Housing Plus

Housing Plus

Guidance and legal insight for all aspects of housing and community development

By the Housing Group at Ballard Spahr

Category Archives: FHA and GSE Financing

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Federal Housing Finance Agency Proposes GSE Goals

Posted in FHA and GSE Financing, GSE Financing, Policy
The Federal Housing Finance Agency (“FHFA”) has proposed new single-family and multifamily housing goals for Fannie Mae and Freddie Mac (collectively, the “GSEs”) for 2018-2020. For single-family housing, the proposed goals would require that the percentage of overall qualified single-family mortgage purchases for the GSEs be as follows: the Low-Income Home Purchase Goal would be… Continue Reading

Ballard Spahr and CSG Advisors Host Another Informative Western Housing Conference

Posted in Budget, FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, GSE Financing, Legislative Initiatives, Policy, Public Housing, RAD, Tax Credits
Last week, Ballard Spahr in conjunction with CSG Advisors hosted its 7th Annual Western Housing Conference in Phoenix, Arizona. The Conference brought together a wide range of public and private housing professionals facilitating a dynamic conversation on current developments in government-assisted housing. The Conference opened with a “Washington Update” – a discussion on housing policy… Continue Reading

Join us for our Eleventh Annual National Housing Conference in Washington, D.C.

Posted in Budget, Fair Housing, FHA and GSE Financing, Government-Assisted Housing, Housing Bonds, Legislative Initiatives, Policy, Public Housing, RAD, Section 8, Tax Credits
Ballard Spahr is committed to facilitating and leading the conversation within the affordable housing community, which makes us thrilled to announce our Eleventh Annual National Housing Conference in Washington, D.C., from November 3 to 4. This two-day, complimentary event features engaging discussions, panel presentations, special insights, and networking opportunities with the key influences and power… Continue Reading

HUD proposes Processing Guide for 2530/Previous Participation reviews; comments due June 16th

Posted in FHA-Insured Financing, Government-Assisted Housing, Policy, Uncategorized
On May 17, 2016, HUD published a notice in the Federal Register to announce the issuance of the “Processing Guide for Previous Participation Reviews of Prospective Multifamily Housing and Healthcare Programs’ Participants” (the “Processing Guide”). A copy of the Processing Guide can be accessed here. HUD proposes that the Processing Guide be used to supplement the proposed rule published in August that announced… Continue Reading

Christopher D. Bell bolsters Ballard Spahr’s national housing practice

Posted in FHA and GSE Financing, Government-Assisted Housing, Housing Bonds
We at Housing Plus are thrilled to announce that Christopher D. Bell has joined the firm’s Real Estate Department and the Housing Group. His housing finance practice, experience with GSEs, and overall industry leadership strengthens a thriving group of attorneys who represent many of the country’s leading housing lenders, borrowers, and investors nationwide. Before joining… Continue Reading

Requirements schedule for closing RAD transactions in CY 2015

Posted in FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, Public Housing, RAD
For efficient closing of RAD transactions by December 31, 2015, public housing authorities and developers should remain mindful of the Office of Recapitalization’s recently released processing deadlines. Planning ahead and incorporating the following issuance dates into operating schedules will help ensure your projects advance in a timely manner: Upload all required Financing Plan documents no… Continue Reading

Looking forward to the annual conference of the ABA Forum on Affordable Housing and Community Development Law

Posted in Community Development, FHA and GSE Financing, Government-Assisted Housing, Policy, Public Housing, RAD, Tax Credits
From May 20-22, a handful of our bloggers will speak at the ABA Forum on Affordable Housing and Community Development Law in Washington, D.C. – an annual meeting that brings together pertinent developments, resources, strategies, and insights within the affordable housing and community development law community. Molly R. Bryson, one of the Conference Planning Chairs, will… Continue Reading

Congress hears testimony on public-private partnerships in affordable housing

Posted in FHA and GSE Financing, Government-Assisted Housing, Legislative Initiatives, Low Income Housing Tax Credits, Policy, Public Housing, RAD, Section 8
Would private developers build affordable housing if there were no government subsidies? Rep. Mike Capuano (D-MA) and his colleagues explored that question and other topics during a House Financial Service Subcommittee hearing held last Thursday on private sector participation in affordable housing programs. The hearing covered a wide range of housing programs that help leverage… Continue Reading

Affordable, small, and manufactured housing loans prioritized as GSEs approach volume caps

Posted in FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, GSE Financing
The government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, have announced that they are quickly approaching their 2015 volume caps. In January of this year, the Federal Housing Finance Agency (FHFA), who regulates these agencies, released its 2015 scorecard which detailed 2014 activities and outlined 2015 priorities for the agencies.  The scorecard retained the volume… Continue Reading

HUD announces proposed rule implementing expanded Violence Against Women Act protections

Posted in FHA-Insured Financing, Government-Assisted Housing, Low Income Housing Tax Credits, Public Housing, Section 8
Last week, HUD has announced a proposed rule to implement protections arising under the Violence Against Women Reauthorization Act of 2103 (VAWA).  The reauthorization added a number of programs covered by VAWA, including: HOME Investment Partnerships program for rental housing; Section 202 supportive housing for the elderly; Section 236 Rental Program; Section 811 supportive housing for people… Continue Reading

Another step forward for the Housing Production Trust Fund

Posted in FHA and GSE Financing, Government-Assisted Housing, Legislative Initiatives
Yesterday, ‎the Federal Housing Finance Agency (FHFA), the regulator for Fannie Mae and Freddie Mac (the GSEs), issued a final rule on the allocation of resources to the National Housing Production Trust Fund and the Capital Magnet Fund (the Funds).  The rule, which was published as an interim rule in December, focused on the statutory… Continue Reading

The RAD cap is increased — now what?

Posted in FHA-Insured Financing, Government-Assisted Housing, RAD, Section 8
Before a robust crowd at the recent Best of the West in Affordable Housing Development and Finance conference sponsored by Ballard Spahr and CSG Advisors in San Francisco, the value and evolution of the U.S. Department of Housing and Urban Development (HUD) Rental Assistance Demonstration (RAD) program was a common point of discussion among panelists.… Continue Reading

Please join us for the fifth annual Western Housing Conference

Posted in Budget, Community Development, Enforcement, Fair Housing, FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, GSE Financing, Housing Bonds, Legislative Initiatives, Multifamily, Policy, Public Housing, RAD, Section 8, Single-Family, Tax Credits, Tax Reform, Tax-Exempt Bonds
Several exciting developments have recently brought changes to the affordable housing industry and we are inviting you to explore them with us at our fifth annual Western Housing Conference. Ballard Spahr and CSG Advisors are pleased to announce this year’s Best of the West in Affordable Housing Development and Financing conference on March 13, in… Continue Reading

HUD RAD team conducts focus group sessions with stakeholders

Posted in FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, GSE Financing, Public Housing, RAD, Section 8
Today, HUD hosted a focus group of nearly a dozen key stakeholders to gain insights about the RAD process.  I had the opportunity to participate in the sessions along with housing authority representatives, lenders, investors, private developers, financial advisors and other consultants.  Discussion questions explored issues extending from the RAD application process through to post-closing… Continue Reading

One small step for FHFA, one giant step for affordable housing and community reinvestment across the country

Posted in FHA and GSE Financing, GSE Financing, Legislative Initiatives, Policy
In what may be one of the longest tests of perseverance and intestinal fortitude in the history of legislative advocacy for affordable housing, supporters of the National Housing Trust Fund (NHTF) finally saw their proposal come to fruition late last week. On December 11, the Federal Housing Finance Agency (FHFA) formally directed Fannie Mae and… Continue Reading

Amy McClain authors an essential RAD resource: The Beginner’s Guide to Public Housing Conversion under RAD

Posted in Budget, Community Development, FHA and GSE Financing, Government-Assisted Housing, Legislative Initiatives, Policy, Public Housing, RAD, Section 8
Housing Plus is thrilled to announce that our very own Amy M. McClain has authored The Beginner’s Guide to Public Housing Conversion under RAD, published by the American Bar Association. The book focuses on the Rental Assistance Demonstration program’s utility as a financing tool for stimulating revitalizations to public housing properties. As an informative guide,… Continue Reading

Join us for our Ninth Annual National Housing Conference in Washington, D.C.

Posted in Community Development, FHA and GSE Financing, Government-Assisted Housing, Legislative Initiatives, Policy, Public Housing, RAD, Senior Housing, Supportive Services, Tax Credits
We are dedicated to creating dialogue among the various voices of the affordable housing community, which makes us excited to announce our Ninth Annual National Housing Conference in Washington, D.C., from November 12 to 13. The two-day, complimentary event features lively discussions, panels, insights, and networking opportunities with the movers and shakers of the affordable… Continue Reading

FHFA proposed rule on Enterprise housing goals is open for comments

Posted in FHA and GSE Financing, Policy
Issued earlier this month, a proposed rule from the Federal Housing Finance Agency considers updates to the Agency’s Enterprise housing goals. The rule applies to mortgages purchased by Fannie Mae and Freddie Mac for housing affordable to low-income and very low-income families. The Enterprises’ current goals were established in November 2012. The proposed rule outlines the following… Continue Reading

Freddie Mac closes first direct purchase of a tax-exempt loan

Posted in FHA and GSE Financing, Housing Bonds, Low Income Housing Tax Credits
Freddie Mac recently closed its first direct purchase of a tax-exempt loan.  The loan financed the acquisition and rehabilitation of a 417-unit senior housing community in Dayton, Ohio known as The Lakewoods.  The deal represents a notable milestone for the GSE, and a new, more cost-effective financing solution for participants in the affordable housing sector.… Continue Reading

Overview of Fannie Mae Legal Issues Forum – Summer 2014

Posted in FHA and GSE Financing
On August 6,2014, Fannie Mae held its first Legal Issues Forum Update via conference call where a few of the topics discussed at the Spring Legal Issues Forum  were revisited.  The conference call was hosted by John Tolbert, Associate General Counsel at Fannie Mae and moderated by Fannie Mae alum Marsha Baumgarner, Senior Vice President… Continue Reading

HUD continues reorganization of key leadership

Posted in FHA and GSE Financing, FHA-Insured Financing, RAD
As part of its efforts towards continued reorganization, the U.S. Department of Housing and Urban Development (HUD) has recently announced changes to the Office of Multifamily Housing leadership staff.   Mark Van Kirk, the Director of Asset Management, and Margaret Salazar, Director of the Office of Affordable Housing Preservation (OAHP) will each be stepping down from… Continue Reading

Support Housing Plus with your vote

Posted in FHA and GSE Financing, Government-Assisted Housing, Housing Bonds, Tax Credits
Each year, the ABA Journal conducts an open survey for its Blawg 100, an annual listing of the 100 best legal blogs. Housing Plus would be honored to rank in this list of top blogs. Since its launch, Housing Plus has been grateful for the strong levels of participation and interest maintained by its readers. Community engagement… Continue Reading

HUD announces RAD changes at the RAD Network Training

Posted in FHA-Insured Financing, Government-Assisted Housing, Low Income Housing Tax Credits, RAD
HUD hosted the RAD Network Training on June 4th and 5th with a crowd in attendance that exceeded HUD’s expectations.  The two day series of panel presentations spanned a range of topics with insights shared by HUD staff and housing authority representatives.  It was evident that HUD is focused on making RAD work more efficiently… Continue Reading

HUD adopts updated standard for Phase I Environmental Site Assessments

Posted in FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing
HUD’s Office of Housing and the Federal Housing Administration’s adoption of a new technical standard for conducting Phase I Environmental Site Assessments (“Phase I ESA”) took effect on May 16, 2014.  Participants in Office of Housing/FHA programs, funding recipients, FHA-insured mortgagees, and contractors must now use ASTM International’s technical standard ASTM E 1527-13 (“the 2013… Continue Reading