Timothy R. Leonhard: The Debt Corner Future Impacts Are Uncertain but Affordable Multifamily Debt Options Are Still Attractive ““ For Now

By Caitlin Jones
September 27, 2011 1 min read

Timothy R. Leonhard: The Debt Corner Future Impacts Are Uncertain but Affordable Multifamily Debt Options Are Still Attractive ““ For Now

By Caitlin Jones
September 27, 2011 0 min read

Tax Credit Advisor, September 2011: While the early August downgrades by Standard & Poor’s of the U.S. and GSEs has created some uncertainties about possible impacts that may yet play out, debt financing for affordable multifamily rental housing is still readily available on attractive rates and terms.

Since mid-May, rapid changes have occurred in the financial markets (which affect the debt market) that require monitoring on a daily basis. Debt financing on affordable housing assets remains very attractive with near all-time low interest rates and favorable credit terms. The 10-year U.S. Treasury has declined approximately 70 basis points since mid-May, yet investor spreads have widened significantly as a result of the recent ratings downgrades, and a large spread has developed between short- and long-term borrowing rates. Read More…

NH&RA Presenting Sponsor

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.