Friday, June 8, 2012

Witnesses: FHA remains crucial in multifamily financing via HousingWire

The increasing number of renters needs more attention, according to witnesses who testified before the House Financial Services Committee over the Federal Housing Administration's future role in multifamily housing.

"The focus of the discussion on the future of housing finance reform largely has been on single-family homeownership," said Robert Nielsen, the immediate past chairman of the National Association of Home Builders in his written testimony. "Less attention has been paid to the multifamily rental housing segment of the housing finance system, even though almost one-third of Americans live in rental housing, and demand for rental housing in the future is expected to increase."

Read more...Witnesses: FHA remains crucial in multifamily financing | HousingWire

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