The affordable housing debt industry posted another strong year in 2011 as the major banks jockeyed for position while private agency lenders re-engaged the market. More
The affordable housing debt industry posted another strong year in 2011 as the major banks jockeyed for position while private agency lenders re-engaged the market. More
The FHA's notoriously long processing timelines are tough for tax credit developers to handle. But a new program looks to heal the agency's chief Achille's heel. More
Affordable housing borrowers looking for permanent loans are finding more success using Fannie Mae's MBS than Freddie Mac's CME. More
The Community Reinvestment Act hasn't changed much since it passed in 1977. But the evolution of the banking industry has exposed some flaws in the way CRA is administered. More
Access to debt and equity for affordable housing developments improved a little bit more each month this year. And that slow momentum is expected to continue, as interest rates on permanent debt remain low, access to construction debt slowly improves, and the New Issue Bond Program (NIBP) continues to fuel more bond transactions in 2011. More
Many affordable housing players are pinning their hopes on the Tax Credit Assistance Program (TCAP) and Tax Credit Exchange Program (TCEP) to produce a sunnier 2010. But the full impact of those programs remains to be seen. More
As affordable developers get set to ramp up dormant projects, Fannie Mae's and Freddie Mac's high rates on forward commitments are forcing many to look elsewhere for debt. More