Friday, January 20, 2023

Orion IRE: Daily Top 5

 “In a year marked by record rent inflation and a rental housing supply crisis, Freddie Mac Multifamily prioritized its affordable housing mission,” said Kevin Palmer, head of Freddie Mac Multifamily. “Not only did we exceed our aggressive affordable housing goals, but we also set a record for Targeted Affordable Housing, ramped up our LIHTC equity investments by 45%, and made nearly $2 billion in forward commitments designed to bolster future housing supply.”

www.orionprop.com

Freddie Mac Exceeds 2022 Affordable Housing Goals

4 minutes

Article originally posted on Multifamily Executive on January 19, 2023

Year-End Multifamily Production Volume for the GSE Totaled $73.8 Billion.

Freddie Mac Multifamily’s production volume for 2022 totaled $73.8 billion, with the government-sponsored enterprise (GSE) meeting its affordable housing goals set by the Federal Housing Finance Agency (FHFA). As part of the total, the GSE had a record of nearly $1 billion in low-income housing tax credit (LIHTC) equity investments. It also saw a record for its targeted affordable loan purchases that have a regulatory rent restriction or subsidy, increasing 60% to $15.3 billion last year, up from 2021’s $9.6 billion.

“In a year marked by record rent inflation and a rental housing supply crisis, Freddie Mac Multifamily prioritized its affordable housing mission,” said Kevin Palmer, head of Freddie Mac Multifamily. “Not only did we exceed our aggressive affordable housing goals, but we also set a record for Targeted Affordable Housing, ramped up our LIHTC equity investments by 45%, and made nearly $2 billion in forward commitments designed to bolster future housing supply.”

Of the 693,000 rental units financed through loan purchases last year, over 420,000 were affordable to low-income households earning up to 80% of the area median income (AMI). This exceeds the 415,000-unit goal set by the FHFA. Nearly 128,000 units were affordable to very low-income households earning up to 50% of the AMI, which represents 145% of the 88,000-unit goal. The GSE also surpassed its low-income housing goal for properties with five to 50 units by 118% with 27,103 units.

According to Freddie Mac Multifamily, nearly 69% of its volume in 2022 qualified as mission-driven affordable housing, exceeding FHFA’s 50% goal. In terms of units, 96% of loan purchases supported units affordable at 120% of the AMI; 74.1% supported units at 80% of the AMI; 43.7% supported units at 60% of the AMI; and 22.5% supported units at 50% of the AMI.

Other highlights for Freddie Mac Multifamily in 2022 include:

  • A record $1.9 billion in forward commitments, which will support 20,000 new or rehabbed affordable housing units;
  • $4.4 billion in small-balance loans;
  • $2.7 billion in seniors housing loans; and
  • $1.6 billion in student housing loans.

“The Freddie Mac Multifamily team and our network of Optigo lenders worked tirelessly to deliver consistent liquidity to a turbulent market in 2022,” said Steve Johnson, senior vice president for production and sales at Freddie Mac Multifamily. “We brought our affordable housing A game, reaching new heights and hitting goals that few thought possible in a shrinking originations market. My sincere thanks and appreciation go out to our lender network and the Freddie Mac team.”

Berkadia topped the list of lenders by volume for 2022, followed by CBRE, Walker & Dunlop, Capital One, and JLL. PGIM Real Estate, Newmark, KeyBank, Greystone, and NewPoint Real Estate Capital rounded out the top 10.

For conventional, Berkadia came in at the top, followed by CBRE, Walker & Dunlop, Capital One, and JLL. Berkadia also ranked first for Targeted Affordable Housing, followed by CBRE, Citibank, Merchants Capital, and KeyBank. Wells Fargo was the top lender for student housing, CBRE for small-balance loans, and Newmark for seniors housing.

Freddie Mac Exceeds 2022 Affordable Housing Goals

Freddie Mac Multifamily’s production volume for 2022 totaled $73.8 billion, with the government-sponsored enterprise (GSE) meeting its affordable housing goals set by the Federal Housing Finance Agency (FHFA). As part of the total, the GSE had...»

NRF: Holiday Sales Rise 5%, Just Miss Forecast

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Where Demand for Industrial Space is Coming From Now

Logistics and parcel delivery remains No. 1 in million square feet requirements for industrial space but other industries have been making traction, according to a new report from JLL. The report showed that the automotive industry has...»

BMO’s $16.3 Billion Bank of the West Deal Wins US Regulatory Nod

(Bloomberg) -- Bank of Montreal has received approval from the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest US lender. After the transaction...»

Massive Jove Solar Project in Arizona Moves Closer to Reality

La Paz County, Arizona, could soon be the site of a large-scale solar energy facility if the U.S. government approves Jove Solar LLC’s application for a 30-year right-of-way grant. The project’s plan and the environmental concerns were discussed during a...»

AeroSpace & Defense News

 


www.asdnews.com

DriX Unmanned Surface Vehicle Takes Part in Digital Horizon

4 - 5 minutes

Jan 19, 2023

DriX Unmanned Surface Vehicle Takes Part in Digital Horizon 22 Military Exercise

Organized by US Navy in Bahrain

"Exail, formerly iXblue, recently took part in the Digital Horizon Unmanned & Artificial Intelligence Exercise in Bahrain, organized by the US Navy. The U.S. Navy’s 5th Fleet held the three-week exercise in December to test new unmanned technologies, as part of its plans to establish the world’s first Unmanned Surface Vehicle (USV) fleet of one hundred drones in the Gulf by the end of the summer.

The current geopolitical situation means that manned assets are in increasing demand elsewhere, leading the Navy to look to the latest unmanned technologies to expand its capabilities. Vice Adm. Brad Cooper, commander of U.S. Naval Forces Central Command, U.S. 5th Fleet and Combined Maritime Forces, set up Task Force 59 last year to speed new tech integration across the 5th Fleet, and seek alternative, cost-effective solutions for conducting Maritime Domain Awareness (MDA) missions. Maritime Domain Awareness can be defined as the effective understanding of military and non-military events in the maritime environment that could impact the security, safety, economy, or environment of a nation or a region.

✓ Exail’s DriX USV was among the fifteen USVs and Unmanned Aerial Vehicles (UAVs) selected to participate in the exercise, which staged a Maritime Domain Awareness (MDA) mission. The USVs and UAVs were tasked with gathering data on the surface in order to detect and identify potential threats. One of the main requirements was for the drones to communicate with each other using a common OPS system. The complementarity aspect of the different drones was also important, as the 5th Fleet aims to leverage the different capacities of each drone to cover a wide array of competencies in order to produce a Common Operating Picture of what is occurring in a specific zone of water.

Unmanned Surface Vehicles (USV) for Defense and Security - Market and Technology Forecast to 2030

Unmanned Surface Vehicles (USV) for Defense and Security - Market and Technology Forecast to 2030

Market forecasts by Region, Spending Element, and End-Use. Current and Future USV technologies, Country analysis, Market Dynamics, Opportunity Analysis, and Leading Companies

Published: December 2021 - Pages: 250 pages

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✓ With its highly hydrodynamic monohull and drop keel, DriX showed high reliability with excellent seakeeping and speed results, accomplishing its mission of gathering data on the surface and proving its capacity to successfully integrate third party radar and cameras. The ability of DriX to integrate within a military communications network was successfully proven, thanks to its wide range of communication means (including Certus, 4G, Wifi and Silvus). The USV further meets requirements in terms of communications redundancy, crucial for minimizing risk during military operations, and is fitted with an advanced collision avoidance system that ensures robust and safe autonomous navigation at sea.

Guillaume Eudeline, Exail’s Naval Autonomy Market Director said: “We’re very happy about the feedback from the TF59 on DriX’s performance. We’d like to thank the US Navy 5th Fleet for their support throughout the exercise and in particular Capt. Michael Brasseur and his staff. For the first time DriX integrated a multiple-unmanned collaborative military organization, alongside some of the industry’s best. It was a real success and we are proud to have collaborated in this group effort, which showed what unmanned technologies can bring to MDA.”



 

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AZCIR Welcomes A New Investigative Reporter Natasha Yee

 

Dear Tim,

I’m thrilled to introduce you to AZCIR’s newest investigative reporter, Natasha Yee. She recently joined our newsroom for a six month investigative reporting fellowship made possible by the Fund for Investigative Journalism, a nonprofit that provides grants to foster high quality, impactful accountability reporting. Natasha will focus her coverage for AZCIR on the Arizona cannabis industry.

Natasha previously covered a range of topics, including cannabis, for the Phoenix New Times. She also has covered politics as a freelance reporter for Rolling Stone.

She is a first-generation college graduate who recently earned a master’s degree in journalism from ASU’s Walter Cronkite School of Journalism, where she covered border issues and health. Prior to her work in media, Natasha worked as a high school English teacher. She is the daughter of Iraqi immigrants and speaks fluent Aramaic, conversational Spanish and limited Arabic.


Natasha Yee


Twitter: @natashawrote
Email: natasha.yee@azcir.org



I’m excited to welcome Natasha to our team, and to further expand our investigative coverage thanks to support from the Fund for Investigative Journalism.

Please don’t be shy about reaching out to Natasha—send her a welcome note or share tips with her about Arizona’s cannabis industry. And if you’re on twitter, give her a follow!

Thanks, as always, for following and supporting our work.

Cheers,


Brandon Quester
Executive Director and Editor
Arizona Center for Investigative Reporting
DONATE TODAY!

HUD Announces New Proposed “Affirmatively Furthering Fair Housing” Rule, Taking a Major Step Towards Rooting Out Longstanding Inequities in Housing and Fostering Inclusive Communities

 

HUD Press Office
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Description automatically generatedHUD NEWS      

U.S. Department of Housing and Urban Development – Marcia L. Fudge, Secretary

Office of Public Affairs, Washington, DC 20410

HUD No. 23-013                                                                                              FOR RELEASE

HUD Public Affairs                                                                                          Thursday

202-708-0685                                                                                                   January 19, 2023

HUD.gov/Press

 

 

HUD Announces New Proposed “Affirmatively Furthering Fair Housing” Rule, Taking a Major Step Towards Rooting Out Longstanding Inequities in Housing and Fostering Inclusive Communities

 

Rule expands upon HUD’s previous policy, implementing opportunities for transparency and accountability while bolstering economic equity for American families

 
WASHINGTON –The U.S. Department of Housing and Urban Development (HUD) will imminently publish a Notice of Proposed Rulemaking in the Federal Register to fulfill the promise of the 1968 Fair Housing Act. The proposed rule aims to remedy the effects of the long history of discrimination in housing, will help to foster opportunity in communities across the country where every resident can thrive. In addition, this proposed rule meets President Biden’s call in his first days in office to fully enforce the Fair Housing Act, outlined in Memorandum on Redressing Our Nation’s and the Federal Government’s History of Discriminatory Housing Practices and Policies

 

This proposed rule implements the Fair Housing Act’s affirmatively furthering fair housing mandate, which directs the government to promote fair housing choice, eliminate disparities in housing, and foster inclusive communities. While building avenues for greater accountability, this proposed rule streamlines the required fair housing analysis for local communities, states, and public housing agencies and requires them to set ambitious goals to address fair housing issues facing their communities, among other landmark changes. 

 

“This proposed rule is a major step towards fulfilling the law’s full promise and advancing our legal, ethical, and moral charge to provide equitable access to opportunity for all,” said Marcia L. Fudge, Secretary of Housing and Urban Development. 
 
“Affirmatively furthering fair housing means more than merely steering clear of housing discrimination violations” said Demetria L. McCain, Principal Deputy Assistant Secretary for Fair Housing and Equal Opportunity. “Today, HUD is taking new, bold action to eliminate the historic patterns of segregation that continue to harm American families. This action will help make the purpose of the Fair Housing Act reality by making it easier for local communities to identify inequities and make concrete commitments to address them.” 

 

This proposed rule, a significant step in addressing the country’s history of discriminatory housing policies and practices, responds to both President Biden’s directive, the Memorandum on Redressing Our Nation’s and the Federal Government’s History of Discriminatory Housing Practices and Policies, to HUD and Secretary Fudge’s call to weave equity throughout HUD’s work. Specifically, it would spur HUD program participants to take action in order to ensure members of protected classes have equitable access to affordable housing opportunities, which can be a crucial lifeline for underserved communities that have long been denied equal access to opportunity. The proposed rule incorporates much of the framework of the 2015 AFFH rule, which was effective for only a short time before the previous Administration dismantled it, and includes several refinements based on feedback HUD received from a variety of stakeholders. 

 

In particular, the proposed rule is designed to simplify the required fair housing analysis, emphasize goal-setting, increase transparency for public review and comment, foster local commitment to addressing fair housing issues, enhance HUD technical assistance to local communities, and provide mechanisms for regular program evaluation and greater accountability, among other changes.  

 

Under the proposed rule, program participants every five years would submit to HUD for review and acceptance an Equity Plan. That plan, which must be developed following robust community engagement, would contain their analysis of fair housing issues confronting their communities, goals, and strategies to remedy those issues in concrete ways, and a description of community engagement.  The proposed rule would then require program participants to incorporate goals and strategies from their accepted Equity Plans into subsequent planning documents (e.g., Consolidated Plans, Annual Action Plans, and Public Housing Agency Plans).  

 

In addition, program participants would be required to conduct and submit to HUD annual progress evaluations that describe progress toward and/or any needed modifications of each goal in the Equity Plan. Both the Equity Plans and the annual progress evaluations would be posted online. The proposed rule includes provisions that permit members of the public to file complaints with HUD if program participants are not living up to their AFFH commitments and various other provisions that enable HUD to ensure that program participants are held accountable for complying with this rule. 

 

HUD seeks public comment on this proposed rule and invites all interested parties and members of the public to submit their views, comments, and recommendations for improvement for this proposal.  Comments may be submitted electronically through www.regulations.gov, or through the methods described in the proposed rule.  

  

Read HUD’s Notice of Proposed Rulemaking on Affirmatively Furthering Fair Housing.  

 

For further information, please reference this fact sheet, quick reference guide, and public comment how to guide.

 

###

 

HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. 
More information about HUD and its programs is available at www.hud.gov and https://espanol.hud.gov.

You can also connect with HUD on social media and follow Secretary Fudge on Twitter and Facebook or sign up for news alerts on HUD's Email List.

HUD COVID-19 Resources and Fact Sheets

Learn More About HUD's Property Appraisal and Valuation Equity Work

ADEQ: Notice of Final Rulemaking (NFRM) on our SWPP stakeholder meetings and materials

 

surface water protection

Greetings,

Thank you to all of the stakeholders who helped ADEQ complete the Surface Water Protection Program (SWPP) rule, which ensures Arizona’s most important waters are protected regardless of federal actions that may change the scope of surface water regulation in the future. 

The rule is due to be published in the January 27, 2023, issue of the Arizona Administrative Register and will be available on the Secretary of State's website. In the meantime, we have posted the Notice of Final Rulemaking (NFRM) on our SWPP stakeholder meetings and materials webpage | View Page >

The effective date for the SWPP rule is February 20, 2023. ADEQ filed the rule with the Secretary of State on December 22, 2022. Per Arizona Administrative Code § 41-1032, the rule is effective 60 days after filing.

Thank you,

Trevor Baggiore
Water Quality Division Director
ADEQ


If you have questions, please contact:

David Lelsz, Ph.D.
Program Manager, Water Quality Division
602-771-4651
Lelsz.David@azdeq.gov

Your feedback matters to ADEQ. Visit azdeq.gov/feedback


About ADEQ

Under the Environmental Quality Act of 1986, the Arizona State Legislature established the Arizona Department of Environmental Quality in 1987 as the state agency for protecting and enhancing public health and the environment of Arizona. For more information, visit azdeq.gov.


 


AZPDES Stakeholder Meetings and Materials

Following are documents associated with stakeholder meetings about rulemaking for the surface water protection program.

Surface Water Protection Program Rule

Notice of Final Rulemaking (NFRM)

Chapter 9: Permits

Chapter 11: Standards

Notice of Proposed Rulemaking (NPRM)

Previous Versions of Draft Rule

Additional Resources

Technical Papers

Stakeholder Meeting Resources

July 18, 2022

Meeting Presentation | View/Download >

June 6, 2022

Meeting Presentation | View/Download >
Attendee Questions/Comments | View/Download >

May 23, 2022

Meeting Presentation | View/Download >
Attendee Questions/Comments | View/Download >

May 16, 2022

Meeting Presentation | View/Download >
Attendee Questions/Comments | View/Download >

Sept. 29, 2021

Meeting Presentation | View/Download >
Attendee Questions/Comments | View/Download >

Aug. 26, 2021

Meeting Presentation | View/Download >
Attendee Questions/Comments | View/Download >

Aug. 5, 2021

Meeting Presentation | View/Download >
Attendee Questions/Comments | View/Download >

June 3, 2021

Meeting Presentation | View/Download >
Attendee Questions/Comments | View/Download >

 
 

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