Thursday, September 19, 2019

Apartment watch

Things to watch, what to know, in your apartment operation

Vast majority of Americans cite growing housing affordability problem as a crisis

Four out of five American households believe the nation is suffering a housing affordability crisis and at least 75 percent report this is a problem at the state and local level as well, according...

Apartment industry and its residents contribute $3.4 trillion to the national economy

A new Hoyt Advisory Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment/multifamily industry and its residents annually contribute more than $3.4 trillion to the...

PHFA issues RFP for local groups to request funding for housing initiatives

The Pennsylvania Housing Finance Agency is issuing a Request for Proposals soliciting applications from organizations for projects to improve the availability and affordability of housing across the commonwealth. Funding for this RFP is being...

3 ways to maximize rents at your apartment building

Investors in multifamily properties are often looking for ways to increase rents at their properties. In order to maximize rents, there are 3 things to remember before you advertise your next vacancy according to...

Statement from NAHB Chairman Greg Ugalde on the Administration’s Housing Finance Reform Plan

Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement after the Trump administration announced a plan to reform the...

HUD expands housing preservation program to include senior housing

In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) announced a significant expansion of its Rental Assistance Demonstration (RAD) to...

BizFed earthquake preparedness seminars to focus on creating a safer Los Angeles County

A series of earthquake preparedness seminars focused on creating a safer Los Angeles County has been announced by the Los Angeles County Business Federation (BizFed). In the aftermath of this summer's 7.1 earthquake in Ridgecrest and...

HUD awards $75 million to help end youth homelessness

The U.S. Department of Housing and Urban Development (HUD) is awarding $75 million to end youth homelessness in 23 local communities across the country, including eight rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP)...

HUD awards $5.2 million to 23 public housing agencies for emergency safety and security...

The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $5.2 million to 23 Public Housing Authorities (PHAs) in 15 states to make needed improvements to their safety and security...

Apartment and condominium market bounces back to positive territory in second quarter

Confidence in the market for new multifamily housing improved in the second quarter of 2019, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB)....

HUD takes a major step to improve health and safety inspections

The U.S. Department of Housing and Urban Development (HUD) announced another step to overhaul the Department’s 20-year-old inspection process to ensure taxpayer-supported housing is healthy and safe. HUD is launching a new demonstration to...

FHA issues new condominium approval rule

In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) today published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium...

Interior announces improvements to the Endangered Species Act

Today the Department of the Interior announced changes that will improve the way the Endangered Species Act is applied—changes that will benefit property owners and species. Interior’s new rules terminate an illegal and counterproductive...

Falling mortgage rates bolster Freddie Mac’s Apartment Investment Market Index in Q1

The Freddie Mac Multifamily Apartment Investment Market Index (AIMI®) rose by 2.4 percent in Q1 2019 as mortgage rates fell and net operating incomes (NOI) continued their decade-long rise. The annual change in the index remained negative...

NAHB commends White House commitment to workforce development

Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement marking the one-year anniversary of the White House executive order...
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