Preliminary Assessment Tool Includes LIHTC Rents and FMR Data

Preliminary Assessment Tool Includes LIHTC Rents and FMR Data

On June 14th, 2022, Rural Development (RD) released Version 8.2.1 of the Preliminary Assessment Tool (PAT).  RD underwriters utilize the PAT to document Multifamily (MFH) transfer and Multifamily Housing Preservation and Revitalization (MPR) decisions.  This version includes updated Low Income Housing Tax Credit (LIHTC) rents and Fair Market Rent (FMR) data based on the Housing and Urban Development (HUD) April 2022 data release, the 2022 Management Fee, Guarantee Fee Calculation, and updated State Average Cost Analysis for comparison.

The newest version can be found on our website under the “To Apply” tab: Multifamily Housing Direct Loans | Rural Development (usda.gov).