Multi-Family Finance

NH&RA News

Freddie Mac to Purchase and Securitize Tax-Exempt Multifamily Housing Loans

Freddie Mac recently announced a new initiative aimed at broadening the availability of financing for affordable rental properties financed with tax-exempt bonds, in order to keep rental housing affordable for low-income families. The Direct Purchase of Tax-Exempt Loans “program” will increase the liquidity needed for more affordable housing while creating investment opportunities for investors.

HUD

HUD Announces Multifamily MIPs to Remain Unchanged in FY-15

HUD has issued a notices announcing that the mortgage insurance premiums for FHA’s Multifamily, Health Care Facilities and Hospital mortgage insurance programs that have commitments to be issued or reissued in FY-15 will remain the same as in FY-14.  Multifamily programs covered by the notice include:

congress-capitol

UPDATE: Sens. Johnson and Crapo Release Housing Finance Reform Discussion Draft

Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) recently released a discussion draft for bipartisan housing finance reform….

congress-capitol

2014 NH&RA Annual Meeting & Senior Housing Symposium: Conference Materials

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 NH&RA Annual Meeting are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting! Conference Recordings of each session will be available in NH&RA’s Online Store following the conference.

congress-capitol

Obama’s FY 2015 Budget Requests $46.7 Billion for HUD Programs

On March 4, President Barack Obama introduced his fiscal year (FY) 2015 budget, requesting a total of $46.7 billion for Department of Housing and Urban Development (HUD) programs, as well as significant policy proposals aimed at improving the Low-Income Housing Tax Credit (LIHTC) program and a proposal to modify and permanently extend the New Markets Tax Credit.

congress-capitol

Harvard Joint Center for Housing Studies Releases New Report at Washington Event

On December 9, 2013, the Joint Center for Housing Studies of Harvard University (JCHS) released a new report on U.S. renters and rental housing characteristics, conditions, and trends during an event at the Newseum in Washington, D.C. The report, America’s Rental Housing: Evolving Markets and Trends, describes how the 2008 recession has impacted rental housing trends. Currently, there are 43 million rental households, representing 35% of Americans — the highest rate in more than a decade. Additionally, a disproportionate amount of lower-income families and individuals living in rental housing pay an excessive share of their income towards rent. Because of the vast changes in housing, many consider America to be experiencing the worst crisis today in renter affordability.

HUD

HUD Previews New Energy Efficiency Incentives for Affordable Housing Owners

On December 3, 2013 HUD previewed to NH&RA a series of new incentives and policy flexibility for owners of multifamily affordable housing properties that commit to making portfolio wide energy efficiency commitments through the Administration’s Better Buildings Challenge. HUD has developed these incentives to address the market and policy barriers that owners experience in greening their properties. The underlying policy will be issued in a separate and forthcoming Implementation Memo, to be released in FY-2014.

Kentucky

UPDATE: New Executive Director of Kentucky Housing Corporation

Kentucky Housing Corporation (KHC) has been working on a new initiative known as KHC 20/20. KHC 20/20 is the strategic plan and remodeling of KHC leadership with overall goals of creating a more streamlined, efficient program and generating new housing products to strengthen the network of partnerships.

Louisiana

Louisiana RAD Workshop

The Louisiana Housing Corporation (LHC) is sponsoring a Rental Assistance Demonstration (RAD) Workshop on Thursday, December 12, 2014 at 9:30 AM. The workshop will cover, but is not limited to, a brief overview of the RAD Program, LHC Participation, and recommended ways to utilize 4% Low Income Housing Tax Credits and Multifamily Mortgage Revenue Bonds. LHC strongly recommends that interested developers, consultants, and Louisiana Public Housing Authorities attend this meeting.

Kentucky

New Kentucky Housing Corporation Executive Management Team

Kentucky Housing Corporation (KHC) has been working on a new initiative known as KHC 20/20. KHC 20/20 is the strategic plan and remodeling of KHC leadership with overall goals of creating a more streamlined, efficient program and generating new housing products to strengthen the network of partnerships.

HUD

Recent Memo from FHA Outlines 3 Changes to Multifamily Transformation Proposal

A recent memo from the Ben Metcalf, Deputy Assistance Secretary for Multifamily Housing at HUD outlines three changes to its transformation plan.

congress-capitol

NH&RA 2013 Fall Developers Forum: Conference Materials Available!

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 Fall Forum are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting!

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