Weekly News Roundup

Stay up-to-date on the latest news stories and trends that popped up during the past week.

The Outlook is Positive for Affordable Housing

In 1986, the U.S. federal government created the Low-Income Housing Tax Credit (LIHTC) program as an indirect subsidy to encourage private investment in affordable housing. Since then, LIHTC properties have provided numerous opportunities for investors as they can often outperform traditional multifamily assets when it comes to investment returns. They maintain consistently high levels of occupancy and a foreclosure rate of less than 1.0 percent. Furthermore, participation often allows banks to meet Community Reinvestment Act (CRA) requirements.

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Fed Holds Rates and Says it's Waiting For 'Some Further Evidence' Before Hiking Again

The Federal Reserve on Wednesday left its benchmark fed funds rate unchanged, as expected, and said the case for a hike continued to strengthen.

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Q3 Commercial, Multifamily Mortgage Originations Up 2 Percent Annually in U.S.

According to the Mortgage Bankers Association's latest Quarterly Survey of Commercial and Multifamily Mortgage Bankers Originations, commercial and multifamily mortgage loan originations for the first nine months of 2016 increased 2 percent compared to the same period last year. Third quarter 2016 commercial and multifamily mortgage loan originations were 5 percent higher than the third quarter of 2015 and seven percent higher than the second quarter of 2016.

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Apt. Investment Conditions Looking Up

Multifamily investing fundamentals continue strengthening, yet the rate of growth has begun to moderate. That’s the top-line story from Freddie Mac’s latest study of using its Apartment Investment Market Index, issued Wednesday.

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