News

Fannie Mae, drawing on data from Real Capital Analytics (RCA), reported recently that multifamily investment sales have spiked during 2011, reaching $13.9 billion during the second quarter of 2011, or more than one and a half times as much as the first quarter 2011 total of $9 billion.

The Virginia Housing Development Authority has scheduled a Market Analyst Forum on Wednesday, September 14 in Belvidere. The forum will begin promptly at 10 a.m. and last approximately 1.5 hours. The focus of this discussion will be changes to VHDA’s market study guidelines and processes beginning in 2012.

The Montana Board of Housing (MBOH) released the first draft of its 2012 QAP.

In a press release dated August 22, HUD’s Federal Housing Administration announced that there been such demand for FHA-insured financing to build, rehabilitate or refinance multifamily apartment properties. FHA today announced that it has endorsed $10.5 billion in multifamily rental housing loans since last October, with another month-and-a-half remaining in the fiscal year.

The Texas Department of Housing and Community Affairs (TDHCA) released the first draft of its 2012 QAP as well as a draft of the 2012 Definitions and Amenities for Housing Program Activities.

On Monday August 22, 2011, the Federal Housing Administration (FHA) issued an updated version of its Multifamily Accelerated Processing (MAP) Guide. The was updated in response to a significant increase in demand for FHA insured multifamily development loans for the current fiscal year. This year alone, the FHA has insured almost 1,100 loans nearing $10.5 billion, which is about seven times greater than the demand for FHA insured loans from three years ago. In order to meet this new demand, the new guide will help expedite and better manage the processing of new loan applications.

The North Carolina Housing Finance agency has released the first draft of its 2012 QAP as well as a summary of major revisions to the 2012 plan.

I am pleased to let you know about some important changes to Housingonline.com. NH&RA has implemented a dynamic new communications and database platform which is now integrated with our website www.housingonline.com. This new system provides our members and friends with exciting new tools to better manage your membership, benefits and communications preferences. It utilizes “self-service administration” technology that will allow you to update your personal information, contact preferences, professional interests, purchase products, register for events, fill out surveys, view and pay outstanding invoices and much more…

The National Housing & Rehabilitation Association has signed a letter, joined by numerous organizations, rebutting a proposal by Sen. Tom Coburn (R-Okla.) to eliminate the federal low-income housing tax credit (LIHTC) program.

The U.S. Department of Housing and Urban Development (HUD) has released the proposed fair market rents (FMRs) for fiscal year 2012.

On Tuesday, the U.S. Department of Commerce stated that total housing starts for the month of July dropped 1.5 percent but starts on multi-family housing projects increased by 7.8 percent to 179,000 units.

The U.S. Census Bureau has released a white paper that proposes options for the uses and flexibility of the new data sample for the 2015 American Housing Survey (AHS).