HUD published Notice H 2012-20 FHA Underwriting Instructions for Projects Converting Assistance under the Rental Assistance Demonstration and Mortgagee Letter 2012-20 Underwriting Instructions for Projects Converting Assistance as part of the Rental Assistance Demonstration (RAD) Program. These documents provide the underwriting guidelines for FHA-approved MAP lenders applying for FHA multifamily mortgage insurance on transactions involving properties converting rental assistance under the Rental Assistance Demonstration (RAD) Program.
A copy of Notice H 2012-20 may be found here: http://portal.hud.gov/huddoc/12-20hsgn.pdf
A copy of Mortgagee Letter 2012-20 may be found here: http://portal.hud.gov/huddoc/12-20ml.pdf
For other information related to the RAD program, please visit: http://portal.hud.gov/hudportal/HUD?src=/RAD