Tuesday, October 15, 2019

Apartment watch

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

President Trump signs executive orders bringing more accountability to federal agencies

Pacific Legal Foundation praises steps taken today by President Donald Trump to make federal agencies’ regulatory practices more accountable and transparent. The President signed two executive orders that address the misuse of a practice...

White House Opportunity and Revitalization Council introduces opportunityzones.gov

Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the...

HUD awards record $319 million to protect families from lead and other home health...

The U.S. Department of Housing and Urban Development (HUD) today awarded more than $314 million to 77 state and local government agencies, a record investment to protect children and families from lead-based paint and...

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...

Water efficiency upgrades save multifamily housing providers $20,500 per property

A new study from Enterprise Community Partners (Enterprise) and Elevate Energy shows how affordable housing owners can save money, conserve resources and strengthen the long-term viability of their portfolios. The report found that smart...

Barriers worsen housing affordability

The National Apartment Association (NAA) released its study “U.S. Barriers to Apartment Construction Index” which examines factors which make construction more difficult in 29 United States metros. Albuquerque was the city with the fewest...

July apartment market conditions show improvement; construction labor reported as both more expensive and...

Apartment market conditions improved across three of the four indexes measured by the July National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. The Sales Volume (55), Equity Financing (56) and Debt...

Special Delivery: 2018 NMHC/Kingsley Package Delivery Report

Just in time for the holiday delivery season, the 2018 National Multifamily Housing Council (NMHC)/Kingsley Package Delivery Report unpacks the industry’s response to rapid, continued growth of e-commerce. This holiday shopping season, retailers such as...

In a critical victory for the multifamily industry, California voters defeat Prop 10

Statement from National Multifamily Housing Council (NMHC) CEO Doug Bibby on California Ballot Initiative Proposition 10: “California voters sent a resounding message yesterday that rent control is not the answer to solving the housing affordability...

HUD to collaborate with private sector on Opportunity Zones Challenge

The U.S. Department of Housing and Urban Development (HUD) announced the Department will co-lead an Opportunity Zone-focused workforce challenge of the U.S. Census Bureau’s “The Opportunity Project (TOP)” initiative. TOP is a unique and...

National Multifamily Housing Council issues Data Privacy and Protection White Paper

The National Multifamily Housing Council released a new white paper that examines the state of play in the rapidly evolving data protection and privacy regulatory landscape. It identifies 14 specific steps firms should take...

HUD awards $99 million to provide affordable housing to people with disabilities

The U.S. Department of Housing and Urban Development (HUD) today awarded $98.5 million to 285 local public housing authorities across the country to provide permanent affordable housing to nearly 12,000 additional non-elderly persons with...

NMHC/NAA identify 2019-2020 apartment industry policy priorities

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) today released the multifamily industry’s policy priorities for 2019-2020. It’s no secret that a growing number of families across the income spectrum are struggling...

DC program causing chaos at Class A apartment community

Sedgwick Gardens is a historic landmark in a high-priced neighborhood in northwest Washington, D.C., the Washington Post reported. But in the past two years, it has also come to play home to a number...

Ginnie Mae MBS Outstanding increases to $2.033 trillion

Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $33.668 billion in November. A breakdown of November issuance includes $32.192 billion of Ginnie Mae II MBS and $1.476 billion of Ginnie Mae...
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