(RECAP: Affordable housing developers often run a daunting gauntlet when it comes to cobbling together different financing sources to go projects forward. But the job of accessing capital has gotten a lot simpler lately as lenders and agencies alike step up their focus on the sector. Freddie Mac reported a 67 percent spike in its multifamily loan buy volume last year. Fannie Mae also has reported growth in its affordable housing business. Although its market rate lending remained flat due to its $30 billion cap, Fannie reported a total lending volume last year of $42.3 billion. There are a number of factors fueling the increase from agency lenders. Robust lending on the market rate apartment side may be partly responsible. Borrowers are also finding more access to capital via banks that are lending as part of their Community Reinvestment Act requirements.)
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