Fed Hosts Discussion of Multifamily Lending

WEB_panel_wideOn May 22, bankers, regulators, policymakers, and housing stakeholders gathered to discuss lending trends for small 5-49 unit multifamily properties, which house one-third of Cook County’s renters.

Co-sponsored by the Federal Reserve Bank of Chicago, the Office of the Comptroller of Currency, the Federal Deposit Insurance Corporation, Community Investment Corporation, the Institute for Housing Studies at DePaul University (IHS), and The Preservation Compact, the event, “Preserving Chicagoland’s Small Multifamily Housing Stock” spurred discussion of issues and opportunities in today’s multifamily lending market.

Following background presentations by Geoff Smith of IHS and David Saltzman of David Paul Rosen & Associates, Jonathan Miller, Deputy Director of Policy and Research at the FDIC moderated a panel discussion explaining the causes and possible solutions to the decline of lending to the small multifamily stock in low- and moderate-income neighborhoods.  To read more and download the event materials, visit the event page.