News

On Thursday, August 25, 2011, the Colorado Housing and Finance Agency (CHFA) announced Patricia Hippe as its new chief financial officer (CFO).

Acting New Jersey Governor Kim Guadagno on Wednesday signed legislation that extends the moratorium on the imposition of fees on non-residential construction projects.

HUD has released the August 2011 edition of ResearchWorks, the official online newsletter from HUD’s Office of Policy Development & Research.

A coalition of 45 national organizations sent a letter to President Obama’s domestic policy and economic teams this week, asking that the Administration provide at least $10 billion for the National Housing Trust Fund in the President’s jobs-creation plan, which includes infrastructure investments, patent reform, free trade deals and an extension of payroll tax cuts.

The California Tax Credit Allocation Committee (TCAC) yesterday released a summary of the comments that it received from stakeholders about costs associated with building affordable housing.

Fannie Mae, drawing on data from Real Capital Analytics (RCA), reported recently that multifamily investment sales have spiked during 2011, reaching $13.9 billion during the second quarter of 2011, or more than one and a half times as much as the first quarter 2011 total of $9 billion.

The Virginia Housing Development Authority has scheduled a Market Analyst Forum on Wednesday, September 14 in Belvidere. The forum will begin promptly at 10 a.m. and last approximately 1.5 hours. The focus of this discussion will be changes to VHDA’s market study guidelines and processes beginning in 2012.

The Montana Board of Housing (MBOH) released the first draft of its 2012 QAP.

In a press release dated August 22, HUD’s Federal Housing Administration announced that there been such demand for FHA-insured financing to build, rehabilitate or refinance multifamily apartment properties. FHA today announced that it has endorsed $10.5 billion in multifamily rental housing loans since last October, with another month-and-a-half remaining in the fiscal year.

The Texas Department of Housing and Community Affairs (TDHCA) released the first draft of its 2012 QAP as well as a draft of the 2012 Definitions and Amenities for Housing Program Activities.

On Monday August 22, 2011, the Federal Housing Administration (FHA) issued an updated version of its Multifamily Accelerated Processing (MAP) Guide. The was updated in response to a significant increase in demand for FHA insured multifamily development loans for the current fiscal year. This year alone, the FHA has insured almost 1,100 loans nearing $10.5 billion, which is about seven times greater than the demand for FHA insured loans from three years ago. In order to meet this new demand, the new guide will help expedite and better manage the processing of new loan applications.

The North Carolina Housing Finance agency has released the first draft of its 2012 QAP as well as a summary of major revisions to the 2012 plan.