FINANCING PROGRAMS
MAP Section 221(d)(4) Program
The MAP Section 221(d)(4) Program provides for the new construction or substantial rehabilitation of multi-family properties.
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MAP Section 223(f) Program
The MAP Section 223(f) Program provides for the refinance of existing properties that are at least 3 years old (from the date of initial occupancy). Moderate repairs are permitted.
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MAP Section 223(f) Program for Assisted Living Conversion Program (ALCP)
The MAP Section 223(f)for Assisted Living Conversion Program has special rules to facilitate the refinancing of HUD properties that have previously received Assisted Living Conversion Program (ALCP) grants. HPCC closed the first 223(f)/ALCP loan in the country.
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MAP Section 223(a)(7) Program
The MAP Section 223(a)(7) Program provides mortgage insurance for the refinancing of multi-family properties that currently carry FHA insured mortgages.
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MAP Section 241(a) Program
The MAP Section 241(a) Program provides loans to help finance repairs, additions, and improvements to multi-family rental housing facilities with either FHA insured or HUD held first mortgages.
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LEAN Section 232 Program (Healthcare)
The LEAN Section 232 program provides financing for new construction/substantial rehabilitation of skilled nursing, assisted living, and board and care facilities with limited independent living units.
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LEAN 232/223(f) Program (Healthcare)
The LEAN Section 232/223(f) program provides financing for the purchase or refinance of skilled nursing, assisted living, and board and care facilities with limited independent living units.
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LEAN Section 232/223(a)(7) Program (Healthcare)
The LEAN Section 232 / 223(a)(7) Program provides mortgage insurance for the refinancing of healthcare properties that currently carry FHA insured mortgages.
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LEAN Section 232/241(a) Program (Healthcare)
The LEAN Section 232/241(a) Program provides loans to finance repairs, additions, and improvements to healthcare properties with FHA insured or HUD held first mortgages.
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USDA/RD 538 Program
The USDA/RD 538 Program provides financing to qualified borrowers in order to increase the supply of affordable rental housing for both low and moderate-income individuals and families in eligible rural areas and towns.
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