Borrowers seeking financing for multifamily properties, or properties with five or more units, might be eligible for a loan through HUD. HUD supports all types of multifamily financing, from acquisition, to refinance, to sub rehab and new construction. (more…)
By Mark Olshaker
“I really like RAD projects,” declares Holly Bray, senior director of originations for Love Funding in Washington, DC. “You’re in the weeds, helping authorities take their housing stocks and making them great. There are a lot of things to figure out and a lot of coordination. But the end result is truly rewarding.” (more…)
The Fed recently raised rates for the first time in 2018, after leaving rates unchanged in January. Committee members noted significant strength in the labor market and a slight uptick in inflation. They did, however, note that the inflation level was still quite low overall. (more…)
The recent passage of the 2018 omnibus spending bill included some positive changes for the affordable housing community. In addition to funding the Federal Government for the remainder of the 2018 fiscal year, the bill increased Low Income Housing Tax Credit (LIHTC) allocations, HUD funding and RAD unit caps. (more…)
There are a lot of finance options out there, but we stand by the many benefits of HUD-insured loan programs. In fact, we focus exclusively on FHA finance and have the knowledge and expertise to show for it.
This Valentine’s Day, Love Funding shares the top 5 reasons we LOVE HUD: (more…)
Financing for affordable housing communities can get tricky. It oftentimes requires a combination of debt and equity sources and a complex analysis of available financing tools. Love Funding has done it all. Our team has extensive experience underwriting HUD-insured loans involving tax-exempt bonds, low-income housing tax credits (LIHTCs), historic tax credits, new market tax credits, Section 8 rental contracts and various government programs for subordinated loans or grants. Here our experts answer some of the most common affordable housing finance questions:
Attention Healthcare Operators!
Q4 2017 financials due to Love Funding no later than March 30, 2018
On a quarterly basis, certified financial statements must be prepared by the CFO of the facility and submitted electronically to Love Funding at: firstname.lastname@example.org
Certified statements can be produced to report monthly, quarterly or annual results and must be cumulative for the period covered. Note: Actual Number of Resident Days must be included.
Questions? Contact Tina Pelton, Asset Manager at email@example.com or (202) 591-3682
November 21, 2017 | Published by Becker’s Hospital Review
The Tax Cuts and Jobs Act passed by the House of Representatives on November 16 held an unwelcome surprise for non-for-profit hospitals: the elimination of tax-exempt financing for 501(c)(3) organizations, among other things.
However, the Senate markup, dated November 14, was a bit more tolerable. Below is a summary of tax reform provisions being discussed on the Hill, which could increase borrowing costs for not-for-profit hospitals, and how the FHA 242 hospital program could benefit more hospitals as a result: (more…)
A Demo for partnership: HUD’s RAD program taps private dollars to preserve affordable public housing
By Mark Dellonte, Opinion Contributor — Published 10/27/17 10:15 AM EDT on The Hill
In many public housing communities around the country, conditions are quickly becoming unlivable. Collectively, public housing authorities (PHAs) face a backlog of $26 billion in deferred maintenance and it’s growing by the day because the properties continue to age and the PHAs have fewer resources than ever before to maintain them. The problem is made all the more pressing by the fact that roughly nine out of every 10 households that live in public housing include minor, elderly or disabled family members. (more…)