NAA opposes efforts to implement laws that would limit
an apartment owner or operator’s ability to properly screen
residents, or measures that would require them to enforce federal
immigration laws. Housing providers are not in the business
of policing or authenticating the validity of an individual’s
immigration paperwork.
NAA stands at the ready to assist affiliates and members
with immigration policy concerns. For information, please
contact Nicole Upano, Director of Public Policy, NAA at
[email protected].
FHFA ISSUES THE 2019 SCORECARD FOR THE
ENTERPRISES
FHFA issued the 2019 Scorecard for Fannie Mae and
Freddie Mac (GSEs) on December 19, 2018. The annually
issued scorecard is used as a guide by the GSEs to provide
a framework for their efforts and results throughout the
coming year. As previously highlighted, the scorecard includes
a production cap for 2019 that remains the same as 2018 at
$35.0 billion. While much of the scorecard focus remains the
same as the prior year, it does make a substantial change in how
green loans will be evaluated for exclusion from the production
cap. First, the hurdle for minimum savings was raised from
25 to 30 percent of annual consumption. Second, and more
importantly, half of the savings must come from energy savings.
Additionally, the scorecard requires the Enterprises to explore
opportunities to further affordability through multifamily energy
and water efficiency. Finally, the scorecard requires the Enterprises
to prepare for the transition away from LIBOR to a yet to be
determined floating rate index that is scheduled to occur by 2021.
Credit risk transfer also remains a key focal point for FHFA
for both multifamily and single-family, but no specific initiative
is required for multifamily other than to continue exploring
methods to distribute credit risk to the private markets. In
comparison, there are no new requirements for the multifamily
business, a reflection of the well-established and effective risk
transfer mechanisms used by the GSEs.
S E RVIC ES
Insurance Restoration
Capital Improvements
Construction Defect
Repairs
Roofing: metal, low slope,
asphalt, tile, coatings
720-618-5264
SPYDERCON.COM
NATURAL DOG PARK PRODUCTS
As part of the scorecard, NAA and NMHC will continue
to provide market insight to FHFA on a quarterly basis to help
inform them on decisions related to the production cap levels.
Phone: 800-931-1562
www.GymsForDogs.com
[email protected]
www.aamdhq.org
FEBRUARY 2019
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