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Four Projects Earn HUD Design Awards
PASEO SENTER at Coyote Creek, with its plaza and pedestrian roadway flanked by retailstyle social service space, has been recognized for excellence in affordable housing design by the Department of Housing and Urban Development (HUD).
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New Requirements May Mean Longer Wait for FHA Loans
The FHA recently unveiled sweeping changes to its multifamily program, tweaking the underwriting standards on new construction and refinancing deals, while unveiling a slew of risk-management initiatives that may expand its already long transaction timeline.
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House Passes FHA Reform Bill
The House has passed a Federal Housing Administration (FHA) reform bill (H.R. 4072) that includes an increase in multifamily mortgage limits for elevator structures and in areas with the highest construction costs.
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Five Tips for Winning FHA Approval on a New Construction Deal
With the fatality rate of new Sec. 221(d)(4) loans hovering at about 50 percent, you have to manage your expectations for the loan process. Here are some tips from FHA lenders on how to position your deal for approval.
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HUD Releases Draft of Bill for Rental Housing Initiative
The Department of Housing and Urban Development (HUD) has released a draft of its transforming rental assistance (TRA) legislative proposal to allow public housing authorities (PHAs) and other owners of subsidized housing to convert to longterm Sec. 8 ass
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Frank Introduces Preservation Bill
House Financial Services Committee Chairman Barney Frank (D-Mass.) has introduced a long-awaited affordable housing preservation bill (H.R. 4868) that has been under development for almost a year, but owners say they can't support it be
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End of An Era?
The future of the Sec. 202 program is in doubt, as the 61-year-old program suffers budget cuts and a proposed moratorium on new construction. Sec. 202, which provides subsidies and grants for the construction of housing for very low-income seniors, was on
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How Hills Tamed HUD
House Financial Services Committee Chairman Barney Frank (D-Mass.) has introduced a long-awaited affordable housing preservation bill (H.R. 4868) that has been under development for almost a year, but owners say they can't support it be
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End of an Era? Sec. 202’s Fate is Uncertain.
The future of HUD’s Sec. 202 initiative is in doubt, as the 61-year old program suffers budget cuts and a proposed moratorium on new construction.
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Change is Hard
THE FEDERAL HOUSING Administration (FHA) has become the most prolific and popular construction debt source since the advent of the credit crunch.