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…

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Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.