---
title: "HMDA Training and Consulting - 2018 HMDA: Mixed-Use Properties"
description: "Bankers Compliance offers HMDA Training & Consulting through online resources, including webinars & live events - 2018 HMDA: Mixed-Use Properties"
---

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# [HMDA Training and Consulting - 2018 HMDA: Mixed-Use Properties](https://blog.bankerscompliance.com/en/2018-hmda-mixed-use-properties)

 Written by [Amy Kudlacek](https://blog.bankerscompliance.com/en/author/amy-kudlacek) | Nov 22, 2017 10:50:39 AM

If you’re a lender for a [HMDA](https://blog.bankerscompliance.com/banking-regulations-compliance-services/reviews-2/hmda/) reportable bank, you know there are some BIG changes on the horizon for you come January 1, 2018.  One area that has caught lenders a little off guard is the concept of “mixed-use” properties.  For example, a building with retail space on the main floor and apartments on the upper floor(s).  Today’s HMDA rules do address mixed-use properties but for 2018 the CFPB gave us a little more to go on.

In 2018, it is extremely important that lenders classify mixed-use properties (both single building and multiple buildings).  Once you do, that property will retain that classification (a dwelling or a non-dwelling) for any subsequent loans made to that borrower.  For example, if you classified the retail/apartment building we described above as a non-dwelling and years later the borrower wants to refinance the loan, it’s not subject to HMDA.  Why?  Because the building is not a dwelling according to your initial classification.  Therefore, it doesn’t meet the definition of refinance (a dwelling-secured loan replacing a dwelling-secured loan).  Likewise, even if the borrower applies for a loan to improve only the residential portion of the mixed-use building, it’s not a home improvement loan.  Once again, because the building is classified as “non-dwelling”.  Believe it or not, we asked the CFPB these very questions and they agreed.

Want to know more?  Join us on November 29, 2017, for our [2018 HMDA Lender Essentials](https://store.bankerscompliance.com/#?keyword=HMDA&type=) webinar.  We will spend one hour focusing on the 2018 HMDA rules from a lender’s point of view.  Get plain English instruction on the requirements that will affect you the most!

Published  
 2017/11/22  
 Amy Kudlacek

[View full post](https://blog.bankerscompliance.com/en/2018-hmda-mixed-use-properties)

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