HUD/FHA 221(d)(4) Tenant Eligibility: Anyone is eligible to reside in a HUD/FHA 221(d)(4) property. Some builders and developers (especially nonprofits) use the HUD 221(d)(4) loan program to design and build multifamily projects designed specifically for the handicapped or elderly. For more information, please visit HUD/FHA Section 231 loan program and FHA 221(d)(4) loan.

HUD/FHA 221(d)(4) Tenant Eligibility: There are no Limits on Income for HUD/FHA 221(d)(4) Building Tenants. Unlike some types of HUD multifamily loans, which may have limits in certain situations, HUD 221(d)(4) developments do not have any resident income limits. Subject to normal tenant selection, any family is eligible to reside a property that's covered by FHA multifamily mortgage insurance.

There are no income limits for tenants to be eligible to live in a HUD/FHA 221(d)(4) property. Subject to normal tenant selection, any family is eligible to reside a property that's covered by FHA multifamily mortgage insurance. Source

The occupancy requirements for a HUD/FHA 221(d)(4) property are that there are no restrictions or limits on the kinds of residents that can live in the development. Source

In addition, the requirements of HUD 221(d)(4) loans include full scope of third party reports (environmental assessment, market study, appraisal, etc.), annual review, bonded and licensed general contractor, and compliance with Davis Bacon wage requirements. Source

The tenant selection criteria for a HUD/FHA 221(d)(4) property is subject to normal tenant selection. Any family is eligible to reside in a property that is covered by FHA multifamily mortgage insurance, as there are no limits on income for HUD/FHA 221(d)(4) building tenants.

For more information, please refer to the following sources:

• HUD/FHA 221(d)(4) Tenant Eligibility
• What is the US Department of Housing and Urban Development (HUD)?
• HUD Multifamily Construction Loans

The tenant screening requirements for a HUD/FHA 221(d)(4) property are outlined in the HUD Handbook 50-15. According to the handbook, the owner must screen all prospective tenants to ensure that they meet the eligibility requirements for the program. This includes verifying the tenant's income, credit history, and rental history. The owner must also ensure that the tenant is not subject to any criminal background checks or other restrictions that would make them ineligible for the program.