Answer first
In brief
4,784 of 15,720 active FHA-insured multifamily loans (30.4%) are on properties HUD flags as Section 8, and 4,849 are on properties with any active HUD rental assistance contract, based on HUD’s October 2026 mortgage and property files. Ohio has the most, with 424.
State by state
| State | Active loans | Section 8 | Share | Any active assistance |
|---|---|---|---|---|
| Ohio | 975 | 424 | 43.5% | 427 |
| Massachusetts | 774 | 332 | 42.9% | 343 |
| California | 1,016 | 277 | 27.3% | 278 |
| New York | 698 | 272 | 39.0% | 277 |
| Illinois | 806 | 236 | 29.3% | 244 |
| Michigan | 630 | 206 | 32.7% | 207 |
| Pennsylvania | 411 | 193 | 47.0% | 196 |
| North Carolina | 566 | 182 | 32.2% | 183 |
| Texas | 1,270 | 164 | 12.9% | 166 |
| Minnesota | 619 | 159 | 25.7% | 167 |
| Indiana | 521 | 143 | 27.4% | 144 |
| Tennessee | 334 | 139 | 41.6% | 139 |
| Maryland | 546 | 122 | 22.3% | 131 |
| Kentucky | 241 | 117 | 48.5% | 117 |
| Missouri | 287 | 117 | 40.8% | 117 |
| Florida | 598 | 109 | 18.2% | 109 |
| Rhode Island | 156 | 104 | 66.7% | 104 |
| Alabama | 224 | 91 | 40.6% | 92 |
| Georgia | 351 | 86 | 24.5% | 87 |
| New Jersey | 298 | 85 | 28.5% | 88 |
| Wisconsin | 341 | 85 | 24.9% | 85 |
| Connecticut | 208 | 82 | 39.4% | 82 |
| Louisiana | 257 | 79 | 30.7% | 79 |
| Mississippi | 137 | 78 | 56.9% | 78 |
| South Carolina | 240 | 72 | 30.0% | 72 |
| Iowa | 185 | 68 | 36.8% | 68 |
| Virginia | 420 | 68 | 16.2% | 69 |
| Arkansas | 137 | 57 | 41.6% | 57 |
| Washington | 292 | 57 | 19.5% | 57 |
| Kansas | 127 | 56 | 44.1% | 56 |
| West Virginia | 95 | 56 | 58.9% | 56 |
| Oklahoma | 151 | 54 | 35.8% | 54 |
| Colorado | 291 | 49 | 16.8% | 49 |
| New Hampshire | 162 | 48 | 29.6% | 51 |
| Nebraska | 118 | 32 | 27.1% | 33 |
| Oregon | 227 | 31 | 13.7% | 31 |
| Utah | 167 | 31 | 18.6% | 31 |
| Arizona | 171 | 30 | 17.5% | 31 |
| Puerto Rico | 32 | 29 | 90.6% | 29 |
| District of Columbia | 93 | 27 | 29.0% | 27 |
| Maine | 72 | 25 | 34.7% | 25 |
| New Mexico | 83 | 14 | 16.9% | 14 |
| Vermont | 41 | 13 | 31.7% | 13 |
| Wyoming | 30 | 13 | 43.3% | 13 |
| Montana | 50 | 12 | 24.0% | 13 |
| Delaware | 37 | 11 | 29.7% | 11 |
| Nevada | 80 | 10 | 12.5% | 10 |
| Idaho | 64 | 9 | 14.1% | 9 |
| North Dakota | 29 | 9 | 31.0% | 9 |
| South Dakota | 31 | 9 | 29.0% | 9 |
Why the overlap matters
When a property has a project-based Section 8 Housing Assistance Payments contract, the contract rents, remaining term and renewal option drive the income HUD will underwrite, and HUD approval is needed for many changes. That makes the HAP contract a first-order diligence item in any refinance or acquisition. See refinancing a Section 8 HAP property with HUD, HAP contract and Mark-to-Market.
Data source and method
Data source: HUD Insured Multifamily Mortgages (active), file FHA-BF90-RM-A, as of the October 2026 release (loans endorsed through September 29, 2026); HUD Insured Multifamily Properties, HUD Open Data (updated October 6, 2026) for metro area and Section 8 flags. Aggregates computed by Bravo Capital; no owner or contact information is used.
Balances are HUD’s reported amortized principal balance. Interest rates are note rates as reported by HUD (mortgage insurance premium not included), and the average shown is weighted by balance. Metro areas use HUD’s Core Based Statistical Area assignment for each property. “Holder” is the holder of record in HUD’s file, which is often the servicer or Ginnie Mae issuer rather than the original lender. Initial endorsement counts come from HUD’s multifamily production database, which covers apartment programs and does not include Section 232 healthcare loans.
Common questions
Frequently asked questions
How many HUD-insured loans are on Section 8 properties?
4,784 active FHA-insured loans (30.4%) are on properties HUD flags as Section 8 in its October 2026 data.
Which state has the most Section 8 properties with HUD loans?
Ohio (424), Massachusetts (332), California (277), New York (272), Illinois (236).
Created by Bravo Capital, a HUD-approved MAP and LEAN lender, and expert-reviewed by the Bravo Capital HUD Underwriting Team. Figures are computed from HUD public data files listed above. Last updated . This page is educational and is not a credit decision or commitment to lend.