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Friday, January 29, 2016

FHA to Reduce Insurance Rates for Multifamily Homes

The Federal Housing Administration yesterday announced a series of reductions for the insurance rates it charges on multifamily home loans that will be effective in April. Housing designated as “broadly affordable” will see rates reduced to 0.25 percent, while mixed-income housing rates will drop to 0.35 percent. The FHA will also lower the insurance rate for energy-efficient properties -- those committed to green building and energy standards -- to 0.25 percent.

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