Housing Plus

Housing Plus

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

By the Housing Group at Ballard Spahr

Tag Archives: Freddie Mac

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

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

El Paso RAD transaction converting 1,590 units at 13 sites closes

Posted in Housing Bonds, RAD, Supportive Services, Tax-Exempt Bonds
On April 9, 2015, the Housing Authority of the City of El Paso (HACEP) and its development, private equity and lending partners closed Phase I of the largest Rental Assistance Demonstration (RAD) project in the country. Hunt Development Group has joined HACEP in undertaking the development, preservation and rehabilitation of all of the 1,590 existing… 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

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