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.
Making it Work
WORKFORCE RENTAL HOUSING, ideal for professionals such as teachers, firefighters, and nurses, has always been treated as a stepchild in the affordable housing world.
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.
Connecting the Dots
Creating urban, affordable, and energyconscious developments is not just a career for Jonathan F.P. Rose, it's a lifelong passion.
Over my nine and a half years at AFFORDABLE HOUSING FINANCE, I've seen green invade the industry, nearly to the point of ubiquity.
From Hotel to Housing
PORTLAND, ORE.— Five years, 23 sources of funding, and about 6,000 pages of documents. That and more went into creating a new affordable housing development serving many of the city's neediest residents.
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
Affordable Housing in the Next Generation of GSEs
What will the next generation of housing finance entities look like, and how will they serve the affordable housing arena? A few areas of common ground are beginning to emerge.
From Partners to Profits
JOINT VENTURES ARE BUSTING OUT all over multifamily land.
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.