The multifamily housing industry largely voiced approval of the Federal Housing Administration decision this week to increase the threshold for large multifamily loans from $75 million to $120 million.
It represents the first increase in the threshold since 2014 and will enable more FHA multifamily insurance applicants to use standard underwriting processes.
There could be more. FHA also announced it will review the threshold on an annual basis, with the possibility of increasing it in $5 million increments if warranted.
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