MBA Education FHA Affordable/221(d)(4) Training Program Starts Sept. 13
Following in the footsteps of MBA Education’s popular FHA Multifamily Underwriting Training Program, MBA announce an extension to its FHA multifamily coursework.
The all new and comprehensive FHA Affordable/221 (d)(4) Training Program continues the learning with an extensive and rigorous curriculum. The course is designed to set the standard for skills required for affordable multifamily and new construction or substantial rehabilitation lending and was developed in consultation with expert teams of MAP lenders, affordable housing experts, underwriters, building engineers, environmental professionals, appraisers and attorneys.
At the end of this comprehensive course, participants can demonstrate mastery of knowledge, skills and abilities expected of underwriters for underwriting affordable multifamily and new construction or substantial rehabilitation transactions, including:
Key Business Applications Include:
Improved quality and accuracy in FHA affordable/ and new construction/ substantial rehabilitation lending
Improved processing times for FHA multifamily affordable/221(d)(4) loans
Improved working relationships and consistency in decision-making by HUD staff and MAP lenders
Increased awareness and application of multifamily affordable and new construction and substantial rehabilitation best practices
Successful completion of this program requires submitting weekly homework assignments and passing the final exam.
Learning Objectives:
Explore the current state of the affordable/LIHTC market
Comprehend affordable housing and affordable housing finance terms
Understand the Low-Income Housing Tax Credit and tax-exempt bonds
Clarify HUD’s various roles in providing affordable housing
Summarize regulations regarding affordable/LIHTC financing
Explore the roles of the development team
Review requirements for new construction and sub-rehab transactions
Clarify HUD MAP Guide requirements
Outline construction loan administration and servicing
The Details/Schedule:
The course is offered via a blended format, combining the flexibility and ease of web-based study and self-study.
Virtual kick off September 13, 2021
Twice-weekly two-hour live webinars (Tuesdays and Fridays) 1:00pm – 3:00pm ET
Course concludes with the final exam on December 21, 2021
Approximately 1-2 hours per week of self-study and assignment completion outside of class
Who Should Attend:
Applicants must be employed and approved to participate by a lender fully approved under HUD’s MAP Program or employed and approved to participate by HUD.
Professionals must be either FHA MAP certified or have earned MBA Education’s FHA Multifamily Underwriter Training Program Certificate of Completion.
Minimum 3 years of experience underwriting FHA multifamily loans
1-3 years’ experience with affordable housing
1-3 years’ experience with new construction or substantial rehabilitation projects
Be familiar with the concepts of construction and tax-exempt bonds
HUD staff
How to Apply/Application Deadlines:
Application Deadline: June 30
Open Enrollment Ends: June 30
Selection Notification: July 16
Tuition Deadline: July 30
Tuition Non-Refundable: August 13
Program Begins: September 13
For More Information:
Amanda Straub
Senior Training Coordinator Specialist
Mortgage Bankers Association
Phone: (202) 557-2921
Email: astraub@mba.org
