Federal Housing Agency (FHA)

HUD Deputy Secretary Pam Patenaude announced she will be leaving HUD in the new year. FHA Commissioner Brian Montgomery has been named as Acting Deputy Secretary.

HUD has announced it will be extending its Multifamily risk-sharing initiative with the Federal Financing Bank (FFB) for eligible Housing Finance Agencies (HFAs) through December 31, 2018. The initiative was originally scheduled to cease accepting new applications for commitments from HFAs on September 30, 2018, but will now accept new applications for commitments under this […]

In his 5/2/18 column for National Mortgage News, “Vote to confirm Trump’s FHA commissioner has been delayed too long,” NH&RA President and CEO Peter Bell says that despite having a qualified candidate ready to serve, Senate leadership on both sides of the aisle have ignored their responsibility to vote on Brian Montgomery’s nomination as Federal […]

Opportunity Zones will provide a resource similar to the gap funding from the HOME program but “on steroids”, explains Carson.

The MAP Guide enumerates securities for an equity bridge loan as a pledge of tax credits and/or limited partners’ or investors members’ interests in the project’s ownership entity. Questions subsequently arose as to whether a pledge of the general partner’s interest could also secure an equity bridge loan.

These limits have an effective date of January 1, 2017.

U.S. Senator Jack Reed and Mayor Scott Avedisian joined Barbara Fields, Executive Director of RIHousing and representatives from Property Advisory Group & Cathedral Development Group to celebrate the completion of renovations at Greenwood Terrace, a housing development for low-income seniors on Post Road. The event came as Rhode Island faces a serious housing shortage, particularly […]

If the nomination is successful, it will be Brian Montgomery’s second time serving as FHA commissioner.

HUD has published in the Federal Register the Annual Indexing of Basic Statutory Mortgage; Limits for Multifamily Housing Programs.

Adolfo Marzol has been appointed as a Senior Advisor at HUD, David Kautter has been nominated for the position of assistant secretary for tax policy within the Treasury Department, and Brian Montgomery has surfaced as President Trump’s likely nomination to head the Federal Housing Administration.

The bridge loan platform provides interim funding support for acquisition and refinancing applications on HUD multifamily and healthcare loans. It was expanded to include tax credit equity bridge loans and conventional financing for multifamily and healthcare new construction.

HUD is proposing to reduce 2016 FHA Mortgage Insurance Premiums for affordable housing and green and energy efficient housing. HUD is accepting comments on the proposal through February 29. The changes would go into effect April 1.