Management Company Requirements
Qualifications, underwriting documents and management-agent insurance.
Affordable housing
Preserve homes. Create opportunity.
Built around your property.
Bedford works with affordable housing owners and developers on new construction, substantial rehabilitation, acquisitions and refinancing. Qualifying rent and income restrictions or project-based assistance can affect loan sizing and debt-service coverage.
A property with naturally low rents does not automatically meet HUD’s affordable housing definitions. We review the recorded restrictions, monitoring arrangements and assistance contracts alongside the proposed financing. See the affordability handout for the definitions and program-specific distinctions.
Discuss your projectExplore your financing options.
HUD 223(f)
Multifamily acquisition & refinance
Acquire or refinance an existing apartment community with long-term, fixed-rate HUD financing.
- Up to 35 years, fixed rate.
- Cash-out refinancing up to 80% LTV.
Multifamily construction & substantial rehab
Build or substantially renovate an apartment community with construction-to-permanent HUD financing.
- Up to 40 years, fixed rate.
- Construction and permanent financing in one loan.
Multifamily streamlined refinance
Refinance an existing HUD-insured apartment loan to improve its long-term financing structure.
- Potential extension of up to 12 years.
- Fixed-rate refinancing of existing HUD debt.
Multifamily supplemental financing
Improve or expand an eligible apartment property while retaining its existing FHA-insured first mortgage.
- Fixed-rate financing for improvements and additions.
- Keep your existing FHA-insured first mortgage.
Program documents.
More documents for this program 8 files
Ownership & closing
Affordability & Loan Sizing
Current sizing categories and the separate middle-income 221(d)(4) option.
Property Insurance Requirements
Coverage, evidence of insurance and lender requirements.
Financial Statements & Mortgage Credit
Borrower entities, principal review and financial statement requirements.
HUD Multifamily Regulatory Agreement (2026)
Official multifamily form for firm commitments issued on or after April 1, 2026; confirm the applicable edition with counsel.
Building Accessibility Requirements
An overview of Fair Housing Act, Section 504 and ADA considerations.
Secondary Financing
A Bedford guide to reviewing the capital structure, repayment terms and HUD requirements.
Real Estate Tax Abatements & TIFs
Bedford’s explanation of long- and short-term abatements, PILOTs and tax increment financing. Included numbers are illustrations, not a financing quote.