Multi-Family Finance

HUD’s Office of Public and Indian Housing (PIH) recently published the final implementation notice, Notice PIH 2012-32, for its Rental Assistance Demonstration (RAD) program. RAD was authorized in the 2012 HUD appropriations bill, H.R. 2112.

NH&RA is pleased to offer the Power Point presentations, relevant articles, reports, memos, etc. from our recent 2012 Summer Institute and New Markets Tax Credit Symposium, which was held July 25-28, 2012 at the Harbor View Hotel on Martha’s Vineyard in Massachusetts.

HUD recently issued Notice FR-5607-N-22 to solicit comments on the Multifamily Housing Mortgage and Housing Assistance Restructuring (Mark to Market) program.

Baltimore Housing, a collaboration between the Baltimore City Department of Housing and Community Development (HCD) and the Housing Authority of Baltimore City (HABC), has announced the Summer 2012 NOFA funding round for housing and community development projects.

PowerPoint presentations and conference materials from our 2012 Spring Developers Forum are available for download.

The Arizona Department of Housing (ADOH) is considering making roughly $5 million in State Housing Fund resources available to developers to be used specifically for rental development.

The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on Thursday June 7 held a hearing on strengthening the Federal Housing Administration’s (FHA) affordable multifamily insurance programs.

The Federal Housing Finance Agency (FHFA) has released a draft version of its Strategic Plan: Fiscal Years 2013-2017.

NH&RA and its Legislative Leadership and HOPE VI/Mixed-Finance Committees were pleased to submit comments to HUD on its Rental Assistance Demonstration implementation strategy laid out in Notice PIH 2012-18.

The Maryland Department of Housing and Community Development (DHCD) has announced the opening of the application period for its Rental Housing Works (RHW) program. RHW is a gap financing program for projects funded using DHCD’s Multifamily Bond Program (MBP); RHW applications must be submitted in conjunction with a MBP application.

A group of national trade organizations representing organizations involved in the development, construction, ownership, and management of market rate and affordable multifamily rental housing and health care facilities sent a letter to HUD regarding the agency’s recent increase of mortgage insurance premiums (MIPs) for certain FHA multifamily housing, health care facilities, and hospital mortgage insurance programs for commitments to be issued or reissued in FY2013.

NH&RA is pleased to announce that eight member firms have been selected to participate in the Federal Housing Administration’s (FHA) Multifamily Low-Income Housing Tax Credit Pilot program.