Multi-Family Finance

Kentucky Housing Corporation has updated its multifamily underwriting model for 2012. The new model is now available on KHC’s Web site, under Housing Production; Multifamily Finance; Applications, Guidelines, and Underwriting Models.

The IRS has issued a new notice (Notice 2011-63) that provides supplemental guidance on the determination of when State and local bonds are considered “issued” for purposes of volume cap limitations on private activity bonds and other bond volume caps and limitations under Federal law.

The House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee approved five bills designed to constrain Fannie Mae and Freddie Mac and hasten their departure from the mortgage market.

HUD has announced the addition of a preservation web page to the Multifamily website.

NH&RA is pleased to offer .PDF versions of the PowerPoint slides presented at the 2011 Summer Institute & New Markets Tax Credit Symposium.

The U.S. Department of Housing and Urban Development recently announced the mortgage insurance premiums (MIPs) for FHA Multifamily Housing, Health Care Facilities, and Hospital Mortgage Insurance programs that have commitments to be issued or reissued in FY 2011.

Fannie Mae has released the June 2011 report of its National Housing Survey, which assesses the national outlook toward owning and renting a home, housing finances and overall household confidence, as well as provides valuable input for determining the future course of investment across housing types.

Representatives Gary Miller (R-CA) and Carolyn McCarthy (D-NY) have introduced new legislation (HR 1859) that would create a government-owned credit facility to replace Fannie Mae and Freddie Mac.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting comments regarding the design, implementation, and administration of the CDFI Bond Guarantee Program.

The Federal Housing Finance Agency (FHFA) has issued a final rule to establish a framework for conservatorship and receivership operations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks, as contemplated by the Housing and Economic Recovery Act of 2008 (HERA).

We are pleased to announce that online registration and hotel reservations are now open for the National Council of Affordable Housing Market Analysts Affordable Housing Underwriting Conference & Annual Meeting.

Please join us July 21-24 at the Harbor View Hotel on Martha’s Vineyard for three days of thought provoking sessions, invaluable networking and relaxation. We will also be hosting our Summer New Markets Tax Credit Symposium immediately prior to the Summer Institute on Wednesday, July 20.