June 30, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Indices breaking quarterly records and the Emergency Affordable Housing Act posed to free up $73 million in new equity.
Rate Desk notes June 30, 2020
- Indices up, breaking quarterly records
- UST yields .66
- Crude $39.39
- 223(f) 2.47%
- 221(d)(4) 3.07%
- Fannie 2.87%
- Freddie 3.10%
- Emergency Affordable Housing Act
- Fix 4% LIHTC rather than using AFR
- Would free up $73.6 million in new equity
- Limited supply of 9% loans (70% of development costs)
- More 4% loans available (30% of development costs)
