CREF Policy Update Oct. 7, 2021

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

SEC Issues Sample Letter to Firms on Climate Change Disclosures

Last week, the Securities and Exchange Commission gave companies a preview of how it will look at their climate-related disclosures. Specifically, the SEC’s Division of Corporate Finance released a sample letter detailing the sorts of hard questions and requests the SEC will consider when they conduct a review of a company’s disclosures related to climate change.

MBA: 2Q Commercial/Multifamily Mortgage Debt Outstanding Up 1.5%

Commercial/multifamily mortgage debt outstanding increased by $60.7 billion (1.5 percent) in the second quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report.

FHFA Extends COVID-19 Multifamily Forbearance

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to tenant protections the agency imposed during the pandemic.

Affordable Housing Vacancy Rates Remain Tight

The national vacancy rate for Low-Income Housing Tax Credit-supported affordable housing dipped 0.1 percent in the second quarter to 2.5 percent, said Moody’s Analytics REIS, New York.