http://multifamilyexecutive.com/articles/news/latest-industry-news.aspx?view=rss&id=Query_tcm23102288http://multifamilyexecutive.com/debt/fha-bombshell-were-tightening-our-underwriting.aspx?rssLink=FHA+Bombshell%3a+We're+Tightening+Our+UnderwritingThe FHA has become the most prolific and popular construction debt source since the advent of the credit crunch. But the agency has unveiled proposed changes to its Sec. 221(d)(4) and Sec. 223(f) programs which could make it much harder for developers to gain access to those programs, according to an announcement at the MBA/CREF Conference this week.Thu, 4 Feb 2010 03:03:07 EST DebtLendersGovernment Entitieshttp://multifamilyexecutive.com/distressed-assets/atlanta-firm-in-bankruptcy.aspx?rssLink=Atlanta+Firm+in+BankruptcyMiles Properties, an Atlanta-based multifamily firm that once had nearly 10,000 units under ownership and management, filed bankruptcy in January. Thu, 4 Feb 2010 11:46:20 EST BusinessMultifamily Trendshttp://multifamilyexecutive.com/distressed-assets/creditor-group-approves-125-million-for-fairfield-residential.aspx?rssLink=Creditor+Group+Approves+%24125+Million+for+Fairfield+ResidentialFairfield Residential is moving through its bankruptcy at record speed. The San Diego-based multifamily real estate operating company announced earlier this week that its official committee of unsecured creditors and Capmark, a lender, have signed off on a plan for Och-Ziff Real Estate Acquisitions, an affiliate of New York based Och-Ziff Capital Management Group, and the California State Teachers’ Retirement System (CalSTRS) to inject $125 million into the company’s reorganization plan.Thu, 4 Feb 2010 12:04:13 EST Distressed AssetsBusinesshttp://multifamilyexecutive.com/affordable-housing/texas-mississippi-under-fire-for-shortfalls-in-disaster-recovery-spending.aspx?rssLink=Texas%2c+Mississippi+Under+Fire+for+Shortfalls+in+Disaster+Recovery+SpendingMississippi and Texas are in the hot seat, charged with inadequately allocating Community Development Block Grants (CDBG) disaster recovery funds to benefit low-income residents displaced by hurricanes.Thu, 4 Feb 2010 02:54:10 EST Affordable HousingHousing PolicyHurricaneshttp://multifamilyexecutive.com/rents/bank-of-america-enters-electronic-rent-payment-arena.aspx?rssLink=Bank+of+America+Enters+Electronic+Rent+Payment+ArenaOakland, Calif.-based PropertyBridge, a MoneyGram International company and provider of electronic rent payment services to the multifamily housing industry, has reached an exclusive agreement with Charlotte, N.C.-based Bank of America Merrill Lynch to provide electronic rent payment functionality to Bank of America’s multifamily clients.Thu, 4 Feb 2010 12:40:15 EST RentsTechnologyhttp://multifamilyexecutive.com/debt/what-the-portfolio-cap-lift-means-for-the-gses.aspx?rssLink=What+the+Portfolio+Cap+Lift+Means+for+the+GSEsThe Treasury Department has given the GSEs increased flexibility in reducing the size of thier portfolios. But will that announcement change the way Fannie and Freddie approach thier business?Wed, 3 Feb 2010 08:22:42 EST DebtGovernment EntitiesMultifamily Trendshttp://multifamilyexecutive.com/debt/fannie-freddie-2009-production-numbers-point-to-2010-trends.aspx?rssLink=Fannie%2c+Freddie+2009+Production+Numbers+Point+to+2010+TrendsThe GSEs released thier 2009 volume numbers, and the steep declines in production mirror an industry that continues to bounce around the bottom. Still, the figures indicate what strategies each GSE will employ in 2010.Wed, 3 Feb 2010 07:30:35 EST DebtGovernment Entitieshttp://multifamilyexecutive.com/loans/anatomy-of-an-implosion.aspx?rssLink=Anatomy+of+an+implosionFeb. 1--A $5.4 billion New York commercial real estate deal involving two huge apartment complexes -- Stuyvesant Town and Peter Cooper Village -- fell apart last week. Wed, 3 Feb 2010 12:06:50 EST Loanshttp://multifamilyexecutive.com/technology/realpage-in-preparation-for-ipo.aspx?rssLink=RealPage+to+Acquire+Domin-8+in+Preparation+for+IPOMultiple sources have confirmed to Multifamily Executive that Carrollton, Texas-based multifamily software and technolgy services provider RealPage has agreed in principle on the acquisition of Cincinnatti-based property management software firm Domin-8. If consumated, the deal would become the latest in a string of multifamily technology sector buys by RealPage that sources say are part of a larger balance sheet, strategic, and operational corporate positioning as the company prepares for an initial public offering.Tue, 2 Feb 2010 06:51:33 EST TechnologyBusinesshttp://multifamilyexecutive.com/lenders/the-top-10-affordable-housing-lenders-of-2009.aspx?rssLink=The+Top+10+Affordable+Housing+Lenders+of+2009Bank of America claims the leadership position on Affordable Housing Finance's exclusive Top Lenders survey, leaping over Citi Community Capital for the first time in our third annual installment. In all, 2009 was an extremely challenging year, as nine of the top 10 lenders saw declines due to the continued erosion of the low-income housing tax credit market.Tue, 2 Feb 2010 04:56:25 EST LendersAffordable Housinghttp://multifamilyexecutive.com/software/five-tips-for-affordable-owners-on-how-to-choose-property-management-software.aspx?rssLink=Five+Tips+for+Affordable+Owners+on+How+to+Choose+Property+Management+SoftwareAffordable housing owners looking to purchase property management software face many different and difficult choices. Here are five tips that every affordable housing manager should keep in mind when assessing the market. Tue, 2 Feb 2010 04:28:23 EST SoftwareTechnologyhttp://multifamilyexecutive.com/reits/equity-residential-makes-new-york-buys.aspx?rssLink=Equity+Residential+Makes+New+York+BuysAfter buying a trophy property in Arlington, Va., late last year, Chicago-based Equity Residential (EQR) continues to add apartments to one of the largest apartment portfolios in the country. Wed, 3 Feb 2010 08:30:40 EST REITsDispositions and Transactionshttp://multifamilyexecutive.com/construction/construction-industry-braces-for-a-painful-year.aspx?rssLink=Construction+Industry+Braces+for+a+Painful+YearMultifamily housing starts plummeted again in December 2009, but a rise in permits that same month just might point to an early recovery. While starts dropped from 7,600 units in November to 7,500 units in December, multifamily permits jumped 20.8 percent in December to 145,000 units, according to data released by the U.S. Commerce Department.Fri, 29 Jan 2010 11:45:00 EST ConstructionEconomic Conditionshttp://multifamilyexecutive.com/distressed-assets/recovery-rates-on-apartment-loans-exceed-60-percent.aspx?rssLink=Recovery+Rates+on+Apartment+Loans+Exceed+60%25When an apartment loan goes into default, the bank ends up getting a recovery rate of about 63 percent, according to an analysis from New York-based research firm Real Capital Analytics. Thu, 28 Jan 2010 05:47:10 EST Distressed Assetshttp://multifamilyexecutive.com/distressed-assets/despite-failure-interest-is-strong-in-manhattans-massive-stuytown-property.aspx?rssLink=Despite+Failure%2c+Interest+is+Strong+in+Manhattan's+Massive+StuyTown+PropertyThe fact that the mammoth Peter Cooper Village/Stuyvesant Town apartment complex in Manhattan is heading back to its lenders is no surprise. But who ultimately ends up with the asset after the tug of war for control will be a great source of intrigue for the industry over the next year.Thu, 28 Jan 2010 05:57:41 EST Distressed AssetsLocal Marketshttp://multifamilyexecutive.com/retention/apartment-residents-on-the-move-for-better-deals.aspx?rssLink=Apartment+Residents+on+the+Move+for+Better+DealsRewards programs, customer service improvements remain popular as multifamily operators and property managers strive to keep heads on beds.Thu, 28 Jan 2010 05:04:37 EST RetentionBusinessInternethttp://multifamilyexecutive.com/software/cpc-ibm-team-up-on-construction-loan-software.aspx?rssLink=CPC%2c+IBM+Team+Up+on+Construction+Financing+SoftwareThe Community Preservation Corp. has partnered with IBM on a new construction loan program that should help borrowers get thier money more quickly. The companies are planning to bring the software to market with the hope that the software will make it more feasible for more lenders to offer construction financing to smaller properties.Thu, 28 Jan 2010 01:14:50 EST SoftwareTechnologyhttp://multifamilyexecutive.com/condominium/young-developer-delivers-first-project-despite-the-odds.aspx?rssLink=What+Recession%3f+Young+Developer+Delivers+First+Project+Despite+the+Odds.Fewer units are coming online these days, but one development newcomer in Southern California is determined to defy the odds. The 27-year-old just completed his first mixed-use deal and has begun work on a second. Tue, 26 Jan 2010 01:51:24 EST Condominiumhttp://multifamilyexecutive.com/technology/video-social-media-essentials.aspx?rssLink=Video%3a+Social+Media+EssentialsBuilder Online’s Alison Rice talks with Dina Gundersen of Monte Hewett Homes about how and why small builders can integrate video into their marketing efforts. Mon, 25 Jan 2010 02:05:57 EST TechnologySalesMarketinghttp://multifamilyexecutive.com/green-products/green-products-from-the-2010-international-builders-show.aspx?rssLink=Green+Products+From+the+2010+International+Builders%e2%80%99+Show11 product introductions that contribute to a sustainably built home.Mon, 25 Jan 2010 12:13:35 EST Green Products