HUD's insurance requirements are designed to protect both the property investment and the residents who call these communities home. This guide breaks down exactly what coverage HUD demands, how requirements shift across different loan programs, and what additional...
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What is the Low-Income Housing Tax Credit Program (LIHTC)?
The Low-Income Housing Tax Credit (LIHTC) represents the federal government's most significant tool for encouraging affordable housing development. Since its creation in 1986, the program has financed more than three million affordable rental units across the country....
What Are Project Rental Assistance Contracts (PRAC)?
What is a HUD Project Rental Assistance Contract (PRAC)? A Project Rental Assistance Contract (PRAC) is a rental subsidy program administered by the U.S. Department of Housing and Urban Development (HUD) under Section 202 and Section 811 of the Housing Act. The...