in detail. Read on to learn more about the 6 key changes that will streamline the loan approval process!
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March 26, 2025
New Jersey Senate Bill 2188 introduces new requirements in which all New Jersey building owners, New Jersey Department of Health (DOH), New Jersey Department of Environmental Protection (DEP), and public water utilities will need to comply to prevent the transmission of Legionnaires’ disease.
March 24, 2025
Christy Kim, AIA CASp, and Sara Ehrentreu provide insightful perspectives on the potential changes to building codes and their impact on rebuilding efforts after a fire.
March 24, 2025
The ALTA/NSPS Land Title Surveys standards are updated every 5 years. The next set of standards is anticipated to be released by the end of 2025 and will be in effect in early 2026. To facilitate a smooth transition in standard adoption for our CRE clients, Partner’s team of experts will provide a suite of educational materials. Please check back for updates.
