Menendez Calls for Modernization of FHA's Financing of Multifamily Housing Lending
April 27, 2023
April 27, 2023
WASHINGTON, April 27 -- Sen. Robert Menendez, D-New Jersey, issued the following news release:
U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Committee on Banking, Housing and Urban Affairs, questioned witnesses about the Federal Housing Administration's (FHA) ability to finance multifamily construction because of loan limits set in statute without an update in 20 years. The Senator introduced a discussion draft that would increase FHA's multifamily lend . . .
U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Committee on Banking, Housing and Urban Affairs, questioned witnesses about the Federal Housing Administration's (FHA) ability to finance multifamily construction because of loan limits set in statute without an update in 20 years. The Senator introduced a discussion draft that would increase FHA's multifamily lend . . .