# HUD Expands FHA Financing for Build-to-Rent Housing

Effective October 14, 2026, HUD’s Federal Housing Administration now allows qualifying Build-to-Rent communities—including single-family homes, duplexes, and triplexes, whether site-built or manufactured—to access FHA-insured financing through two Multifamily programs. Section 221(d)(4) covers new construction, while Section 223(f) covers acquisition or refinancing. Developers and lenders can use the expanded eligibility to assess financing options for qualifying rental housing projects; applicants should review Mortgagee Letter 2026-12 for program requirements.

- Developers can evaluate Section 221(d)(4) financing for eligible Build-to-Rent construction and Section 223(f) financing for acquisition or refinancing.
- Lenders and housing firms serving this market should review Mortgagee Letter 2026-12 to determine project eligibility and applicable requirements.
- The policy creates a financing route for qualifying projects that include smaller residential formats and manufactured housing, broadening the types of rental communities that may use FHA-insured financing.

**Jurisdictions:** federal
**Industries:** Construction & Infrastructure
**Topics:** Grants & Funding
**Published:** October 15, 2026

### Government Entities
- U.S. Department of Housing and Urban Development (HUD)
- Federal Housing Administration (FHA)
- HUD Office of Housing

### Key Quotes
> We’re eliminating barriers to spur development, expand rental options, and improve housing affordability for hardworking American families.
> — Scott Turner, Secretary of HUD

### Sources
- [HUD Makes It Easier to Build More Housing | HUD.gov / U.S. Department of Housing and Urban Development (HUD)](https://www.hud.gov/news/hud-no-26-085) - HUD