Housing is currently prohibitively costly for millions of American households, per the Joint Center for Housing Studies of Harvard University’s State of the Nation’s Housing 2023 report.
Category: News and Trends
Fitch: Commercial mREIT Sector Faces Further Pressures in 2023
Fitch Ratings, New York, said commercial mortgage real estate investment trust ratings will continue to be challenged by post-pandemic occupancy rates, “with growing recessionary risks and further deterioration of commercial real estate fundamentals.”
CMF Quote of the Week: June 29, 2023
“The increase to the threshold–along with a new method to review it on an annual basis–will help to ensure that HUD multifamily financing is a viable option at all times during the lending cycle.”
–MBA President and CEO Bob Broeksmit, CMB
CREF Policy Update: June 29, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial/Multifamily People in the News June 22, 2023
Enterprise Community Partners, Columbia, Md., named Shaun Donovan its new CEO and President, effective Sept. 1.
Fed Keeps Rates Steady But Options Open
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.
Dealmaker: Eastern Mortgage Capital Funds $41M Loan for Florida Apartments
Eastern Mortgage Capital, Burlington, Mass., provided $40.5 million in permanent financing for Vantage St. Pete, a 211- unit mid-rise apartment community in St. Petersburg, Fla.
Apartment Occupancy Solid in May, Continues Steady 2023
Apartment occupancy is holding steady year-to-date so far in 2023, with May’s apartment occupancy rate at 94.7%–and flat from April, RealPage, Richardson, Texas, reported.
FHFA Issues 2022 Report to Congress
The Federal Housing Finance Agency released its 2022 Report to Congress last week.
MBA Education Names Rodrigo Lopez, CMB, to Head the Commercial/Multifamily Future Leaders Program
MBA Education announced Rodrigo Lopez, CMB, Chairman of AmeriSphere Companies and MBA’s 2017 Chairman, will lead its Commercial/Multifamily Future Leaders Program beginning October 17, 2023.