HUD's Documents Outlining Underwriting for RAD Property Conversions

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