Jessica Hoefer Author Archives

The Federal Housing Finance Agency published a final rule requiring Fannie Mae and Freddie Mac to provide advance notice to FHFA before offering a new activity and to obtain prior approval from FHFA before offering new products.

KeyBank Community Development Lending and Investment (CDLI) provided a $31.875 million construction loan and a $10.9 million bridge loan to USA Properties Fund, Inc. for the construction of an affordable housing property in La Mesa, CA, (8181 Allison Apartments) according to a press release.

Effective Dec. 8, 2022, and until further notice, Alabama Housing Finance Agency (AHFA) will not be accepting Multifamily Housing Revenue Bond applications.

M&T Realty Capital Corporation® (M&T RCC) announced that Sandy DeFelice has been named FHA platform manager. In her new role Sandy will be responsible for overseeing and managing FHA opportunities and growing the M&T RCC FHA program.

Kansas Housing Resources Corporation posted the 2023 application certification and 2023 QAP requirements checklists for both nine (preliminary and full) and four percent applications.

Tiber Hudson LLC announced Jonathan H. Peyton as a member of the Washington, DC-based law firm.

Governor Michelle Lujan Grisham (D) approved the New Mexico Mortgage Finance Authority’s 2023 QAP.

Hunt Capital Partners, in partnership with developer Envolve Communities LLC, announced the closing of $4.8 million in Federal LIHTC equity financing for the acquisition and rehabilitation of Logan’s Pointe, a current Texas development offering 100 affordable homes for families earning up to 50 and 60 percent of the area median income.

The Federal Housing Finance Agency (FHFA) issued a final r​ule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for their multifamily housing goals for 2023 and 2024 using the new percentage-based methodology outlined in the proposed rule.

The North Dakota Department of Commerce Division of Community Services (NDDCS) and North Dakota Housing Finance Agency (NDHFA) will hold a public hearing at 10 a.m. CST on January 19 to gather input on and to prioritize North Dakota’s needs for affordable and special needs housing, services for individuals who are homeless, and public facilities and economic development assistance.

Dominium announced that Todd Urness, shareholder and attorney at Winthrop and Weinstine, has been named general counsel for Dominium.

Don’t Drop the Ball in 2023