General News

Housing credit properties are performing well across-the-board, including large, small, urban, and exurban projects, according to a new report from Cohn Reznick.

Federal Housing Finance Agency (FHFA) Director Melvin L. Watt instructed Fannie Mae and Freddie Mac to begin setting aside and allocating funds for the Housing Trust Fund and the Capital Magnet Fund. The funds have sat empty since they were created six years ago due to a temporary suspension.

The National Council of Housing Market Analysts gathered this week in New Orleans for discussions as bright and energetic as the legendary holiday decorations that lit up historic Roosevelt Hotel where they took place. While NCHMA is largely made up for market analysts, the event attracted professionals from across the industry. Eight in-depth panels featured the voices of Housing Finance Agency representatives, developers, and syndicators, in additional to market analysts. The conference participants delved into issues that spanned from adjusting for potential Section 8 subsidy loss to identifying market red flags to strategies for Year 15 projects.

HUD released a webinar highlighting certain provisions in the recently published Supportive Housing and Services for the Elderly and Persons with Disabilities: Implementing Statutory Reforms Proposed Rule.

Compilation of State Housing Finance Agency, QAP, LIHTC, Gap Financing and other news for the week of November 17, 2014.

Florida Housing Finance Corporation (Florida Housing) is testing a new initiative to fund the renovation and retrofit of an older senior rental property in its portfolio to make it more supportive and user-friendly for the existing elderly residents so that they can better “age in place.”

NH&RA announced today who will speak at the 2014 NCHMA Annual Meeting panel sessions. Twenty two experts from across the country will come together for a series of information-packed, thought-provoking sessions, which will focus on a variety of topics, delving into the newest developments and looking back at lessons learned.

HUD recently announced a new application round for the Choice Neighborhoods Implementation Grants. Choice Neighborhoods Implementation Grants support the implementation of comprehensive neighborhood revitalization plans that are expected to achieve the following three core goals…

On November 5, 2014, HUD’s Office of Multifamily Housing and the Office of Field Policy and Management hosted an official kick-off event to celebrate the new Multifamily Southwest Region.

Across much of the country, apartment communities developed with federal tax credits are frequently plain vanilla – simple, high-quality affordable garden-style complexes or mid-rises for families and seniors.

With just two months remaining, it appears 2014 will turn out to be a banner year for the low-income housing tax credit (LIHTC) market in terms of the total volume of equity raised, even as syndicators are being squeezed on profitability, and yields on multi-investor funds continue to fall.

Collection of State Housing Finance Agency from across the nation for the week of October 27.