CMBS Delinquencies Hit 9 Percent, and Rising
The CMBS delinquency rate for multifamily loans has reached nearly 9 percent and will likely soon balloon another 400 basis points.
Bridge Building: Debt for Transitional Assets is Coming Back
The bridge loan market is starting to heat up, as providers see more opportunity in lending to transitional assets and distress acquisitions.
N.D. Increases Income Limits for Loan Program
BISMARK, N.D.—The Industrial Commission of North Dakota has approved an increase in the income limits for the North Dakota Housing Finance Agency’s (NDHFA) FirstHome program.
Federal Home Loan Banks Award AHP Grants
The Federal Home Loan Bank of San Francisco recently awarded $32.5 million in Affordable Housing Program (AHP) grants while the FHLBank of New York awarded $29.7 million in funds
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.
Starrett City Saga Ends
The end of the year brought some positive news for affordable housing in New York City.
Citi Pilots California Bond Program
California officials and representatives of Citi have come up with an innovative plan to restart construction lending for affordable housing projects in the state.
Bank of America Reports on Community DevelopmentActivity
Bank of America reported providing $168.2 billion in community development lending and investing, including $147 billion in affordable housing, during the first year of a 10-year community development goal.