The Federal Housing Administration (FHA) published guidance on October 14, 2926, allowing build-to-rent (BTR) communities to qualify for FHA-insured multifamily financing. Effective immediately, these properties will be treated under the same terms as traditional multifamily rental developments, subject to specific requirements.
HUD describes the new policy as a response to the January executive order Stopping Wall Street from Competing with Main Street Homebuyers, which directed HUD to create narrow exceptions for BTR properties that are planned, permitted, financed, and constructed as rental communities.