Jessica Hoefer Author Archives
Newmark Lands Leading National Affordable Housing Advisory Team
Newmark Group, Inc. announced it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.
Freddie Mac Requires Multifamily Underwriting Appraisal Checklist
Effective March 4, Freddie Mac underwriters requires a new compliance checklist for the initial appraisal submitted to Freddie Mac for each loan/property.
Ohio Opens 2024 Nine Percent LIHTC Round
The Ohio Housing Finance Agency posted the 2024 nine percent LIHTC Affordable Housing Funding application and all related materials on its website. If you have any questions, please email [email protected].
Pennrose Completes 2,500 Affordable Homes in Maryland
Pennrose is proud to celebrate over 20 years of affordable housing development and management in Maryland with the completion of the Cherry Hill Senior Manor rehabilitation.
NLIHC Publishes 2024 Advocates’ Guide
The National Low Income Housing Coalition released the Advocates’ Guide 2024: A Primer on Federal Affordable Housing and Community Development Programs and Policies.
Groups Launch New, Online Decarbonization Resource Hub
Enterprise Community Partners, Housing Partnership Network, and the Rocky Mountain Institute launched the Affordable Housing Decarbonization Hub, a digital space offering housing providers access to resources and information to pursue equitable decarbonization.
X-Caliber Capital Publishes Whitepaper on IRA Benefits for Multifamily Owners
X-Caliber Capital published a whitepaper that delves into the substantial tax advantages of the Inflation Reduction Act (IRA) for multifamily property owners.
Biden-Harris Administration Extends FFB Risk-Sharing Program Indefinitely
The Biden-Harris administration announced new actions to boost housing supply and lower housing costs, including an indefinite expansion of the Federal Financing Bank (FFB) Risk-Sharing program.
Comments on California‘s Proposed Regulation Changes Due March 18, Public Hearing on March 12
The California Tax Credit Allocation Committee (CTCAC) published proposed regulation changes with initial statement of reasons.
CREA Celebrates Contributions to the Affordable Housing Crisis Amidst Challenging 2023
CREA successfully closed $1.35 billion of total equity, contributing to the creation of 7,316 affordable homes within 79 communities and 26 states.
HUD Publishes Budget Based Rent Adjustments for Mark-to-Market (M2M) Properties Notice, Training March 12
HUD’s Office of Multifamily Housing Programs published Housing Notice 2024-05, which allows budget-based rent adjustments (BBRA) for Section 8 project-based rental assistance housing assistance payment contracts at properties subject to a M2M Use Agreement.
California Updates Placed-in-Service (PIS) Application Submission Deadline Memo
Effective June 1, 2024, project owners are expected to submit the required PIS documents by the required deadline in accordance with the CTCAC regulations.