The Department of Housing and Urban Development (HUD) entered into risk-sharing agreements with the qualified state and local HFAs so they can provide FHA (Federal Housing Administration) mortgage insurance and credit enhancement for new loans on multifamily affordable housing properties. The relevance of compliance in the article is for HUD to have greater flexibility to operate Section 542(c) HFA Risk Sharing program more efficiently and better alignment of policies under the shared programs.
The supplementary information is provided down the link below.