§2.Multifamily loan limits
This section revises the annual indexing of maximum per-unit mortgage amounts ("Dollar Amounts") for FHA multifamily housing insurance programs under §§207, 213, 220, 221(d), 231, and 234 of the National Housing Act from CPI-U adjustments tied to the Federal Reserve's HOEPA threshold commencing in 2004, with Federal Reserve notification to HUD for publication, to Secretary-determined adjustments using the percentage change in the Census Bureau's Price Deflator Index of Multifamily Residential Units Under Construction from March of the prior year to March of the adjustment year commencing July 1, 2025, with direct publication by the Secretary in the Federal Register rounded to the next lower dollar. (These Dollar Amounts cap FHA-insured mortgage sizes per dwelling unit in rental, cooperative, rehabilitation, and elderly housing projects; thus, the new indexing targets multifamily construction costs.)
This section also increases the Dollar Amounts to new figures ranging from $166,509 to $385,387 (from $35,978 to $87,588)—specifically, in §207(c)(3)(A) to $167,310-$375,443 (from $38,025-$85,328) and striking ", or not to exceed $17,460 per space"; in §213(b)(2)(A)-(J) to $181,311-$377,678 (from $41,207-$85,836); in §220(d)(3)(B)(iii)(I) to $167,310-$375,443 (from $38,025-$85,328); in §221(d)(4)(ii)(I) to $166,509-$356,017 (from $37,843-$80,913); in §231(c)(2)(A) to $166,509-$356,017 (from $35,978-$80,913); and in §234(e)(3)(A) to $185,011-$385,387 (from $42,048-$87,588).