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Diane Publishing Books
Assessment of the Availability & Cost of Financing for Small Multifamily Properties
Christopher E. Herbert (a.); Lawrence L. Thompson (foreword). In its regís. HUD highlighted the market for mortgages on small multifamily properties (MP) as an area of substantial unmet need, where Fannie Mae & Freddie Mac, the two large Govít.-sponsored enterprises that provide a secondary market for home mortg., could play a constructive role. To encourage them to increase their mortg. purchase activity in this area, HUD instituted a system of bonus points for mortg. on small MP under each of the goals. Analyzes the cost & availability of financing for small MP & barriers to financing. Includes both analysis of data on mortg. financing for MP of different sizes & findings from interviews with lenders, developers, & others involved in the market. Tables.
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