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What is the definition of “multifamily programs” and the difference to “single family programs”?

April 26, 2017definition difference family

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What is the definition of “multifamily programs” and the difference to “single family programs”?

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Multifamily typically denotes 5 or more units at one location with no owner-occupied units. Single family typically consists of single-family homes and 2, 3, and 4-flats with at least one unit occupied by the owner.