Beech Street Insights

FHA Reshuffling Promises Greater Efficiency, Transparency, and Certainty

You can’t make an omelet without breaking eggs.   Just two weeks ago, HUD announced a substantial consolidation of its multifamily housing program, concentrating underwriting currently conducted in 50 offices in just 10 by 2016.  The goal according to Mark Van Kirk, the...

Historic Rates Won't Last Forever - Act Now

The latest reports indicate that the U.S. economy is beginning to pick up steam—and for owners of manufactured housing communities (MHCs) that means just one thing: Interest rates, now at historic lows, are going to start their inevitable climb. For owners who have put off refinancing...

Optimize Financing Options In Light of the FHFA Announcement

Background and Context

In a speech outlining new performance goals for the GSEs earlier this month, Edward DeMarco, acting director of the Federal Housing Finance Agency, set a target of a 10 percent reduction in multifamily business volume from 2012 levels while still...

A New Year’s Resolution – Get Ready for Change in 2013

Although we managed to avoid going over the fiscal cliff with Congress passing a substantial tax bill, the job of righting the nation's fiscal ship is not yet complete. With spending cuts and deficit reduction left unresolved, it’s clear that the close call over the holidays...