HUD: Financing Flexibility Increased for Multifamily Affordable Housing Development
Updates to Federal Housing Administration (FHA) Multifamily Mortgage Insurance helps lenders and developers increase the supply of affordable rental housing in America. The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA), announced updated requirements for several of its multifamily mortgage insurance programs. During the Biden-Harris Administration, FHA has prioritized…
HUD: Over $140 Million Invested to Support Families Achieving Economic Self-Sufficiency
Funding through the Family Self-Sufficiency (FSS) program empowers families to build savings, gain employment, and achieve financial independence. The U.S. Department of Housing and Urban Development (HUD) today announced over $140 million in funding to 836 existing grantees through the Family Self Sufficiency (FSS) Program. These awards will fund 1,537 service coordinator positions across the…
HUD: Adjustments Announced for Affordable Rental Properties to Address Rising Expenses and Insurance Costs
HUD releases 2025 Operating Cost Adjustment Factors, with new rent adjustments to address rising property management expenses, including insurance coverage, for multifamily properties. Amidst rising insurance and property management costs across the nation, the U.S. Department of Housing and Urban Development (HUD) today announced the latest change to help housing providers maintain affordable rents while…
HUD: $3.2 Million Invested to Improve Housing for Savannah Families
HUD highlights significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3.2 million award to Savannah Gardens Senior Residences in Savannah, Georgia under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for more than 39 rental homes. This Comprehensive grant will…
HUD: New Actions Announced to Improve HUD’s Handbook for the Management of Multifamily Affordable Homes
Process kicks off the first set of comprehensive updates to the Handbook since 1992 and will provide HUD-assisted property owners and managers with comprehensive guidance to better meet the needs of renters across America. The U.S. Department of Housing and Urban Development (HUD) today announced the start of its process to update the Multifamily Asset…
HUD: Over $1.1 Million Invested to Modernize Senior Housing in Baltimore
Two recently closed transactions will fund repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of two transactions, totaling $1.1 million, to help finance repairs and energy efficiency and climate resilience improvements at two multifamily properties in Baltimore, Maryland, home to 143 seniors….
FHFA: Data Visualization Dashboard Released for Enterprises’ Multifamily Mortgage Acquisitions
The Federal Housing Finance Agency (FHFA) released an interactive tool for tracking data on multifamily mortgages that enables users to review details about loans and properties at both the state and national levels. The tool, known as a data visualization dashboard, provides a more accessible way to view and understand data on multifamily mortgages. It…
FHFA: FHA Announces Multifamily Tenant Protections for Properties Financed by Fannie Mae and Freddie Mac
Tenant protections will be included in new multifamily loan agreements beginning in February 2025 The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises). This announcement results from FHFA’s extensive and ongoing engagement with market participants and key stakeholders…
HUD: $14.8 Million Transaction Closed to Build New Affordable Rental Homes in Chapel Hill, NC
Transaction supports the construction of 54 new affordable homes CHAPEL HILL – Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Town of Chapel Hill Department of Housing. Through the transaction, the Town of Chapel Hill contracted with…
HUD: Deal Finalized to Promote Energy Efficiency and Climate Resilience for New York Families
The transaction is funded by the Inflation Reduction Act as part of President Biden’s Investing in America agenda to provide more comfortable homes for families. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it has completed a $192,000 loan transaction under the Green and Resilient Retrofit Program…