Latest News
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New Pilot Programs Target LIHTC Funding and Inspection Processes
Wednesday, February 22, 2012
On February 10, FHA unveiled a new pilot program designed to cut the time needed to review and approve loans for properties assisted through the Low-Income Housing Tax Credit (LIHTC) program from approximately one year to under 120 days. The program is launching in Chicago, Detroit, Boston and Los Angeles. Read More
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Administration Plans FHA Premium Increases
Tuesday, February 21, 2012
HUD announced this week that it is planning to increase premiums for the FHA conventional multifamily programs. The proposal would see a 20 basis point (bps) increase on new construction loans through the 223(d)(4) program, 15 bps for the new Read More
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HUD Issues New Gender and Sexual Orientation Protections
Monday, February 20, 2012
HUD recently published a final rule designed to ensure that HUD programs are open to eligible applicants regardless of sexual orientation or gender identity. The rule, which applies to owners and operators of Read More
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Obama Budget Blueprint Released
Sunday, February 19, 2012
The budget blueprint released by President Obama on Tuesday includes a number of items of interest to housing providers. Among other things, the measure would increase taxes on carried interest. It also proposes reforms and expansion Read More
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HUD Agrees to Revise Bed Bug Guidance
Saturday, February 18, 2012
In a victory for the apartment industry, on January 17, HUD issued a letter notifying NAA/NMHC of its intent to revise the onerous bed bug guidance document they issued last August. NAA/NMHC have pressed HUD to rescind the Read More
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America Is Becoming a Nation of Renters
Wednesday, February 8, 2012
According to the U.S. Commerce Department, the number of houses occupied by people who rent at the end of the fourth quarter 2011 rose by 749,000. Meanwhile, the number of houses occupied by owners Read More
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Sioux Falls Community Development Annouces Rental Rehab Program
Tuesday, January 24, 2012
The City of Sioux Falls office of Community Development announced today it is now accepting applications for a new Rental Housing Rehabilitation Program focused in a core neighborhood. The Rental Housing Rehabilitation Program is available to rental Read More
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Payroll Tax Cut Extension Raises FHA Multifamily Premiums
Monday, January 16, 2012
The year-end deal to temporarily extend the payroll tax cut includes an increase in the GSE guarantee fee to help offset the costs of the program. Apartment firms should note that this increase applies only to single-family mortgage securities; multifamily securities are unaffected. However, another provision in the bill will raise the FHA multifamily mortgage premium by 10 basis points. Read More
