HUD multifamily lending comes with its own vocabulary — MAP, TPA, HAP, DSCR, and dozens of program-specific terms that are easy to mix up early on.
This glossary defines the terms most likely to show up in a HUD MAP transaction, in plain language, with a short note on where each term typically appears in the process.
Bookmark this as a quick reference for onboarding new team members or clarifying terms mid-transaction.