Multi-Family Finance

The U.S. Department of Housing and Urban Development (HUD) recently published a notice in the November 19 Federal Register soliciting public comments on its 2011 Rental Housing Finance Survey.

President Barack Obama will nominate North Carolina Banking Commissioner Joseph A. Smith Jr. to be the new director of the Federal Housing Finance Agency (FHFA).

On January 21, 2010, HUD issued for public comment a comprehensive set of closing documents for use in FHA multifamily rental projects.

NH&RA is pleased to offer the PowerPoint slide presentations for sessions exhibited during the 2010 Fall Developers Forum, October 18 & 19 in Boston, Mass.

The National Housing & Rehabilitation Association and its sub-council, the National Council of Affordable Housing Market Analysts (NCAHMA) each hosted highly successful conferences in October to close NH&RA’s 2010 meeting schedule.

Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:

Tax Credit Advisor – November 2010 – Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.

The Community Development Financial Institutions (CDFI) Fund has announced $80 million in awards in the first funding round of the federal Capital Magnet Fund program.

Massachusetts Department of Housing and Community Development Undersecretary Tina Brooks is hosting three listening sessions on the Housing Development Incentive Program (HDIP).

NCAHMA welcomed roughly 100 professionals to Chicago for its 2010 Affordable Housing Underwriting Conference & Annual Meeting on October 5-6. The event was one of NCAHMA’s best turnouts ever! If you missed it, don’t worry! You can download all of the PowerPoint presentations offered during the conference.

HUD has announced the availability of 500 project-based HUD-Veterans Affairs Supportive (VASH) vouchers in a new competitive funding round.

HUD’s Office of Housing on September 30 issued a new (H 10-22), effective immediately, containing guidelines for assumption, subordination, or assignment of Mark-to-Market (M2M) Program Loans in transfer of physical assets (TPA) and refinance transactions.