What’s trending in Affordable Housing



November 18, 2018

NP Affordable Housing Blog

Author(s): Richard Michael Price

New HUD guidelines, including large borrower approval and deferred developer fee procedures. HUD Multifamily allows limited guest suites. Here’s what’s trending in affordable housing and community development.

HUD

New large borrower approval procedures

HUD concentration of risk protocols carefully balances realities of larger borrowers by allowing them with greater underwriting review.—Richard Michael Price

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New deferred developer fee procedure

A new HUD waiver modernizes deferred developer fee practices.—Richard Michael Price

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Can I have a guest suite?

HUD Multifamily allows limited guest suites.—Richard Michael Price

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Upcoming Events

Strategies to Maximize Opportunity Zone Investments

Location: The Library at The Public Theater | New York, NY

Date: November 28, 2018

Speakers: Aaron Yowell

Topics include: Our panel explores a strategy for Opportunity Zone investment based on Treasury Department guidance as outlined on October 19, 2018.

Bisnow Multifamily Annual Conference East

Location: The Ritz-Carlton Tysons Corner | McLean, VA

Date: November 28, 2018

Speaker: Dara Newman Histed

Topics include: Our panel explores many aspects of affordable housing investment.

Novogradac 2018 Tax Credit Housing Finance Conference

Location: The Cosmopolitan of Las Vegas | Las Vegas, NV

Date: November 29, 2018

Speaker: Forrest David Milder

Topics include: Our panel explains the incentive and shares how the creation of the opportunity zones incentive can be used with housing. It will also update you on what is happening in the market and discuss how IRS guidance shapes how the incentive is used and what those in affordable housing need to know going forward.

The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

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