Multi-Family Finance

NH&RA News

Freddie Mac Finances $24 billion in Multifamily Loans and Guarantees in 2008

Freddie Mac has announced it financed $24 billion in multifamily whole loan and bond guarantee business in 2008, a more than 10 percent increase over its 2007 volume.

NH&RA News

Fannie Mae Finances $35.5 Billion in Multifamily Housing in 2008

Fannie Mae announced that the company, through its lender and housing partners, financed $35.5 billion in multifamily rental housing in 2008.

HUD

HUD Issues Draft Notice on Delegated Processing of Section 202 Projects

The U.S. Department of Housing and Urban Development’s Office of Housing has posted the draft of a new notice spelling out procedures for the delegation to state and local housing agencies of processing of new Section 202 elderly supportive housing projects.

NH&RA News

Harvard Report Outlines Multifamily Challenges

Harvard University’s Joint Center for Housing Studies has published a new report on the nation’s multifamily housing finance system and the role of the federal government, HUD, FHA, and the government-sponsored enterprises in the system.

HUD

HUD Announces Planned Loan Sale

The U.S. Department of Housing and Urban Development has announced its intention to sell certain unsubsidized multifamily and healthcare mortgage loans, without Federal Housing Administration (FHA) insurance, in a competitive, sealed bid sale.

congress-capitol

Chairman Frank Proposes $10 Billion for Stalled LIHTC Projects

In an interview reported by the Boston Globe, U.S. Representative Barney Frank indicated he wants the government to spend $10 billion on stalled low-income housing tax credit projects unable to secure equity.

NH&RA News

NH&RA Launches Council for Energy Friendly Affordable Housing

NH&RA has officially launched the new Council for Energy Friendly Affordable Housing (CEFAH). CEFAH is an independent council within NH&RA focused on developing policy solutions and practical, cost effective measures to reduce energy consumption in affordable, public and HUD-assisted housing.

NH&RA News

Outgoing Treasury Secretary Recommends Abolishing Fannie Mae and Freddie Mac

In what is being billed as his last speech, Treasury Secretary Henry M. Paulson Jr. delivered thoughts on the future of Fannie Mae and Freddie Mac.

IRS

IRS Issues Rule on Conduit Financing Arrangements

The Internal Revenue Service has issued a proposed rule relating to conduit financing arrangements.

HUD

HUD Solicits Comments on Multifamily Reporting Template

The U.S. Department of Housing and Urban Development (HUD) is soliciting comments by January 21 on a proposed template it has developed to be used by HUD multifamily housing program participants to submit financial data electronically.

NH&RA News

Banking Regulators Revise CRA Regulations

The four federal banking regulators on December 22 issued a joint final rule to amend their Community Reinvestment Act (CRA) regulations.

congress-capitol

Governors Propose Agenda for Recovery Package

New York Gov. David Paterson and several other governors recently sent a letter to President-elect Obama and Vice President-elect Biden that proposes an agenda for federal aid to states to be included in any future comprehensive economic recovery package.

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