HUD Level | 50/50 Risk
HUD Level I 50/50 Risk
The Housing and Urban Development (HUD) Level I 50/50 Risk Share program provides an alternative financing option for developers who preserve affordable housing. DCHFA recognizes the importance of rehabilitating existing properties as much as creating new housing in the District of Columbia . The Federal Housing Administration (FHA) assumes a portion of the risk and delegates loan processing and asset management functions to the HFA or QPE (qualified participating entities) . FY 2019 was the Agency’s second year as a 50/50 Risk Share lender and there were two deals financed through the program-- Petworth Station Apartments and Randle Hill Apartments, located in Wards 4 and 8, respectively .
4 6 | D C H FA @ 4 0 | D C H FA F Y 2 0 1 9 A N N U A L R E P O R T
