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APARTMENT FINANCE TODAY
Jerry Ascierto
Jerry Ascierto,
Senior Editor
jascierto@hanleywood.com

The multifamily divisions of Fannie Mae and Freddie Mac only make up about 5 percent of their overall businesses. So as Congress begins to reshape the housing finance market, some in our industry fear that multifamily will get lost amid all the debate. Yet multifamily has become an important part of the discussion for several reasons: The divisions are profitable, the delinquency rates are miniscule, and nearly 30 percent of the GSEs' affordable housing goals are achieved through multifamily. That’s why Freddie Mac is planning to grow its multifamily division, investing in new technology and closing the market share gap with Fannie Mae, according to Freddie’s CEO Ed Haldeman. At a Congressional hearing March 23, several industry groups put forth their proposals for the next generation of housing finance organizations. What’s the most likely outcome? Can bi-partisanship really be achieved? One thing is for sure: Everyone has an opinion. And we want to hear yours. E-mail me. We’ll address your concerns in the next issue of Apartment Finance Today.



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April 12 – 14, 2010, Harbor Beach Marriott, Ft. Lauderdale, FL

AFT Conference

At the 2010 Apartment Finance Today Conference, we'll explore strategies for maximizing NOI, minimizing costs, and finding the best practices for deploying your precious resources. Navigating the new economy can be difficult at best—but the 2010 Apartment Finance Today Conference will help to shed light on the most effective path forward, helping you to cut through the fog of recession and find the next best execution. Register Today!



WEB EXCLUSIVES
Freddie Mac Plans More Emphasis on Multifamily
Last year, more than one out of every three multifamily mortgages was a Freddie Mac origination. So, when Congress debates the fate of the government-sponsored enterprises next year, the future of the apartment market will very much hang in the balance.
FULL ARTICLE

Third-Party Managers Struggle to Deal with Ailing Owners
Desperate times call for desperate measures and property managers have to be on the defensive, pointing out to owners why cost-cutting initiatives may not always be the best move.
FULL ARTICLE

Insurance Companies, GSEs Go Neck-and-Neck
Fannie and Freddie are no longer the only games in town. Life insurance companies have stepped back into the multifamily arena, closing the pricing gap with the government-sponsored enterprises.
FULL ARTICLE

Freddie Mac Debuts Mezzanine Initiative
Freddie Mac has rolled out a mezzanine arrangement aimed at plugging the gap in the capital stack of overleveraged multifamily borrowers.
FULL ARTICLE

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Affordable Housing Finance Readers' Choice Awards

AHF Readers Choice

Affordable Housing Finance's sixth annual Readers' Choice Awards nomination process is now open. Eligible submissions include LIHTC projects as well as other affordable housing developments completed in 2009 or that will be completed in 2010. Download the nomination form.



Multifamily Firms Lean on Special Ops Units to Strengthen Fundamentals
Owner/operators use specialist teams for leasing, due diligence, and asset stabilization to yield results.
FULL ARTICLE

REITs Could Break Ground on $1 Billion This Year
Public REITs are poised to break ground on as much as $1 billion in new development this year in another sign of industry confidence that fundamentals are improving.
FULL ARTICLE

End of an Era? Sec. 202’s Fate is Uncertain
Next year may be the first time that no new units are constructed under the long-running program.
FULL ARTICLE

Combining Multifamily Technologies Leads to Revenue Lift
Nine-month study by Archstone finds 150 basis point revenue increase when merging technologies.
FULL ARTICLE

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AFT's March/April Digital Edition

Now available: Apartment Finance Today's newest flipbook edition! See the March/April 2010 issue as it appeared in print; search the entire issue by keyword; link specific pages to Facebook, Digg, and Delicious; and connect with advertisers. You can even save the issue hard drive for when you're not online. It's a 21st century take on an old-school experience.

Check Out HousingCrisis.com

Hanley Wood's HousingCrisis.com is a unique source about the real estate and construction economies with news, data, and conversation about your smartest options. We’ll highlight exclusive articles, related stories, and linked resources from across our publishing network -- in real-time -- so that you’ll have information you need, a step ahead of the moment you need it.
Go to HousingCrisis.com

APARTMENT FINANCE TODAY

Events/Announcements

AFT Conference: Register Now!

When it comes to finding debt and equity in this economy, we are facing a new world order. That’s why, at the 2010 Apartment Finance Today Conference, held April 12-14, 2010, at the Harbor Beach Marriott in Ft. Lauderdale, you’ll discover strategies for maximizing NOI, minimizing costs, searching for opportunities, and deploying your precious resources. Register today.

Check our online calendar for upcoming events.

HOUSING FINANCE BLOG

Read about deals, subsidies, gossip, taxes, and sneaky fine print in the world of rental real estate, from the editors and writers of APARTMENT FINANCE TODAY here.

Contact

To reach APARTMENT FINANCE TODAY Editor Shabnam Mogharabi, e-mail smogharabi@hanleywood.com

To reach APARTMENT FINANCE TODAY online Web Producer Spencer Markey,
e-mail smarkey@hanleywood.com

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