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Riverstone Hires SVPs
Craig Rooney has been named senior vice president of Dallas-based Riverstone Residential Group. Rooney will oversee a portfolio of more than 12,000 apartments units located in Southern California.
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Multifamily Starts Up
Apartment developers are taking the plunge.
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Welcome Back
The Federal Housing Administration (FHA) continues to win more business as the credit crunch deepens and many sources of liquidity recede.
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UPFRONT: PEOPLE
Jay Porterfield has been appointed director of Arbor Commercial Mortgage’s Dallas office.
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A Flight Toward Certainty
While many lenders are experiencing declining volumes and tightening their underwriting standards in the first quarter of 2008, the Federal Housing Administration (FHA) is having a resurgence.
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UPFRONT: PEOPLE
Debra Jackson has been promoted to senior vice president of Lane Co.’s Real Estate Capital Markets Group.
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UPFRONT: PEOPLE
Michael P. Bissell has been named president of Sares-Regis’ multifamily property management division.
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HUD Contracting Faces New Scrutiny
A second internal investigation has raised fresh concerns about lax oversight and administration of contracts awarded by the Department of Housing and Urban Development (HUD).
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Showdown in the Capital
House and Senate conferees have approved an increase in Department of Housing and Urban Development (HUD) funding for fiscal 2008, but the administration appears to have the votes to back up a threatened veto of the bill (H.R. 3074).
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A New Day?
The Federal Housing Administration (FHA) is hoping that brighter prospects in 2008 will help it forget an ugly 2007.