HUD lender profile
Minnesota Housing Finance Agency: HUD multifamily lending record
HUD insured 44 multifamily loans with Minnesota Housing Finance Agency as lender in FY2022-FY2026, for $186 million and 2,604 units. That is 0.3% of all HUD multifamily dollars in those years and #43 among lenders.
- HUD files it as MINNESOTA HOUSING FINANCE AGENCY
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 6 HUD loans for $24.5 million, down 49% from FY2025 and ranking #45 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 Minnesota.
Its median loan was $3.6 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.
32 of its 44 loans (73%) 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 | 6 | $24.5M | 0 | 0 | #45 | |
| FY2025 | 9 | $48.4M | 0 | 0 | #37 | |
| FY2024 | 14 | $64.4M | 0 | 0 | #30 | |
| FY2023 | 6 | $21.7M | 0 | 0 | #46 | |
| FY2022 | 9 | $27.1M | 0 | 0 | #50 | |
| FY2021 | 12 | $34.5M | 0 | 0 | #49 | |
| FY2020 | 12 | $28.2M | 0 | 0 | #52 | |
| FY2019 | 8 | $26.4M | 0 | 0 | #46 | |
| FY2018 | 8 | $16.5M | 0 | 0 | #52 | |
| FY2017 | 8 | $10.7M | 0 | 0 | #58 | |
| Since FY2002 | 172 | $541M | ||||
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 | 44 | $186M | $3.6M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Minnesota | 44 | $186M |
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 (44)
- 600 days median
- Middle half of its loans
- 241-785 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-07-22 | Cb Ford Site II · MN | HFA risk share | $3.1M |
| 2026-07-01 | Carver Place · MN | HFA risk share | $4.6M |
| 2026-06-10 | Lewis Lofts · MN | HFA risk share | $3.1M |
| 2026-05-12 | Gladstone Village I · MN | HFA risk share | $6.5M |
| 2026-04-15 | Wadaag Commons · MN | HFA risk share | $2.9M |
| 2026-03-10 | Union Park Flats · MN | HFA risk share | $4.3M |
| 2025-09-10 | Valleyhigh Flats II · MN | HFA risk share | $4.9M |
| 2025-08-27 | Walnut Towers · MN | HFA risk share | $5.5M |
| 2025-08-18 | Goldenrod Glen · MN | HFA risk share | $4.7M |
| 2025-07-09 | Phalen Village · MN | HFA risk share | $4.0M |
| 2025-02-11 | Nolte River Place · MN | HFA risk share | $6.8M |
| 2025-01-24 | 5240 Apartments · MN | HFA risk share | $5.7M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Olson Towne Homes · MN | HFA risk share | $13.8M |
| The Lumin at Highland Bridge · MN | HFA risk share | $10.6M |
| Wirth on the Woods · MN | HFA risk share | $8.7M |
| Snelling Yards Senior Housing · MN | HFA risk share | $7.7M |
| Nolte River Place · MN | HFA risk share | $6.8M |
| The Sound at 76th · MN | HFA risk share | $6.6M |
| Gladstone Village I · MN | HFA risk share | $6.5M |
| Bridgewell · MN | HFA risk share | $6.5M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Minnesota Housing Finance Agency as servicer on 132 apartment loans with $360 million of balance and 8,240 units. The median note rate on that book is 4.75%. 16 of the loans carry a rate under 4%. HUD lists the same name as holder of 132 loans.
- Risk sharing
- 132 loans
Largest servicing states: Minnesota (132).
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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