HUD 221(d4 )



New construction projects and existing developments may be built/renovated, refinanced and insured under a variety of programs offered by the Department of Housing and Urban Development (HUD). VSI consults with housing authorities nationwide concerning HUD-subsidized housing development, redevelopment and marketability. VSI works with HUD approved lenders in using the 221(d4) mortgage insurance program to assist in development of market-rate multifamily housing.

HUD requires that market studies, for multifamily projects using HUD guarantees, follow a specific format based on the Multifamily Accelerated Processing (MAP) guide, initially published in 2000, and recently revised in 2002. The VSI MAP-formatted study adheres to the specific guidelines established by the MAP guide. We have produced and presented dozens of studies to HUD offices nationwide.