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HUD Fiscal '11 Budget Unveiled
The Department of Housing and Urban Development's (HUD) fiscal 2011 budget includes $350 million for a new program to convert about 300,000 public housing and privately owned assisted housing units to project-based subsidies with long-t
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Shaun Donovan: FHA D4 Changes are Necessary
The proposed underwriting changes to the FHA's Sec. 221(d)(4) program are necessary to ensure the long-term viability of the program, says U.S. Department of Housing and Urban Development Secretary Shaun Donovan.
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FHA Bombshell: We're Tightening Our Underwriting
The FHA has become the most prolific and popular construction debt source since the advent of the credit crunch. But the agency has unveiled proposed changes to its Sec. 221(d)(4) and Sec. 223(f) programs which could make it much harder for developers to gain access to those programs, according to...
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Shaun Donovan: FHA D4 Changes are Necessary
The only game in town for construction debt is tightening its underwriting of market-rate deals.
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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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Five Tips for Winning FHA Approval on a New Construction Deal
Compared to what’s being offered in the private sector, the rates and terms of the Federal Housing Administration’s (FHA) Sec. 221(d)(4) program for new construction loans are more than attractive. Loan-to-cost ratios can reach up to 90 percen
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HUD Secretary Addresses Green Homes & Sustainable Communities Conference
Today, Thursday, July 29, leaders in the fields of building, development, and financing met in Washington D.C., for a two-day conference focusing on green, affordable housing and other forms of community development.
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New Requirements May Mean Longer Wait for FHA Loans
The Federal Housing Administration (FHA) recently unveiled sweeping changes to its multifamily programs, making it tougher on market-rate deals.
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Your Comprehensive Guide to the Recent FHA Changes
Multifamily Executive and Apartment Finance Today report on the recently unveiled new requirements and proposed changes that will change how HUD—and the Federal Housing Administration—run their underwriting and lending business. The provisions
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Donovan Offers Early Look at 2011 BudgetProposal
While saying difficult decisions had to be made, Housing Secretary Shaun Donovan provided a first look into the 2011 budget proposal, including a Transforming Rental Assistance initiative and a $150 million competition aimed at creating jobs in the areas