KeyBank arranges $43.8 million in financing for The Reserves at San Marcos
KeyBank Real Estate Capital arranged a construction loan and permanent financing for the development of affordable housing at The Reserves at San Marcos.
Jul 6, 2020
Housing Finance News
Analyzing the Impact of Lowering the 50% Test for 4% Tax-Exempt Bond-Financed Properties
This week, NCSHA published a report showing how lowering the “financed-by” threshold — commonly referred to as the 50 percent test — for bond-financed Housing Credit projects would impact available Private Activity Bond cap and could increase multifamily affordable housing production.
Proposed 2020 budget reduces HUD funding by $8.7 Billion
From NAHBNow President Trump is seeking to reduce the 2020 budget for the department of Housing and Urban Development (HUD). The budget cycle begins October 1, 2019 and runs through September 30, 2020. While no White House budget is ever approved "as is" by...
Churchill Stateside Group Announces Streamlined Process for FHA 221(d)4 Loans
From PR Newswire Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, today announced a new HUD streamlined process for FHA Section 221(d)(4) loans associated with new tax credit transactions. These changes will...
FHA Expands Financing for Housing Tax Credit Multifamily Properties
From HousingWire The program for streamlining mortgage applications for housing tax credit multifamily properties just got a lot bigger thanks to the Department of Housing and Urban Development (HUD) who announced that the Federal Housing Administration (FHA) is...
Bank of America Merrill Lynch lends and invests a record $4.7 Billion
From Business Wire TAAHP Member Bank of America Merrill Lynch Community Development Banking was reported to have provide a record amount ($4.7 Billion) in loans, tax credit investments and other development solutions in 2018. This was up from $4.53 billion in 2017....
To build more affordable housing, tech looks to startup funding
From Curbed A new partnership has formed between a New York-based venture capital fund with a focus on real estate and a non-profit. Enterprise Community Partners, a national nonprofit that is focused on affordable housing financing, announced a partnership with...
Federal Reserve Bank rates BBVA Compass “Outstanding” for CRA performance
From PR Newswire - Marked Improvement: The bank's "Outstanding" rating marks its second improved rating since 2014. - Rating reflects strong commitment: BBVA Compass has executed a plan dedicated to responsible banking through lending, investments, social impact...
Bellwether Enterprise Closes Over $532 Million in Loans in Q4
From Affordable Housing Finance Bellwether Enterprise Real Estate Capital reported closing more than $532 million in loans for affordable housing properties in the recently completed fourth quarter. The 46 loans will help secure over 5,884 units of affordable...
Greystone Ranks No. 5 in Fannie Mae Affordable Housing Loans
$3.9 Billion in Fannie Mae Loan Production for 2018 Ranks Greystone 6th Overall NEW YORK, Jan. 28, 2019 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has ranked #1 in small loan production...
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