GM520 - Week 2 Assignment Questions v.1

GM520 - Week 2 Assignment Questions v.1 - 1. State the...

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1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. This proposed regulation is called the “Multifamily Housing Reform and Affordability Act: Projects Eligible for a Restructuring Plan; When Eligibility Is Determined” controlled by the Department of Housing and Urban Development (“HUD”). The HUD interests me because I work in the real estate industry and with all with the cyclical movement in this industry, it’s interesting to learn about the changes that the government is making to help aid in its recovery. This specific proposed regulation interests me because my family has been involved in land development within the state of CA, and has been subject to the requirement of developing communities with affordable/multi-family housing. Although this regulation will not affect our business directly because the regulation only applies to projects “that have mortgage insured or held by the HUD”, it does provide insight on alternative methods of financing for potential future projects that are subject to Multifamily/Section 8 assisted housing requirements. With the banks nowadays hesitant to loan out money, juxtaposed with today’s real estate market, any alternative methods
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This note was uploaded on 10/13/2011 for the course MAFM FI516 taught by Professor Anthonycriniti during the Spring '10 term at Keller Graduate School of Management.

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GM520 - Week 2 Assignment Questions v.1 - 1. State the...

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