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Urban Commercial Real Estate, Multifamily Housing Favored by Opportunity Zone Fund Managers
WASHINGTON, DC — Fund managers aiming to raise capital through the Opportunity Zone (OZ) tax incentive enacted last year are heavily focused on commercial real estate in larger urban areas,...
FHFA Announces 2019 Multifamily Lending Caps for Fannie Mae and Freddie Mac
On November 6, the Federal Housing Finance Agency (FHFA) released its 2019 multifamily lending caps for the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac.
Iowa Finance Authority Awards $2.7 Million to Build Permanent Supportive Housing for Addiction Recovery Center in Dubuque
The Iowa Finance Authority Board of Directors recently awarded $2.7 million to nonprofit Manasseh House/Operation Empower to fund the construction of Liberty Recovery Community, an addiction recovery center with permanent supportive housing in Dubuque. The funding was made available through the National Housing Trust Fund program.
Iowa Finance Authority Awards City of Garner $360,000 For Workforce Housing
The Iowa Finance Authority Board of Directors today approved a $360,000 low-interest loan to the City of Garner for the construction of twelve new workforce rental townhomes. The award was made through the Workforce Housing Loan program, which provides financial assistance in the form of low-cost repayable loans to cities and counties.
Iowa Finance Authority Awards $100,000 to Support Creation of Mobile Disaster Response Team
The Iowa Finance Authority Board of Directors today awarded $100,000 to Habitat for Humanity of Iowa to support the creation of a new statewide mobile disaster response team. The team’s efforts will first be focused on assisting with home damage caused by the July 19, 2018 tornado in Marshalltown.
NJHMFA Seeking Hospitals Interested in $12M Supportive Housing Partnership
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) has invited hospitals statewide to participate in a $12 million innovative partnership program promoting investment in affordable and supportive housing in their communities.
Freddie Mac Releases Three More White Papers in Duty-to-Serve Series
Freddie Mac has published three additional white pages in its “Duty-to-Serve” series, designed to examine efforts to encourage housing affordability and increase rental and homeownership opportunities in underserved markets.
FHFA Announces 2019 Multifamily Lending Caps for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for...
NJHMFA Receives Grant to Support Housing Counseling for New Jersey Residents
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) board has taken action to further the Murphy administration’s stepped-up efforts to provide quality housing counseling to New Jersey residents with a nearly $250,000 federal grant dedicated toward expanded services.
Washington Report | November 2, 2018
The news this week that the “self-driving” car company Waymo was granted the first permit in California to begin driverless testing on public roads was another small step towards a total...
NJHMFA Marks Groundbreaking for Affordable Apartments in Camden
State and local officials, including New Jersey Housing and Mortgage Finance Agency Executive Director Charles A. Richman (NJHFMA), marked the groundbreaking today of 72 affordable rental apartments for families – the next phase in the redevelopment of a dilapidated and obsolete public housing complex in the city’s Centerville neighborhood.
Freddie Mac Shines Spotlight on Underserved Multifamily Housing Markets with Three New White Papers
MCLEAN, Va., Nov. 02, 2018 — Freddie Mac (OTCQB: FMCC) today released three additional white papers in its eight-part Duty to Serve series that are designed to shed light on underserved multifamily...
