Business View Civil and Municipal | May/June 2022

6 CIVIL AND MUNICIPAL VOLUME 3, ISSUE 5 TGAGE FOR ENERGY S developer, the Village of Roselle, and Metra, the Regional Transportation Authority. This will allow the developer to construct a connected parking garage with 541 spaces for apartment residents and Metra commuters. The $11 million garage is funded by the Village’s property value appreciation through Tax Increment Financing. About the Office of Multifamily Housing FHA’s Office of Multifamily Housing plays an important role in the construction, substantial rehabilitation and refinance of market rate and affordable housing through the issuance of FHA mortgage insurance. These insurance programs provide stability, liquidity, and affordability to the multifamily housing market by providing credit during countercyclical times and in small markets. Fiscal year-to-date, the Office has insured 11,225 mortgages for 1.4 million homes with a total unpaid principal balance of $114 billion. In fiscal year 2021, the Office of Multifamily Housing achieved record-breaking volume of $29.5 billion in initial endorsements for mortgage insurance. View quarterly and historical data on FHA Multifamily volume here. *HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. More information about HUD and its programs is available at www.hud.gov and https://espanol.hud.gov. The five-story building is designed around a central courtyard, and amenities include a business office, fitness center, golf simulator, dog spa, outdoor pool, and enclosed rooftop lounge