FHA
Frank Cassidy Nominated as FHA Commissioner
Earlier this month, President Trump nominated Acting Federal Housing Administration (FHA) Commissioner Frank Cassidy to officially serve in this role.
Recent HUD Changes Increase Proceeds for Multifamily Developers and Owners
HUD has formally approved changes to the debt service coverage (DSCR) and loan-to-cost (LTC)/loan-to-value (LTV) criteria for 221(d)(4) and 223(f) programs.
Opportunity for Developers to Capitalize on Interest Rate Uncertainty
Recent changes to the Federal Housing Administration (FHA)-Housing Finance Agency (HFA) Risk-Sharing program, part of the Biden-Harris administration’s broader affordable housing initiatives, are aimed at increasing the construction of affordable multifamily housing.
LIHTC Qualified Contract Changes
HUD recently announced a significant policy change that will impact developers involved in the LIHTC program.
Biden-Harris Administration Extends FFB Risk-Sharing Program Indefinitely
The Biden-Harris administration announced new actions to boost housing supply and lower housing costs, including an indefinite expansion of the Federal Financing Bank (FFB) Risk-Sharing program.
FHA Multifamily Mortgages up to $120 Million Now Eligible for Standard Underwriting
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 to $120 million.