The Gathering Storm
Call it the aftershock refi.
IT'S GETTING MORE DIFFICULT to find small loans these days.
FHA Courts Affordable Developers
Tax credit developers are turning to the Federal Housing Administration (FHA) as they get set to ramp up longdormant projects.
Same as it Ever Was
SLOW AND STEADY WINS the race, according to Aesop, and nowhere is that more evident than the Federal Housing Administration (FHA).
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.
Tips on Refinancing Conduit Loans
TODD GOULET, SENIOR VICE PRESIDENT with KeyBank Real Estate Capital, has been getting a lot of desperate calls lately. About 25 percent of the apartment owners who call him are in trouble.
Anaheim, Calif.—Jamboree Housing Corp. has opened Diamond Apartment Homes, a 15-unit green community designed by KTGY Group that provides housing and mental health supportive services for previously homeless individuals and their families.
FREDDIE MAC MADE SOME BIG changes to its underwriting standards in the first quarter, a trend many see continuing throughout the year.
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.