MBA Weighs in with HUD on Opportunity Zones Recommendations for FHA Multifamily Lending

MBA on Friday sent a letter to HUD Secretary Scott Turner proposing enhancements to FHA multifamily programs when they are used to construct multifamily in Opportunity Zones.

MBA’s suggestions include creating an express lane for Opportunity Zone projects, allowing projects to have the same underwriting standards as middle-income properties, and eliminating NEPA requirements.