This special part of our website is designed to help you through the complexities to obtain HUD insured financing for your residential development project. At Hilliard Architects, we are committed to increasing affordable and special-needs housing options by helping developers “build smarter” with the support of The United States Department of Housing and Urban Development (HUD).

Why Bother? What is the Advantage to me?
• Fixed rates under 5 1/2 percent
• Construction and final financing in one loan, at the same fixed rate
• Non-recourse
• Fully amortized over 40 years, starting at the completion of construction
• Equity requirements as low as 10% of hard and soft costs

HUD’s grants and loans are relatively inexpensive ways to secure funding for market-rate, affordable, and special-needs housing that is stylish and safe. The agency provides some of the most comprehensive financing packages for pre-construction, building, and mortgages. The loan and grant processes have been streamlined and simplified, making the programs easier to use and available to a wider range of developers. HUD has also redefined the statutory dollar limits, making them a non-issue. However, there are a number of prescribed codes and standards that must be met in order to obtain HUD’s financial backing.

When done correctly, most HUD quality-requirements for materials and construction add value to your building, without adding cost. Our team’s professional affiliation with HUD enables us to guide you through the labyrinth of HUD construction codes and procedures, and our extensive experience helps you avoid pitfalls such as policy misinterpretations that cause approval delays. With ten years as a HUD-trained inspector, Mike Hilliard AIA has a thorough understanding of HUD construction requirements. Expanding on his expertise, we provide informed responses to your questions and complete solutions to potential design dilemmas.

Hilliard Architects has worked with 15 banks that offer HUD-backed financing. Let us help your project benefit from one of their programs.