What HUD’s New Surplus Cash Guidelines Mean for Multifamily Investors
Earlier this month, the United States Department of Housing and Urban Development (HUD) changed their guidelines regarding surplus cash, allowing for monthly distributions instead of the previous twice a year distribution. According to Stella Pltokin, Vice President of Greystone, this is great news for multifamily investors. In the past, HUD required that if investors had any surplus cash, they were ...