The National Council of Housing Market Analysts (NCHMA) sent comments and recommendations to HUD as it updates Chapter 7 of the Multifamily Accelerated Processing (MAP) Guide Market Study Guidelines.
The California Housing Partnership released new reports in collaboration with local and regional housing organizations that document the deteriorating conditions facing low-income renters in five Southern California counties: Los Angeles, Orange, Riverside, San Bernardino and San Diego. The reports offers policy recommendations for state, local and regional leaders…
On May 17, Colorado Governor Jared Polis (D) signed HB19-1228 into law. The bill increases the amount of state Affordable Housing Tax Credits available for annual allocation by the Colorado Housing and Finance Authority from $5 million to $10 million for 2020-2024.
Freddie Mac Multifamily announced four vice presidents: Geri Borger Urgo is now vice president, production & sales, overseeing the Southeast and Northeast regions. Michael Case is now vice president, multifamily capital markets, overseeing all multifamily loan pricing functions. Catherine Evans is now vice president, Small Balance Loan (SBL) underwriting, overseeing the SBL underwriting team. Amanda Nunnink is now vice president, Multifamily investor relations, leading the team that markets the multifamily securities platform.
Woda Cooper hosted a grand opening and ribbon-cutting on May 15, 2019 for its new Muncy Greene development. The $13.8 million development features 60 single-level apartments that are geared towards low-income seniors. It is one of the first multifamily properties in Pennsylvania to be built to Passive House Institute US certification standards to ensure energy efficiency and low heating and cooling cost.
Cinnaire Announces First Property Purchased for Indianapolis’ Equitable Transit-Oriented Development Fund
Cinnaire announced the closing of a $400,000 loan with the Indianapolis Neighborhood Housing Partnership® (INHP) for land acquisition for development of affordable housing one block from a Red Line bus rapid transit station in Indianapolis. The investment is the first loan from the $15 million Equitable Transit-Oriented Development fund launched in February 2019.