Multifamily

Development Rehabs Historical Site Into Modern Housing for Veterans

Filed in Awards, Multifamily by on November 11, 2019 0 Comments
Development Rehabs Historical Site Into Modern Housing for Veterans

What started as a collection of uninhabitable 1917-era homes built for gunpowder factory workers is now an impressive finalist in the 2019 NAHB Multifamily Pillars of the Industry awards, thanks to 11 years of dedication among key partners and the community.

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IRS Updates Form for Opportunity Zone Filings

Filed in Multifamily, Tax Reform Toolkit by on November 4, 2019 0 Comments
IRS Updates Form for Opportunity Zone Filings

The IRS has released a draft version of the updated Form 8996, which is required to be filed by all Qualified Opportunity Funds (QOFs). The IRS indicated earlier this year that it would further update this form, and it is likely a final version will be available prior to the end of the year.

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What is the ‘Missing Middle’ of Housing?

Filed in Affordability, Education, Land Development, Multifamily by on November 1, 2019 0 Comments
What is the ‘Missing Middle’ of Housing?

Less restrictive zoning would allow for more of what’s been termed “missing middle housing” and help provide solutions to the housing affordability crisis. A recent webinar presented what missing middle housing is, how it meets the needs of today’s buyers, and the current challenges and successes in developing these types of homes.

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55+ Housing Market Ticks Back Up to Record High

Filed in Economics, Multifamily by on October 31, 2019 0 Comments
55+ Housing Market Ticks Back Up to Record High

Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72, according to NAHB’s 55+ Housing Market Index (HMI) released today. This is the highest reading since the inception of the index in 2008.

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2019 Multifamily Pillars Finalists Announced

Filed in Awards, Multifamily by on October 28, 2019 0 Comments
2019 Multifamily Pillars Finalists Announced

NAHB announced the finalists for the 2019 Multifamily Pillars of the Industry Awards. A panel of 12 industry experts narrowed the entries down to 74 finalists in 24 categories.

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8 Simple Ways to Incorporate Universal Design

Filed in 55+ Housing, Design, Education, Multifamily by on October 11, 2019 1 Comment
8 Simple Ways to Incorporate Universal Design

Universal design is often mistaken for catering to an aging demographic, in part because of its focus on accessibility. Features such as grab bars and wider doorways may be common, but the principle of universal design is applicable to buyers of any demographic.

Learn more at NAHB’s “Rethinking Universal Design” webinar on Nov. 13.

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White House Launches Opportunity Zones Website

Filed in Multifamily, Tax Reform Toolkit by on October 1, 2019 0 Comments
White House Launches Opportunity Zones Website

The White House has announced a new website designed to serve as an information hub for the opportunity zones initiative established as part of the Tax Cuts and Jobs Act of 2017.

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How Emerging Fair Housing Issues May Affect LIHTC Properties

Filed in Education, Multifamily by on September 26, 2019 0 Comments
How Emerging Fair Housing Issues May Affect LIHTC Properties

NAHB’s Fair Housing: Addressing the Issues Facing LIHTC Properties webinar on Thursday, Oct. 10, at 2-3 p.m. ET will offer practical guidance on how to identify and address reasonable accommodation requests, including debunking some of the myths that lead managers to believe they can never say “no” to a request.

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Housing Starts Post Healthy Gains in August

Filed in Economics, Multifamily by on September 18, 2019 0 Comments
Housing Starts Post Healthy Gains in August

Led by a surge in multifamily production, total housing starts rose 12.3% in August to a seasonally adjusted annual rate of 1.36 million units from an upwardly revised reading in July, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007.

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FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

Filed in Housing Finance, Multifamily by on September 13, 2019 0 Comments
FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $100 billion for each enterprise for the five-quarter period from the final quarter of 2019 all the way through 2020. The new caps apply to all multifamily business, with no exclusions.

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