Get Preserving Multifamily Propertieshud.gov / U.s. Department Of ...

The Department of Housing and Urban Development (HUD) is responsible for national policy and programs that address America's housing needs, that improve and develop the Nation's communities, and enforce fair housing laws.

mul·​ti·​fam·​i·​ly ˌməl-tē-ˈfam-lē -ˌtī-, -ˈfa-mə-lē : involving or common to more than one family. a multifamily home.

Section 18008.7 - "Multifamily manufactured home" defined (a) "Multifamily manufactured home," for the purposes of this part, means either of the following: (1) A structure transportable under permit in one or more sections, designed and equipped to contain not more than two dwelling units, a dormitory, or an ...

A multi-family home is a single building that's divided to accommodate more than one family living separately. They can range from a duplex, which has two dwellings within a single building, to homes or small apartment buildings with up to four individual units.

HUD's Federal Housing Administration (FHA) "Office of Multifamily Housing Programs" is responsible for the overall management, development, direction and administration of HUD's Multifamily Housing Programs.

HUD sets the lower income limits at 80% and very low-income limits at 50% of the median income for the county or metropolitan area in which you choose to live. Income limits vary from area to area so you may be eligible at one HA but not at another.

A multi-family investment property offers multiple units under one roof, allowing you to generate rental income from multiple tenants simultaneously.

The primary disadvantage of multifamily investing is that it requires more capital upfront than other types of investments, apart from other, large commercial assets. Multifamily investments often require a larger down payment than other types of investments, as well as larger monthly mortgage payments.