Private developers can get HUD-backed loans, even for market-rate projects, but it usually requires a little extra help and a lot more time. Though it may come as a surprise to some, the U.S. Department of Housing and Urban Development—whose core mission is affordable housing—often helps private sector developers get multifamily projects funded. For example,
HUD-backed loans have made Capital Region multifamily projects possible
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
