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Thursday, March 4, 2010

Housing Taskforce Brown Bag: FHA Multifamily Underwriting Policy Changes

To register for this event please click on the appropriate option at the bottom of this page
      
Date: Thursday, March 4, 2010
Time: 12:00 - 2:00 pm
Location: Volunteers of America, 1660 Duke Street, Alexandria, VA, 22314 Training Rooms
Directions: Metro; King Street (Yellow & Blue). 3 blocks east on the south side of Duke (across from Table Talk Restaurant).  1660 is in a cluster of 3 buildings, and is in the rear of the complex.

Free to members--this is a WHF member-only event 
 
Speaker: Dan Sullivan, Director of Policy Division & Joyce Allen, Director FHA Multifamily Policy

Program Description: Deputy Assistant Secretary Carol Galante announced changes to the FHA underwriting guidelines at the MBAA CREF conference on February 2nd.  These changes would tighten existing multifamily underwriting standards and serve to protect the FHA fund.  Mr. Sullivan and Ms. Allen will discuss the announced changes, present an overview of FHA multifamily policy directions, and take questions.

Speaker Bio:
Dan is currently Director of Policy for FHA’s Office of Multifamily Housing Development.  He was the Chief FHA Underwriter for Reilly Mortgage/Wells Fargo Multifamily Capital from November 2002 to October 2009.  Previously, he was a Senior Policy Analyst in HUD Headquarters for the Mark-to-Market, and Preservation programs.  Dan started his federal career as Multifamily Housing Representative in the Seattle HUD Office after college and serving in the US Navy. 

Joyce is Director of the Office of Multifamily Housing Development, which provides direction and oversight for FHA mortgage insurance loan origination, including the implementation of the Multifamily Accelerated Processing Program, commonly referred to as MAP.  Joyce has held this position since January 2008.  Prior to her current position, Joyce worked for the USDA Rural Development Multifamily Housing Program in Washington DC since 1997.  She served as Deputy Director of the Section 538 Guaranteed Rural Rental Housing Program, which provides loan guarantees for the development and preservation of low to moderate income multifamily properties in rural America.   
                                    
For questions on the program, please contact Martha Paschal, 703.341.5068, mpaschal@voa.org

Cost: Complimentary for WHF Members Only.  Not a member? Call WHF at 703-683-4742 and we would be happy to assist in getting you signed up for membership

RSVP: Please RSVP no later than Wednesday, March 3, 2010 at 12:00 PM



Date(s): March 4, 2010
Time: 12:00 PM  EST - 2:00 PM  EST
Location: Volunteers of America, 1660 Duke Street, Alexandria, VA, 22314

 


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