December 2024
Arbor Realty Trust
Financing Multifamily and Single-Family Rental Portfolio Properties Nationwide
LIHTC Program: An Impactful Affordable Housing Financing Resource
November 22, 2024
As renters face a national shortage of 7 million low-income rental homes, the U.S. Department of Housing and Urban Development’s (HUD) Low-Income Housing Tax Credit (LIHTC) program is pivotal in helping to close the affordability gap for renters. It is the nation’s most significant resource for affordable apartment housing construction, which gives state and local agencies approximately $10 billion in annual budget authority to issue tax credits for affordable housing development. Read more.
FHFA Loan Caps for 2025: What Multifamily Borrowers Need to Know
November 19, 2024
The Federal Housing Finance Agency (FHFA) announced a $3 billion boost to Fannie Mae and Freddie Mac’s?volume cap for loan purchases?in 2025 to $146 billion ($73 billion for each agency). This increase in FHFA loan caps for 2025 aligns with industry expectations, given the anticipation of improving market conditions and lending activity expected in a lower interest rate environment. Next year’s cap for the Government-Sponsored Entities (GSEs) is an increase of approximately 4% from the $140 billion limit set for 2024. Read more.
U.S. Multifamily Market Snapshot — November 2024
November 15, 2024
The U.S. multifamily market held steady in a more normalized cycle through the first three quarters of 2024, following its skyrocketing recovery from the pandemic-related contraction. Rental demand remained strong, driven by the continued nationwide housing shortage and strong wage growth, while the high levels of new construction seen over the last two years appears to have peaked. Read more.
Data provided by Moody's CRE and MSCI Real Capital Analytics.
Small Multifamily Investment Trends Report Q4 2024
November 13, 2024
Small multifamily’s normalization pushed forward last quarter as the Federal Reserve made a long-awaited reduction to the target federal funds rate. Arbor’s Small Multifamily Investment Trends Report Q4 2024, developed in partnership with Chandan Economics, shows signs of stability have multiplied. Robust rental demand, a limited supply of quality affordable housing, and several other promising developments should support the subsector’s strength heading into 2025. Read the report.
Top U.S. Multifamily Rent Growth Markets — Q3 2024
November 8, 2024
The U.S. multifamily market held steady in a more normalized cycle during the third quarter of 2024. Rental demand remained strong, while new leaders emerged among the top markets for rent growth. Read more.
Data provided by Moody's CRE .