June 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Housing is central issue in economic disparity and a mutually beneficial carrot drives more investment dollars.
Rate Desk notes June 1, 2020
- Indices up
- Crude $35.64
- UST yields .66
- 223(f) 2.48%
- 221(d)(4) 3.13%
- Fannie 3.18%
- Freddie 3.20%
- Housing and economic success
- Carrot or stick?
- LIHTC $8 billion per year to develop and rehabilitate affordable housing
- Work-force mezzanine loan
- Program didn’t pencil and was cancelled after 6 months
- Refocus on new carrot
- Housing is central issue to disparity
- Mutually beneficial carrot drives more investment dollars
