Multifamily

IRS Provides Temporary Relief for LIHTC

Filed in Disaster Response, Multifamily by on July 1, 2020 0 Comments
IRS Provides Temporary Relief for LIHTC

In a victory for NAHB and its members, the Internal Revenue Service today announced temporary relief from certain requirements under Section 42 of the Internal Revenue Code for Low-Income Housing Tax Credit (LIHTC) projects. In light of financing and construction delays and other challenges resulting from COVID-19, NAHB requested in April that the IRS extend all relevant LIHTC deadlines. 

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NAHB Awards Programs Now Open

NAHB Awards Programs Now Open

Applications are now open for numerous awards that recognize the innovation and dedication of professionals throughout the home building industry.

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How This Award-Winning Multifamily Builder Cultivates a Culture of Success

Filed in Awards, Multifamily by on June 30, 2020 0 Comments
How This Award-Winning Multifamily Builder Cultivates a Culture of Success

The McShane Construction Company credits its success to adhering to the values that have guided it since its founding: honesty, integrity and partnership. It’s helped make the company a winner — specifically the 2019 Builder of the Year for the Multifamily Pillars of the Industry Awards.

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Fannie Mae and Freddie Mac Extend Forbearance for Multifamily Property Owners

Filed in Disaster Response, Housing Finance, Multifamily by on June 29, 2020 0 Comments
Fannie Mae and Freddie Mac Extend Forbearance for Multifamily Property Owners

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the Enterprises) are allowing servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements for up to three months, for a total forbearance of up to six months.

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3 New Opportunities for Multifamily Developers to Use the 2020 NGBS

3 New Opportunities for Multifamily Developers to Use the 2020 NGBS

Using green, high-performance practices can position multifamily developers and builders to meet growing consumer demand. Seeing green is 20/20, and the new ICC 700-2020 National Green Building Standard® (NGBS) provides a flexible roadmap to guide the design and construction of your next high-performance project, while the certification process provides the third-party verification to validate your work.

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IRS Proposes Rule on Like-Kind Exchanges

Filed in Multifamily by on June 12, 2020 2 Comments
IRS Proposes Rule on Like-Kind Exchanges

The Internal Revenue Service has released a draft regulation to define a like-kind property that is held for investment, trade or business purposes under Section 1031 of the tax code (governing like-kind exchanges). The IRS will accept comments through Aug. 11.

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Location Is Everything for Multifamily Design

Filed in 55+ Housing, Awards, Design, Multifamily by on June 10, 2020 0 Comments
Location Is Everything for Multifamily Design

Location can play an important part in the design of a home — especially the creative ways in which multifamily buildings can take advantage of their locality. Recent award-winning designers have taken a number of different approaches. See how they did it.

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Ohio Urban Infill Project Improves Quality of Life in Neglected Neighborhood

Ohio Urban Infill Project Improves Quality of Life in Neglected Neighborhood

The Residences at Career Gateway is a community housing development, funded with the help of Low-Income Housing Tax Credits (LIHTCs), which aims to revitalize the south side of Columbus and connect residents with meaningful workforce supports.

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Multifamily Construction Makes Gains in Low Density Markets

Filed in Economics, Housing Trends, Multifamily by on June 9, 2020 0 Comments
Multifamily Construction Makes Gains in Low Density Markets

Over the past year, multifamily residential construction in suburban and rural areas has outpaced expansion in larger metropolitan areas, leading to changes in apartment construction market share. Single-family construction has also exhibited a similar trend, as illustrated in the latest quarterly NAHB Home Building Geography Index.

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The Future of Multifamily Design

Filed in Design, Disaster Response, Multifamily by on June 3, 2020 8 Comments
The Future of Multifamily Design

The COVID-19 pandemic has forced residents to look at a number of their everyday experiences — including the way they live. In multifamily developments, the areas of real changes will occur based on two components: health and safety protocols, and consumer demands.

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