Representatives of the Mortgage Bankers Association of Americawere among those who provided testimony backing the bill. "Withouthigher FHA multifamily loan limits in high-cost markets, criticalhousing needs will go unmet," MBA member and Berkshire ManagementFinance senior vice president Linda Cheatham explains. "Low andmoderate-income families, including important community and publicservice providers like teachers and police officers will be deniedthe affordable rental housing they need." The subcommittee approvedthe legislation via a voice vote. HR 1985 will now continue to workits way through the congressional lawmaking system.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.