HUD Shows More Willingness To Use Partial Claim Payments to Help Financially Troubled Projects

摘要

HUD has reportedly begun to show more willingness to allow partial insurance claims as a way to resolve financial problems for FHA-financed low-income housing tax credit and other affordable housing projects.rnSheldon L. Schreiberg, an attorney with Pepper Hamilton, LLP in Washington, said that HUD has been reviewing its underwriting criteria for partial payment of claims (PPCs) with an eye toward exercising more flexibility in applying the requirements.