Indiana Housing and Community Development has released a non-exhaustive lists of issues found with last year’s market studies. The list is provided in order to help analysts when composing studies for this year.
Topic areas include, but are not limited to, the assessment of existing housing conditions, demographic, market demands (present and future), public access to infrastructure and transportation, job growth, and identification of critical market gaps and issues.
Oregon Housing and Community Services (OHCS) is placing a greater emphasis on strategic planning and the way we invest our resources. Over the past several years we have been restructuring, refocusing and reimagining our department. Our work has led to a greater emphasis on data, research and customer service. In 2017, we are carrying that […]
The new MAP Guide delegates more underwriting responsibility to approved “MAP lenders” and includes all relevant guidance published by FHA since the MAP Guide was last updated in 2011.
U.S. Department of Housing and Urban Development (HUD) released recently a draft form of an updated Multifamily Accelerated Processing (MAP) Guide. The agency is inviting stakeholders to provide feedback until May 14, 2015.
Market analysts and industry peers gathered for the NCHMA Spring Meeting to discuss ways to streamline and improve U.S Department of Housing and Urban Development (HUD) and LIHTC underwriting market analysis. Participants also considered ways market analysts could collaborate better with industry partners and clients.
HUD announced a series of clarifications that are effective immediately and will be reflected in a revised Multifamily Accelerated Processing (MAP) Guide. They focus on equal pay-in, bridge loans, identity of interest, subordinate debt, vacancy rates, and developer fees.
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 and the U.S. Census Bureau recently released the results of the 2013 American Housing Survey (AHS), marking the 40th year the survey has taken a detailed look at the U.S. housing stock including detailed information on housing costs and quality.
A key element in the development or acquisition of a low-income housing tax credit (LIHTC) property is the real estate appraisal.
A recent memo released by HUD dated August 7, 2014, addresses the use of a lender ordered MAP appraisals in lieu of a separate Rent Comparability Study (RCS) for Mark-Up-To-Market transactions. The Department plans to change the current RCS guidelines upon publication of the long awaited updated Section 8 Renewal Policy Guide to allow for the use of a lender ordered MAP appraisal that will serve a dual purpose; serving as an RCS and for use in underwriting an application for HUD mortgage insurance.
The National Council of Affordable Housing Market Analysts’ (NCAHMA) has adopted a series of documents, including three cornerstone documents: the Model Content Standards for Market Studies for Rental Housing , the Market Study Index, and the Code of Ethics and Standards of Professional Practice. These fundamental and comprehensive documents are supplemented by several White Papers and […]