Loan Guarantees Lead Way on Rural Housing
For the past several years, the Sec. 538 loan guarantee program has been the flagship development program for the Rural Housing Service
Valuing General Partner Interests
A number of general partner interests in tax credit partnerships was offered to the market during 2007. Valuing these interests can be very complex and extremely tricky at best. In this article, I’ll explore some of the key elements to determining how to analyze general partner interests.
Fannie Streamlines DUS Guide
What’s old is new again. Fannie Mae has revamped its Delegated Underwriting and Servicing (DUS) guide, the first major update since the DUS program began about 20 years ago.
New York’s HFA Focuses on Affordability
HAMBURG, N.Y. - Workers began to renovate both the apartments and common areas at Creek Bend Heights Senior Apartments in August, adding new windows and a new roof to the 43-year-old building.
Agency Debt Gets Expensive
Fannie Mae and Freddie Mac have raised their prices for both long- and short-term debt in the last few weeks as their losses from the single-family sector continue to pile up.
Agency Takeover Calms Markets
Borrowers should celebrate the government takeover of Fannie Mae and Freddie Mac, announced Sept. 7. It’s likely to mean lower interest rates for borrowers—at least for now, experts say.
Tax-Exempt Bond Demand Likely To Rise
Demand for tax-exempt bond financing is likely to jump in 2008, partly as a result of the subprime lending crisis that rocked capital markets over the summer and sent spreads on conduit loans soaring, bond professionals say.
CHICAGO—Centerline Holding Co. said it has provided $30.5 million in equity financing for phase II of Roosevelt Square Apartments here. The HOPE VI program provided an additional $17 million for phase II.
Tax-Exempt Bond Financing Weathers the Storm
Tax-exempt bond financing will be readily available and affordable in 2008, with industry watchers reporting that price increases were rare even as the capital markets remained in flux heading into the fourth quarter of 2007.
Construction Financing Unscathed by Credit Crunch
Affordable housing developers will be able to procure construction financing next year with relative ease, even as the rates and terms of permanent debt become more challenging.