HUD has reduced application fees (also known as “exam” fees) for FHA multifamily mortgage insurance pursuant to the Section 221(d)(4), Section 220, and Section 223(f) for properties located in a
qualified opportunity zone. Application fees are reduced from 0.3% of mortgage amount to 0.2% except for properties which are Broadly Affordable in which cases the application fee is reduced to 1% of mortgage amount.