How Moody’s Will Evaluate HFA Ratings
The overall outlook for state housing finance agencies (HFAs) continues to be negative as challenging conditions persist, according to Moody’s Investors Services in a new report.
First Capital Magnet Funds Awarded
Twenty-three organizations will receive $80 million in grants to finance affordable housing under the new Capital Magnet Fund.
Tawa Looks Ahead as HUD Refocuses on Affordable
It’s been a busy 14 months for Chris Tawa, to say the least.
FHA Courts Affordable Developers
Tax credit developers are turning to the Federal Housing Administration (FHA) as they get set to ramp up longdormant projects.
Affordable, If You Can Find It
While construction financing remains relatively affordable, fewer deals are penciling out these days, and underwriting standards continue to tighten.
Stable Prices, Tough Standards
Freddie Mac is providing competitively priced debt for the affordable housing industry as it mulls securitizing some of its affordable housing products.
Obama Outlines Spending Plans
President Barack Obama has outlined a fiscal 2010 budget that provides more funding for federal housing programs, including $1 billion for the national Affordable Housing Trust Fund.
Tapping FHA Funds
The challenges of today's tight lending environment have forced low-income housing tax credit (LIHTC) developers to dig even deeper to make deals happen. Developers are challenged to fill funding gaps with resources that are still viable in today's market.
The Ins and Outs of Swaps
For the past several years, interest-rate swaps have been widely available to affordable housing borrowers as a method to fix the interest rate on a loan.
Wave of FHA Loans in Wait
While the Federal Housing Administration (FHA) is a steady source of liquidity, it is often perceived as a lender of last resort due to the sometimes slow and bureaucratic process of working with the Department of Housing and Urban Development.