Multi-Family Finance

The U.S. Department of Treasury has released an update on the Build America Bonds program, including state-by-state data. The Build America Bonds program is a new financing tool created by the American Recovery and Reinvestment Act to allow state and local governments to obtain much-needed funding to support economic and community development projects.

Four months after former CEO David Moffett resigned, Freddie Mac has named Charles Haldeman Jr. as CEO. Interim CEO John Koskinen will return to his position as chairman of the board.

David Sterns was recently sworn in as the new Assstant Secretary for Housing and the Federal Housing Administration (FHA) Commissioner at the U.S. Department of Housing and Urban Development (HUD).

NH&RA has uploaded new video excerpts from the 2009 Spring Developers Forum, May 11-12 in Los Angeles, California. If you missed these great sessions you can view video excerpts from the meeting on HousingOnline’s You Tube Channel. The session explored new funding sources made available by the American Recovery & Reinvestment Act including the Tax Credit Exchange and TCAP Programs and in particular issues pertaining to the recent guidance provided by HUD, the Department of Treasury and the IRS on the implementation of these programs. Featured speakers include Peter Bell (NH&RA), Ronne Thielen (Centerline Capital), Joel Rubenzahl (Community Economics Group), Tom Capp (Gorman & Company) and Jeanne Peterson (Reznick Group).

The Federal Housing Finance Agency (FHFA) has issued a notice of intent to establish three new systems of records involving the Federal Home Loan Bank System Directory, the Financial Management System, and the Correspondence Tracking System.

House Financial Services Committee Chairman Barney Frank (D-Mass.) introduced legislation (HR 3068) that would that would send $2.5 billion in TARP dividends to housing programs created by the last Congress and dedicate $4 billion of what remains from the original $700 billion in TARP funding to other efforts to help struggling homeowners.

Michigan State Housing Development Authority has issued a number of updates pertaining to the tax credit program:

The Harvard Joint Center for Housing Studies has released its The State of the Nation’s Housing 2009 report. This annual report looks at housing markets, demographic drivers, homeownership, rental housing, and housing challenges.

According to speakers at the National Association of Real Estate Investors’ REITWeek Conference last week in New York City, public real estate investment trusts (REIT) will make up the few top players in the commercial real estate market because of their access to capital and fundraising abilities to accumulate assets, while many private equity providers remain unwilling to invest.

The National Housing & Rehabilitation Association has made available the PowerPoint presentations displayed during the recent 2009 Spring Developers Forum: A Time of Opportunity, held May 11-12, 2009 at the Hyatt Regency Century Plaza in Los Angeles, California.

Download Our Brochure For The 2009 Spring Developers Forum, May 11-12 in Los Angeles. Click here to download our conference brochure. 

National Council of Affordable Housing Market Analysts recently convened its Spring Public Policy & Market Study Forum April 6-7 in Washington DC. This year’s innovative program featured a very informative Washington & Public Policy Update. The panelists explored critical topics including the American Recovery & Reinvestment Act, congressional legislative priorities, personnel and regulatory changes at HUD and in the Obama Administration and much, much, more…You can now preview the session on our YouTube Channel or our our website…