Tuesday, October 7, 2008

“New Tools for Financing Affordable Housing pursuant to the Housing and Economic Recovery Act of 2008”

An important Event from the CHAPA Calendar:

The Real Estate Bar Association’s Affordable Housing Committee is pleased to invite you to attend a panel discussion regarding “New Tools for Financing Affordable Housing pursuant to the Housing and Economic Recovery Act of 2008”. Our guest speakers will be Maureen Flynn, Special Counsel in the Executive Office of Housing and Economic Development, Consumer Affairs Division, and Joseph Flatley, President and CEO, and Bruce Ehrlich, Investment Officer, at the Massachusetts Housing Investment Corporation (MHIC).

The new Federal Housing Legislation, signed into law on July 31, 2008, substantially reformed prior housing finance processes and programs,including establishing a new regulator for Fannie Mae and Freddie Mac, funding a federal Affordable Housing Trust Fund (with projected funding of over $280 million in 2010), and creating a $3.9 billion Neighborhood Stabilization Grant Fund. Our panelists will share their perspectives from the public and private sectors on housing finance reform and how these changes will impact on structuring and financing affordable housing transactions in 2008 and beyond.

Location:

Rackemann, Sawyer & Brewster, P.C.
160 Federal Street, 15th Floor,
Boston.

Additional Information:

Interested attendees should contact Kurt James at (617) 951-1154 or kjames@rackemann.com to RSVP for this meeting. A complimentary lunch will be served. If you are interested in learning more about REBA, or becoming a REBA member, you may contact REBA at (617) 854-7555 or visit REBA on line at www.reba.net.

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