HUD Announces No Changes in Fiscal 2009 FHA Multifamily MIPs

摘要

HUD is making no changes in the FHA multifamily mortgage insurance premiums for fiscal 2009, according to a notice published in the September 24 Federal Register. For apartment loans, the annual MIP will be 45 basis points for all projects with low-income housing tax credits, though the first-year premium will be 1 percent for Section 207/223(f) loans. The premium will also be 45 basis points for Section 232(a)(7) refinancing loans and Section 221 (d)(4) loans on projects without tax credits. For other projects without tax credits, the MIP will be 50 basis points for Section 207 apartment and manufactured home park loans, Section 220 urban renewal housing loans, and Section 207/223(f) refinancing loans, which will have a first-year premium of 1 percent. The MIP will be 80 basis points for Section 221 (d) (3) loans to nonprofit mortgagors on projects without tax credits, Section 223 (d) operating loss loans, and Section 241 (a) supplemental loans on projects without tax credits.