FHFA Released New Green Lending Requirements for 2019
On November 6, 2018, the Federal Housing Finance Agency (FHFA) announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for each Enterprise, unchanged from the 2018 caps.
Additionally, the FHFA set new requirements for exclusion from the multifamily cap loans that finance energy- or water-efficiency improvements through Fannie Mae’s Green Rewards and Freddie Mac’s Green Up/Green Up Plus programs.
Click here for the official press release.
Tips to Prepare, Plan for, and Prevent Disasters
Hurricanes, fires, floods, earthquakes, and other natural disasters can lead not only to loss of life but also to devastating property damage. Planning and preparing for these events mitigates risk and makes the recovery process smoother if disaster does strike.
While it is human nature to procrastinate or to focus on immediate, day-to-day needs rather than an event that may never occur, recent hurricanes, earthquakes, and other disasters offer a valuable lesson to commercial property ...
New Tax Law: A Win for Commercial Real Estate
If you’re not already investing in commercial real estate, maybe you should be. The Tax Cuts and Jobs Act of 2017, signed into law last December, represents the most significant and sweeping US tax reform of the last 30 years and is generally viewed as a big win for the commercial real estate (CRE) industry. While it may take years to see the law’s full effects, certain new provisions will have substantive impact ...
Helping you Streamline the HUD CNA e-Tool Process
Download the current version of the CNA e-Tool here: https://www.hud.gov/program_offices/housing/mfh/cna/atu
Validate the CNA e-Tool here: https://webapps.hud.gov/CNAeTool/faces/CnaValidation
CNA e-Tool instruction: https://www.hud.gov/sites/documents/INSTRUCTFORCNATOOL.PDF
The Value of the CNA e-Tool
The Capital Needs Assessment (CNA) e-Tool automates and standardizes the preparation, submission, and review of a capital needs assessment. As of February 1, 2018, use of the CNA e-Tool is mandatory for all Federal Housing Administration (FHA) multifamily mortgage insurance applications, Rental Assistance Demonstrations (RAD) conversions, and 10-year update capital needs assessments ...