HUD 223(f) Rehabilitation Limits

Do HUD 223(f) Loans Place Limits on Rehabilitation Work?

Do HUD 223(f) Loans Place Limits on Rehabilitation Work?

HUD 223(f) loans allow for rehab work up to $15,000 per unit, which is multiplied by a local cost factor, often between 190-270%. In addition, renovations are not permitted to replace more than 50% of any two major building components, such as electrical systems, plumbing, mechanical systems, building structural systems, and the building envelope.