Low-Income Seniors Housing

Can HUD 223(f) Loans Finance Section 202 Properties? 

Can HUD 223(f) Loans Finance Section 202 Properties? 

HUD 223(f) loans can be used to acquire Section 202 properties, and they are subject to the same LTV and DSCR parameters as properties using other rental assistance properties, such as Section 8. The HUD 202 program is specifically intended to help increase the supply of affordable housing for very low-income elderly individuals across the United States by providing interest-free capital advances and rent subsidies to improve the affordability of the properties for their intended residents.