The Federal Housing Administration (FHA) on Nov. 2 announced a new Express Lane to accelerate loan reviews and closings for apartment developments financed through Low-Income Housing Tax Credits. The streamlined process applies to new construction loans insured under FHA’s Section 221(d)(4) multifamily program and sets a 30-day target for loan commitment decisions. The initiative expands an earlier pilot by removing project-size limits and allowing projects financed with tax-exempt bonds to participate. Standard FHA underwriting requirements remain in place, and eligible projects must be led by experienced Low-Income Housing Tax Credit (LIHTC) developers with strong financial track records. Developments receiving project-based Section 8 rental assistance are excluded. FHA said the changes are intended to reduce regulatory burdens and speed construction of affordable rental housing. Read more at the National Association of Realtors advocacy news page.
Source: NAR; 11/2/2026