Affordable housing

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

The record amount is largely a reflection of the two banner years the mortgage market recently enjoyed, but it’s also one of the smallest gains seen in recent years.

If approved, the new loan would unlock $120 million in badly needed funds for the sprawling Bronx multifamily complex.

Former principal economist at the Federal Housing Finance Agency Paul Manchester breaks down how the targets have been calculated and discusses the implications for the set determined for 2022 to 2024.

This issuance follows a similarly-sized transaction the bank made in October 2020 and includes several of the same participants.

It was the biggest annual gain since 2013, Attom Data Solutions found.

Housing market participants are evenly split on whether rising prices will keep buyers out of the market or draw more sellers in, Zillow said.

The Duty-to-Serve goals currently under review drew some objections from a coalition of affordable housing groups last year.

For the past five months, single-family house prices were up by at least 18% compared to monthly averages in 2020, but by next November, increases should sink below 3%, CoreLogic said.

The current patchwork approach to financing the retrofitting of low-income apartment buildings is one of the key issues that should be addressed, the company’s report found.