NMHC, NAA Urge ‘Consistent Access’ To Debt

November 17, 2017

NMHC, NAA Urge ‘Consistent Access’ To Debt

November 3, 2017 | Paul Bubny | GlobeSt.com

Architectural details of modern apartment building.

WASHINGTON, DC—In weighing housing finance reform, it’s important not to recognize the differences between single-family and multifamily and to not paint in broad-brush strokes, industry associations testified before Congress on Thursday. Speaking before the House Financial Services Subcommittee on Housing and Insurance, chairman Robert DeWitt of the National Multifamily Housing Council told lawmakers that reform needs to provide “consistent access to debt capital across geographies, markets and product types if we are to meet the current and future demand for rental housing in America.”

Representing both the NMHC and the National Apartment Association, DeWitt cited six key principles that Congress needs to consider. Among these are the following:

  • A reformed housing finance system must maintain “an explicit, paid-for federal guarantee” for multifamily-backed mortgage securities available in all markets at all times;

Read Full Article Here

Print Friendly, PDF & Email
Go Back
Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.