Multifamily Asset Management and Project Servicing Handbook Update Available on the Multifamily Drafting Table

The Office of Asset Management is starting the process to update the Multifamily Asset Management and Project Servicing Handbook. Public feedback is requested to improve the implementation and operational efficiency of multifamily projects for its internal asset management team, property owners, and management. 

FHA and the Federal Financing Bank will implement a floor and a cap, called an interest rate “collar,” on the benchmark Treasury rate used to calculate the all-in rate provided to Housing Finance Agencies.  This update to the Section 542(c) Housing Finance Agency Risk-Sharing Initiative will make it easier to use the program, thereby increasing the number of new, affordable multifamily properties that can be developed using risk-sharing program financing.