The U.S. Department of Housing and Urban Development’s (HUD) mission has always been the same: to provide affordable housing. During the most recent (and ongoing) recession, HUD-Insured Loans remained a viable alternative to Government National Mortgage Association (GNMA), Fannie Mae, and Freddie Mac, offering fully amortized long-term loans to multifamily and healthcare properties. However, history has shown that HUD is a counter-cyclical funding finance vehicle. How can HUD nurture their mission in an evolving cycle? The answer may lie in the aging public housing inventory.
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