Multifamily

Creating Your Tax Credit Compliance Calendar

Filed in Education, Multifamily by on September 20, 2017 0 Comments
Creating Your Tax Credit Compliance Calendar

Housing Credit Certified Professionals and anyone involved in tax credit compliance for multi-unit housing will learn to plan ahead and take control of their tax credit deadlines with the tools offered in this upcoming webinar.

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HUD Proposes 2018 Difficult Development Areas, Qualified Census Tracts

Filed in Housing Finance, Multifamily by on September 12, 2017 0 Comments

HUD published a Federal Register notice Monday that designates Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for 2018.

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New FHA Multifamily Mortgage Insurance Applications Halted in Texas Disaster Areas

Filed in Multifamily by on September 8, 2017 0 Comments
New FHA Multifamily Mortgage Insurance Applications Halted in Texas Disaster Areas

NAHB has learned that HUD has sent a directive to all of its multifamily regional center directors stating that effective immediately the agency will not accept new applications for FHA multifamily mortgage insurance in the counties impacted by Hurricane Harvey and designated as Presidentially Declared Disaster (PDD) areas.

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Apartment and Condominium Market Bounces Back to Trend in Second Quarter

Filed in Housing Trends, Multifamily by on August 24, 2017 0 Comments
Apartment and Condominium Market Bounces Back to Trend in Second Quarter

The Multifamily Production Index posted a gain of eight points in the second quarter, while the Multifamily Vacancy Index fell three points, showing fewer vacancies.

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Single-Family Starts Hold Steady in July

Filed in Economics, Home Building, Multifamily by on August 16, 2017 0 Comments
Single-Family Starts Hold Steady in July

Nationwide housing starts fell 4.8% in July to a seasonally adjusted annual rate of 1.16 million units, according to newly released data from HUD and the Commerce Department. Single-family production slipped 0.5% in July to a seasonally adjusted annual rate of 856,000 after a strong, upwardly revised June reading.

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NAHB Applauds President Trump’s Order Rescinding Overreaching Flood Standard

Filed in Codes and Regulations, Environmental, Multifamily by on August 15, 2017 10 Comments

In response to the charge led by NAHB and as part of an Executive Order to expedite federal approval for infrastructure projects, President Trump today revoked Obama’s flawed EO 13690 and the Federal Flood Risk Management Standard

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HUD Announces 2-Year Suspension of Small Area Fair Market Rents

Filed in Codes and Regulations, Multifamily by on August 11, 2017 1 Comment
HUD Announces 2-Year Suspension of Small Area Fair Market Rents

In a move that should be beneficial to multifamily builders, HUD has announced a two-year-suspension in the use of Small Area Fair Market Rents as a guideline for public housing agencies in determining their subsidy payment standards in the Housing Choice Voucher program.

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HUD Report Shows Housing Affordability Crisis is Worsening

Filed in Multifamily by on August 10, 2017 0 Comments
HUD Report Shows Housing Affordability Crisis is Worsening

HUD released a report to Congress on Aug. 9 entitled Worst Case Housing Needs 2017 which found that 8.3 million households had “worst-case housing needs” in 2015, meaning they are very low-income renters who do not receive government housing assistance and paid more than half their income for rent, lived in severely inadequate conditions, or both.

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LIHTC a ‘Lifeline’ for these Vets

Filed in Councils & Committees, Multifamily by on August 4, 2017 0 Comments
LIHTC a ‘Lifeline’ for these Vets

Developers of affordable housing know that the Low Income Housing Tax Credit is the lifeline that pulls vets and their families out of a cycle of poverty and into jobs, economic independence and a more meaningful life. It also means a safer, more affordable place for seniors and those with disabilities. Here’s how it works.

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Cantwell-Hatch Bill Would Help Ease Affordable Housing Crisis

Filed in Capitol Hill, Multifamily by on August 1, 2017 1 Comment
Cantwell-Hatch Bill Would Help Ease Affordable Housing Crisis

NAHB today called on Congress to pass the Affordable Housing Credit Improvements Act of 2017 (S. 548), legislation that would promote the construction of sorely needed rental apartments and help alleviate the nation’s affordable housing crisis.

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