Multifamily Update: March 6, 2009

Renters are forgotten in the foreclosure crisis, Obama outlines HUD budget increase, and more apartment industry news.

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Here’s the week’s top news in the multifamily and affordable housing sectors, courtesy of our sister magazines, Multifamily Executive (MFE), Affordable Housing Finance (AHF), and Apartment Finance Today (AFT).

Obama Outlines HUD Budget Increase

Renters Forgotten in Foreclosure Crisis

REITs Test Apartment Disposition Markets

Credit Jolt: Colonial Announces $350 Million Facility

Bank Failures Expected to Continue

Enterprise Leverages $515 Million in New Markets Tax Credit Allocations

Apartment Sales Fall Off in January

CMBS Defaults Expected to Soar in 2009

RCG Longview Closes $600 Million Debt Fund

In addition, here is multifamily news you may have missed from the week of Feb. 23, also by MFE, AFT, and AHF.

AIMCO’s Senior Management Team Consolidates

Associations Warn of Systemic Failure in Apartment Sector

Long Commutes Financially Burden Working Families

Miami-Area Properties Fall 43% in 2008

REITs Continue Layoffs, Impairments, Dire Warnings

Legislation Forces More Apartments to Go Smoke-Free

Fannie Mae Makes Adjustments for 2009

Innovative Preservation Projects Receive $32.5 Million

GSEs Tighten Up on Affordable Housing Deals

Fannie Mae Mulls Return to Variable-Rate Bond Market

POAH Takes Over Six Florida Properties

California Postpones LIHTC Round


Learn more about markets featured in this article: Miami, FL.

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