HUD’s Three-Year Waiver – One Year Later
It has been just over one year since HUD waived its “three-year requirement” for multifamily projects to be eligible for mortgage insurance under the Section
News
What Do The Suez Canal and HUD Multifamily Mortgage Insurance Have In Common?
At first glance, that is an odd pairing, but stay with us, please. The Suez Canal was prominent in the news last week when a
Hospitals and Healthcare Facilities Eligible for New HUD Financing
In golf it is called a mulligan. At the playground or school yard it is called a do-over. At the US Department of Housing and
Sims Mortgage Funding Closes Small Loan… Big Things Follow for Missouri Affordable Housing Provider
Sims Mortgage Funding is pleased to announce that we closed in late September a $3,237,200 loan for Opportunities Pavilion (OP), an 81 unit affordable, Section 8 elderly property in Kansas City, Missouri.
Yogi Berra, Capital Markets Commentator?
Yogi Berra, baseball Hall-of-Famer and sometime philosopher, is said to have once remarked, “it’s déjà vu all over again”. If Yogi was alive today and made that comment, he could have easily been referring to the current low-interest rate environment, similar to what we experienced during the Great Recession of 2008, that has led to a New Wave of HUD-insured refinancing transactions.
How to Repurpose Aging Senior Living Facilities to Affordable Senior Housing – Part 3
In this final Part 3, we close out the series, and the capital stack, by discussing debt financing structures.
How to Repurpose Aging Senior Living Facilities to Affordable Senior Housing – Part 2
One of the major challenges to the development of affordable housing is that there is typically a large gap between the costs of the project and the amount of financing that can be supported by operational cash-flow.
How To Repurpose Aging Senior Living Facilities To Affordable Senior Housing
Older senior housing communities, in particular skilled nursing facilities, face numerous financial and operational challenges.
Doing HUD Business During a Pandemic – Part II
The economic dislocation in general wrought by the COVID-19 pandemic and its singularly devastating effects on senior citizens in particular has posed multiple challenges for
Doing HUD Business During a Pandemic
The COVID-19 virus is having a profound impact on the nation, temporarily, but dramatically, affecting how we live and work. The virus is roiling the capital markets, and policies imposed to slow its spread have ground the economy to a crawl in many quarters.