Regarding the BTR market, both NMHC and MBA recently shared encouraging updates on amended House language related to the bill. Most notably, the revised proposal would remove the Senate’s controversial build-to-rent provision, including the 7-year divestiture requirement.
Yesterday, @SecretaryTurner toured Colorado’s first build-to-rent community alongside @repgabeevans.
Together, they discussed how the development has delivered affordable housing and other innovative solutions to the housing supply shortage across the state.
What are the benefits of HUD?
High leverage, low-rate fixed rate financing at a 1.15x DSCR for market rate transactions. A big misconception is that there must be an affordability component on a HUD transaction, which is not true, but an affordability component can lower the DSCR to 1.11x depending on the affordability level.