Assessment of the Availability and Cost of Financing for Small Multifamily Properties

In its reg's. 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 Gov't.-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.Herbert, Christopher E. is the author of 'Assessment of the Availability and Cost of Financing for Small Multifamily Properties', published 2002 under ISBN 9780756721237 and ISBN 0756721237.