FHA Small Building Risk Sharing Initiative Webinar Series
CDBA is pleased to announce a webinar series designed to introduce your bank to the Federal Housing Administration’s new Small Building Risk Sharing (SBRS) Initiative, a program that can help provide more capital to small multifamily properties by substantially mitigating your risk as a lender.
More than a third of households in this country live in rental properties. Of those, a third live in small properties of 5-49 units. The SBRS Initiative is designed to address the multifamily housing sector's capital needs with a 50% risk sharing arrangement with HUD. By significantly decreasing lenders’ risk, the program promotes financing that can be used for project acquisition, refinancing, rehabilitation, and equity take-outs.
In this two part webinar series, SBRS Initiative expert Diana Talios will provide crucial details your bank will need to benefit from the new program. Because of the practical value of this information, we encourage banks to have their Chief Lending Officer and any team members involved in multi-family lending attend these webinars.
Diana Talios - FHA Multifamily Multifamily Production, U.S. Department of Housing and Urban Development
Part I: The Basics
Tuesday, October 6, 2015
Our first webinar is a broad overview of the SBRS Initiative. This webinar is designed to focus on strategic questions including eligibility requirements, the application process, and timelines.
Part II: Deep Dive
Tuesday, October 20, 2015
Our second webinar is for banks that are eligible for the program and are considering applying. This webinar will delve into FAQs and the nitty gritty of the application process.
These webinars are FREE for all employees of CDBA member banks. Non-member participants will be charged $75 per webinar. Non-member fees will be invoiced following the webinar(s).
Interested in joining CDBA? Contact Caitlin Krutsinger at email@example.com.