HUD Tag Archives

Red Mortgage Capital Adds New York Lending Office

RED Mortgage Capital, a division of ORIX Real Estate Capital, LLC, has hired Sean Cullen and Ronnie Gyani to lead its multifamily affordable lending activities in the greater New York City area. Cullen and Gyani have worked together since 2010 and both bring a strong level of affordable housing finance experience to RED’s New York and East Coast operations.

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HUD to Cut Notice for Inspections of Public Housing and Privately Owned Apartment Buildings

HUD announced it is reducing the advance notice it provides to public housing authorities (PHAs) and private owners of HUD-subsidized apartment developments before their housing is inspected to ensure it is decent, safe and healthy.  HUD’s new standard provides PHAs and private owners of HUD-assisted housing 14 calendar days’ notice before an inspection, a dramatic reduction from the current notice which can frequently extend up to four months.

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HUD Issues Memos on Multifamily Production and Asset Management activities, HCV Funding and Public Housing Operating Fund

The Deputy Assistant Secretary of HUD’s Office of Multifamily Housing Programs issued two memos regarding the resumption of Multifamily production and asset management activities.

The General Deputy Assistant Secretary for Public and Indian Housing issued a letter that provides information on the status of Housing Choice Voucher (HCV) program funding and the Public Housing Operating Fund under the Continuing Resolution that funds the government through Feb. 15.

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