THE MISSIONARY ELEMENT OF HUD FINANCING
In the 1980 classic movie, The Blues Brothers claimed they were on a mission from God. While it may not be as divinely-inspired as Jake’s and Elwood’s cause, HUD has
News
HUD Mortgage Insurance Volume in 2023
One word can summarize HUD’s 2023 mortgage insurance volume – meh! Here is a look at Fiscal Year (FY) 23, which ended on September 30.
CONGRESS PROPOSES WORKFORCE HOUSING TAX CREDIT PROGRAM
The space between affordable and market rate housing development can be a lonely one. Affordable projects can participate in tax-credit, supplemental grants, and Section 8 housing assistance programs; market rate
CHEERS! HUD’S NEW CNA FORMULA CHANGES CUT CLUTTER AND COMPLEXITY
HUD multifamily lenders, like most of our conventional lending colleagues, underwrite deals based on metrics like loan-to-cost (LTC), loan-to-value (LTV) and debt service coverage (DSC).
REFINANCING? WE DON’T NEED NO STINKING REFINANCING! OR DO YOU?
We borrowed – and slightly amended - that classic line from Blazing Saddles, and before that, The Treasure of the Sierra Madre, to make this point.
HELP US HELP YOU! TOP 10 THINGS WE NEED TO KNOW FOR EFFECTIVE DEAL SCREENING
HUD-insured multifamily construction loans offer terrific terms: 40 year amortization, high loan-to-cost ratios, low debt service coverage ratios and non-recourse provisions.
WANNA GO GREEN? HUD WILL SHOW YOU THE MONEY!
Last month HUD announced a new program – funded through the Inflation Reduction Act – that will assist affordable housing properties become more energy efficient, implement new cutting-edge environmental technologies
CROSSING THE BRIDGE TO HUD
The Section 232/223(f) program is HUD’s primary refinancing program for existing skilled nursing homes, assisted living facilities and memory care centers. It provides long-term, fixed-rate financing with a maximum 35-year
DAVID WHO?
We’re pleased to bring back our “Top 10” segment, but in the interest of reaching a younger demographic, we’ve eliminated the reference to the former late-night talk show host in
A Potpourri of HUD Program Ponderings