Bond Demand On the Upswing
Demand for tax-exempt bonds to finance multifamily projects is on the upswing, and will rise even further in 2008, according to industry observers.
SALEM—Affordable housing developers will compete for about $7.3 million in low-income housing tax credits (LIHTCs) in Oregon in 2008.
AUSTIN—Changes in the at-risk and U.S. Department of Agriculture Rural Development (RD) set-asides are some of the most notable changes proposed in the Texas Department of Housing and Community Affairs’ (TDHCA) 2008 draft qualified allocation plan (QAP), according to Robbye Meyer, director of...
DENVER—Colorado’s low-income housing tax credit (LIHTC) program for 2008 is likely to include a 5 percent increase in basis caps and some green building incentives, but otherwise hold to existing priorities.
Struggling Through ‘07
The first half of fiscal 2007 produced significantly fewer Federal Housing Administation (FHA) loans than a year earlier, as the agency continues to focus on niche areas to offset its shrinking basic lending activity.
The Top 10 Ways to Improve HUD
There are dozens of steps that need to be taken to improve HUD, but AHF has boiled them down to a list of ten, focused primarily on overall operations and multifamily programs.
Fannie Mae Eyes Seniors For Growth
Led by an increased presence in the seniors housing market, Fannie Mae helped finance $34.3 billion in multifamily rental housing in 2006.
Freddie Shuffles the Deck
Freddie Mac has kicked off 2007 with a reorganization of its multifamily division, hoping to make both its conventional and affordable housing divisions more competitive and customer-focused.
Ready, Set, Lend!
With GSEs aiming to match aggressive Wall Street conduits amid slower borrowing activity, pricing and underwriting may become even more liberal.
Back in the Game?
As the dust of its accounting scandal settles, Fannie Mae heads into the new year hoping to bolster its lagging multifamily division through process improvements and new product design.