Multifamily

Senior Community Meets Affordability Needs Through High-Performance Building

Filed in Awards, Multifamily, Sustainability & Green Building by on February 13, 2020 0 Comments
Senior Community Meets Affordability Needs Through High-Performance Building

HANAC Corona is the first affordable senior community in the country to meet the stringent European standards for Passive House construction. The community’s attention to energy efficiency and sustainability earned it the 2019 NAHB Multifamily Pillars of the Industry Best in Green Affordable Multifamily Community Award.

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IRS Provides Clarity on LIHTC Income Limits

Filed in Economics, Multifamily by on February 11, 2020 0 Comments
IRS Provides Clarity on LIHTC Income Limits

The Internal Revenue Service recently released revenue ruling 2020-4 that instructs taxpayers how to calculate Low-Income Housing Tax Credit (LIHTC) income limits should they choose to use the income averaging minimum set-aside test to meet LIHTC eligibility and compliance requirements.

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Final Opportunity Zone Regulations Provide Clarity but Add Complexity

Filed in Multifamily, Tax Reform Toolkit by on February 4, 2020 0 Comments
Final Opportunity Zone Regulations Provide Clarity but Add Complexity

In late December, the Treasury Department and Internal Revenue Service released the final regulations on investing in qualified opportunity funds, which clarify many key issues regarding investments in opportunity zones and how to qualify for the associated tax benefits. NAHB has reviewed the final regulations and updated its frequently asked questions webpage to note key issues related to real estate investments.

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New App Helps Builders Meet Accessibility Requirements of Fair Housing Act

Filed in Codes and Regulations, Multifamily by on January 24, 2020 2 Comments
New App Helps Builders Meet Accessibility Requirements of Fair Housing Act

NAHB unveiled the Pocket Guide to the Fair Housing Act, a free app designed to help home builders, contractors and designers meet the accessibility requirements of the act.

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Demand for Apartments Will Fuel the Multifamily Sector in 2020

Filed in Economics, Multifamily by on January 22, 2020 3 Comments
Demand for Apartments Will Fuel the Multifamily Sector in 2020

Apartment production has returned to pre-recession levels and vacancies are low, but more new apartment homes are needed, according to experts participating in a press conference today during the NAHB International Builders’ Show in Las Vegas.

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Community, Development Firms of the Year Named in 2019 NAHB Multifamily Pillars Awards

Filed in Awards, Multifamily by on January 22, 2020 0 Comments
Community, Development Firms of the Year Named in 2019 NAHB Multifamily Pillars Awards

Modera Sedici in Washington, D.C., was named Multifamily Community of the Year, and Crescent Communities in Charlotte, N.C., was named Multifamily Development Firm of the Year by the National Association of Home Builders (NAHB) Multifamily Pillars of the Industry Awards for 2019.

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HUD Proposes New ‘Affirmatively Furthering Fair Housing’ Rule

Filed in Codes and Regulations, Multifamily by on January 10, 2020 0 Comments
HUD Proposes New ‘Affirmatively Furthering Fair Housing’ Rule

HUD announced a new proposed Affirmatively Furthering Fair Housing (AFFH) rule this week that represents a significant departure from the Obama-era final rule released in 2015.

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Terrorism Risk Insurance Extended for 7 Years

Filed in Capitol Hill, Multifamily by on January 7, 2020 0 Comments
Terrorism Risk Insurance Extended for 7 Years

In a win for multifamily developers, Congress approved an NAHB-supported provision that reauthorizes the Terrorism Risk Insurance Act (TRIA) for seven years through Dec. 31, 2027 as part of fiscal 2020 appropriations legislation that was approved at the end of the year.

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HUD to Replace REAC Inspections With a New Protocol – NSPIRE

Filed in Multifamily by on December 26, 2019 0 Comments
HUD to Replace REAC Inspections With a New Protocol – NSPIRE

The Department of Housing and Urban Development (HUD) is overhauling its Real Estate Assessment Center physical inspection protocol due to negative press reports about substandard subsidized properties and HUD’s concerns that owners are “gaming the system” to make minimal repairs to pass inspections.

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IRS and Treasury Finalize Opportunity Zone Regulations

Filed in Codes and Regulations, Multifamily by on December 20, 2019 0 Comments
IRS and Treasury Finalize Opportunity Zone Regulations

The Internal Revenue Service has issued final regulations providing details about investment in qualified opportunity zones.

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