Advocates of strong measures to revivify the multifamily housing market are guardedly optimistic about the recent announcement by Housing and Urban Development Secretary Jack Kemp that HUD will simplify its method by which it attempts to police the "layering" of federal government subsidies.

"It is long overdue but it's welcome and I'd like to see it implemented,' said Anthony S. Freedman, a partner in the Washington office of the Atlanta-based law firm, Powell, Goldstein, Frazer & Murphy. Freedman, deputy assistant secretary for housing policy and budget at HUD during the Carter administration, is a strong critic of FHA's policies on multifamily housing.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.