HUD Secretary-Designate Dr. Ben Carson appeared before the Senate Banking Committee for his nomination hearing. He released this statement, commenting on the strong connection between housing and health, stressing the importance of deregulation, praising homeownership, and supporting continued efforts to tackle homelessness. His statement says, "we need to shore up our nation's housing finance sector, and HUD plays a crucial role in the housing finance system through FHA and Ginnie Mae..." He also mentions the Community Development Block Grant (CDBG) program and suggests he would look for ways to improve it, saying that, "it's important for all HUD programs to be evaluated so we know what works and what doesn't and where we can cut red tape."
Nearly two-thirds (63 percent) of the survey’s respondents predicted originations will increase this year, with one-quarter (26 percent) expecting an increase of five percent or more. Fifty percent of the respondents expected their firms to enjoy a five percent or higher increase in origination activity.
As the demand for affordable housing continues to outpace supply in markets across the nation, many multifamily investors are eyeing this asset class with renewed interest. The question is: how can investors best capitalize on current trends in order to achieve strong returns? As an owner of 41