HUD lender profile
Department of Housing and Community Development: HUD multifamily lending record
HUD insured 34 multifamily loans with Department of Housing and Community Development as lender in FY2022-FY2026, for $337 million and 3,047 units. That is 0.5% of all HUD multifamily dollars in those years and #38 among lenders.
- HUD files it as DEPARTMENT HOUSING COMM DEV
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 7 HUD loans for $100.0 million, up 154% from FY2025 and ranking #32 among HUD multifamily lenders that year.
Its HUD book is concentrated: HFA risk share made up 100% of its dollars over five years.
Every one of those loans was in Maryland.
Its median loan was $7.3 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.
33 of its 34 loans (97%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
Most of its HUD volume is Section 542(c) risk sharing, where a state or local housing finance agency underwrites the loan and shares losses with HUD. Those loans are not MAP loans and follow the agency's own process, which is why firm-to-closing times look so different from FHA's full-insurance programs.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 7 | $100.0M | 0 | 0 | #32 | |
| FY2025 | 6 | $39.4M | 0 | 0 | #40 | |
| FY2024 | 7 | $71.3M | 0 | 0 | #26 | |
| FY2023 | 9 | $70.4M | 0 | 0 | #31 | |
| FY2022 | 5 | $56.1M | 0 | 0 | #41 | |
| FY2021 | 6 | $59.9M | 0 | 0 | #41 | |
| FY2020 | 3 | $26.6M | 0 | 0 | #54 | |
| FY2019 | 6 | $81.2M | 0 | 0 | #33 | |
| FY2018 | 6 | $55.8M | 0 | 0 | #39 | |
| FY2017 | 6 | $46.5M | 0 | 0 | #40 | |
| Since FY2005 | 103 | $898M | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 542(c) housing finance agency risk sharing | 34 | $337M | $7.3M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Maryland | 34 | $337M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (34)
- 76 days median
- Middle half of its loans
- 48-121 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-03 | Help Perry Point Veterans Village Phase II · MD | HFA risk share | $14.9M |
| 2026-05-18 | Loch Raven Overlook 4 · MD | HFA risk share | $8.6M |
| 2026-05-18 | Village at Mitchell Pond · MD | HFA risk share | $7.3M |
| 2026-03-19 | Addison Park · MD | HFA risk share | $47.7M |
| 2026-03-16 | Cottages at Riverhouse II · MD | HFA risk share | $2.8M |
| 2026-03-11 | The Madison on North Market 4% · MD | HFA risk share | $11.4M |
| 2025-12-11 | Chestertown Landing I · MD | HFA risk share | $7.3M |
| 2025-06-05 | Hamlet Woods · MD | HFA risk share | $14.1M |
| 2025-04-09 | Clare Court II · MD | HFA risk share | $6.8M |
| 2025-04-09 | Sunset Hargraves Apartments · MD | HFA risk share | $5.2M |
| 2024-11-04 | Brittany Bay · MD | HFA risk share | $3.0M |
| 2024-10-31 | Riverside Homes and Mitchell Landing Apartments · MD | HFA risk share | $6.7M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Addison Park · MD | HFA risk share | $47.7M |
| College Parkway Place · MD | HFA risk share | $36.5M |
| Canton Overlook · MD | HFA risk share | $22.7M |
| Woodyard Station Senior Apartments · MD | HFA risk share | $15.5M |
| Help Perry Point Veterans Village Phase II · MD | HFA risk share | $14.9M |
| Little Patuxent · MD | HFA risk share | $14.2M |
| Hamlet Woods · MD | HFA risk share | $14.1M |
| Heritage Homes · MD | HFA risk share | $12.1M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Department of Housing and Community Development as servicer on 100 apartment loans with $720 million of balance and 9,783 units. The median note rate on that book is 4.55%. 16 of the loans carry a rate under 4%. 1 mature within five years. HUD lists the same name as holder of 100 loans.
- Risk sharing
- 100 loans
Largest servicing states: Maryland (100).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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