Elderly developments, also known as independent living facilities, are properties designed for the elderly that may not contain services associated with retirement centers such as central kitchens and dining areas. To be eligible to reside in HUD/FHA 221(d)(4) properties, the tenant must meet the requirements of the HUD/FHA Section 231 loan program. This includes meeting the requirements of the HUD/FHA Section 231 loan program and the FHA 221(d)(4) loan program.