Multifamily

Addressing the Needs of Middle-Income Seniors

Filed in 55+ Housing, Housing Affordability, Multifamily by on July 27, 2020 3 Comments
Addressing the Needs of Middle-Income Seniors

The “missing middle” of seniors have too much income to qualify for public assistance, but they are not affluent enough to access different housing choices or personal services. So how does the home building industry provide the kind of housing this population wants and needs?

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A Vital Lifeline for the Production of Affordable Housing

Filed in Economics, Housing Affordability, Multifamily by on July 23, 2020 4 Comments
A Vital Lifeline for the Production of Affordable Housing

The Low-Income Housing Tax Credit (LIHTC) plays a critical role in the housing market by ensuring a supply of attainable rental housing. And with the nation in the midst of a housing affordability crisis and struggling with the COVID-19 pandemic, the LIHTC is more important than ever.

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NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

Filed in Advocacy, Disaster Response, Multifamily by on July 20, 2020 2 Comments
NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

As Congress begins work on its next coronavirus relief package, NAHB is urging lawmakers to include several provisions in the legislation that will provide relief to American home owners and renters, along with small and medium-sized residential construction businesses and multifamily owners and developers.

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Single-Family Starts and Permits Post Double-Digit Gains in June

Filed in Economics, Multifamily by on July 17, 2020 1 Comment
Single-Family Starts and Permits Post Double-Digit Gains in June

Led by solid single-family production, total housing starts increased 17.3% in June to a seasonally adjusted annual rate of 1.19 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

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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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