Audio of Last Weeks FHA Multifamily House Hearing.

Prior post with links to written testimony is HERE; you can download new large (84 MB) MP3 audio HERE from this two hour hearing.

Originally created and posted on the Oregon Housing Blog. 

MF GSE Loans in Oregon , CY 2008: 112 Projects, $744 Million.

As another "first ever", I have been able to construct a table showing multifamily loans acquired by Fannie Mae or Freddie Mac in Oregon during CY 2008.  

Using some Excel formula magic, I was also able to add a place field, so the table I constructed HERE shows by county and city those Oregon GSE MF loans acquired during CY 2008. 

Unfortunately, to protect individual loan identity, the GSE MF database available does NOT have units by project, so totals are only available for the number of projects, and unpaid principle balance at acquisition. 

Originally created and posted on the Oregon Housing Blog.

Oregon Asks for $300 Million in Authority for New HFA Bond Program.

Thanks to Oregon Housing and Community Development staff for sending me a copy of the participation request form sent last week to the Treasury. Submission of this form was a prerequisite for OHCS to participate in new fast moving HFA bond program initiatives recently announced by the Obama Administration. (See prior post HERE).

The OCHS submitted form HERE asks for $300 Million in authority for the New Issue Bond Program. The request includes $250 million for SF bonds and $50 Million for MF bonds. The form indicates that the SF program will use FHA and RD programs and the MF program will use the FHA risk sharing program. (OHCS did not ask to participate in the second program, the Temporary Credit and Liquidity Program).

At $200,000 per loan (may be a bit high) the $250 million SF request would support 1,250 SF loans. (If amount per loan is less, number of loans increases, duh).

Some other information culled from the participation request form

CY OHCS Bond History, 5 Years 2004-2008: $2.5 Billion

CY	Total	SF	MF
CY 2004-2008	$ 2,518,702,471	$2,231	$ 288
Total CY 2008	$ 351,468,754	$ 334	$ 17
Total CY 2007	$ 390,108,296	$ 291	$ 99
Total CY 2006	$ 641,500,000	$ 620	$ 22
Total CY 2005	$ 242,973,921	$ 168	$ 75
Total CY 2004	$ 892,651,500	$ 818	$ 75

PAB Allocation Available --$821 MILLION:

TOTAL PAB Allocation Currently Available	$ 821,904,625
2006 PAB Carry Forward (expires 12/31/09)	$ 119,659,210
2007 PAB Carry Forward (expires 12/31/10)	$ 190,070,398
2008 PAB Carry Forward (expires 12/31/11)	$ 269,833,675
2008 PAB Carry Forward (expires 12/31/10)	$ 117,341,342
2009 PAB -Current Year (reverts 12/31/09)	$ 125,000,000

(With $300M request, this would apparently still leave $521 Million in unused bond authority allocated to OHCS).

I am sure there are lots of additional steps to be taken before any program becomes available in Oregon or elsewhere. As further information develops I expect OHCS will share it.

Originally created and posted on the Oregon Housing Blog.

MF Housing Green Retrofit HUD Notice and Other NOFA Related Documents Now Out.

Housing Notice 09-02 is HERE.
Summary is HERE.
Application is HERE (ZIP file)
Program and Legal Documents are HERE; this has 27 PDF documents in it!
Main program page for HUD is HERE.

GAO Report on HUD Green Building Efforts.

Includes energy related information. Says HUD spends $5 Billion on energy in affordable housing programs.

Report is available HERE.