A lack of available affordable housing continues to affect communities across the country. But thanks to recent federal policy changes, more people may now have access to affordable rental housing.
In January 2025, the U.S. Department of Housing and Urban Development (HUD) announcedrelaxed underwriting requirements for multifamily housing. The changes include reducing debt service coverage ratios (DSCR) and increasing loan to value/loan to cost ratios (LTV/LTC), with the goal of ultimately leading to additional loan proceeds and reducing the cash needed to close Federal Housing Administration (FHA) transactions.
It’s a welcome departure for housing developers and for PNC Multifamily Capital, which remains committed to investing in creating affordable housing in communities across PNC’s nationwide footprint.
“PNC Multifamily Capital has a long track record of supporting growth in affordable multifamily rental housing, and we are optimistic that the updated HUD underwriting guidelines will help us increase our investment in boosting housing supply where it is most needed,” said Todd Weaver, assistant head of PNC Multifamily Capital.
Let’s build your brilliant
PNC Multifamily Capital is one of the largest, comprehensive multifamily debt and equity financing providers within the industry for affordable, seniors housing and conventional products. Each year, PNC Multifamily Capital finances or invests in affordable and seniors housing projects to address the shortage of housing options and help communities thrive. Reach out to PNC Multifamily Capital to learn more, or contact your relationship manager.
