FHA Aligns with Tax Credits
The Federal Housing Administration (FHA) has made sweeping changes to its multifamily programs to make them work better with low-income housing tax credits (LIHTCs).
GSE Regulator Affirms Affordable Housing Commitment
The sudden government takeover of Fannie Mae and Freddie Mac raised concerns about the governmentsponsored enterprises’ (GSE) continuing support for affordable housing, and the new GSE regulator has tried to calm those fears by affirming their commitment to their basic mission.
Affordable housing developers have the battle scars to show for each project that they have built and every one that was denied.
Rice, Yordán Take Reins at Enterprise
A former mayor of Seattle and an investment banker from New York have taken over leadership of the affordable housing and community development organizations founded 25 years ago by James Rouse, the legendary commercial real estate developer who revitalized historic sections of Boston, Baltimore...
Security measures are likely to save you more than peace of mind even if no crime is ever committed on your property.
Fannie, Freddie Post Record Years, On Pace for Another
Fueled by a torrential second half, Fannie Mae and Freddie Mac both announced that their multifamily volume in 2007 hit record highs, at $60 billion and $44.7 billion respectively.
Wells Seeks Unified Front in ’08
Wells Fargo Multifamily Capital expects to grow its business by 20 percent in 2008 and is staffing up with some industry heavyweights in anticipation of the increased production.
Multifamily Bond Market Stalled as Rates Soar
Interest rates on variable-rate debt more than quadrupled in September as credit markets seized up, sidelining multifamily developers looking to tap the bond market to finance their deals.
Insurance Costs Drop—For Now
Insurance costs fell in 2008 for multifamily firms, although prices may not stay low for long.
John Pritscher, president and CEO of Community Investment Corp. (CIC) in Chicago, died Oct. 13, 2007.