“The COVID-19 pandemic has highlighted the importance of ‘home’–it became our workplace, our school and our shelter from the storm. So, the hard work of closing an affordable deal feels doubly sweet when you know that your efforts are providing high-quality affordable housing for those who need it most, when it is needed the most.”–Terry Wellman, FHA Chief Underwriter for Affordable at Berkadia, discussing affordable housing and MBA’s new FHA Affordable/221(d)(4) Underwriter Training Program.
Category: News and Trends
CREF Policy Update May 6, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CMBS Supply-Demand Fundamentals Dip
Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market dipped in fourth-quarter 2020.
Zillow: Apartment Rents Gain Momentum
Apartment rents are gaining momentum and touching double-digit annual gains in hot markets, which could move some renters into the homeownership market, Zillow said in its Monthly Market Report.
#MBASpring21: Talking Politics and Policy With Gary Cohn
The economy is well-positioned for growth as it leaves the Pandemic Recession, said former National Economic Council Director and Vice Chairman of IBM Gary Cohn during the recent MBA Spring Conference & Expo 21.
#MBASpring21: The Future of the Workplace With David Pogue
The office has evolved over past decades, but the pandemic greatly increased how–and how fast–offices are changing, New York Times columnist and CBS Sunday Morning Contributor David Pogue said during the Mortgage Bankers Association’s Spring Conference & Expo 21.
MBA NewsLink Tech All-Star: Benjamin Schweitzer and Freddie Mac Multifamily’s Innovation Lab
Little more than a year ago, virtual and remote business solutions went from a convenience to critical as the world grappled with the COVID-19 pandemic.
Dealmaker: NorthMarq Arranges $166M in JV Equity, Construction Financing in California
NorthMarq, Minneapolis, arranged $166 million in joint venture equity and construction financing for a waterfront apartment development in Alameda, Calif.
Commercial-Multifamily Briefs from Freddie Mac, Eastern Union
Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms.
Quote
“Over the past year, pandemic-related restrictions have led to deteriorating fundamentals in particularly the hotel, retail and office sectors.” –Moody’s Managing Director Keith Banhazl.