Multifamily

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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How to Maximize Your Relationships to Optimize High-Performance Projects

Filed in Multifamily, Sustainability & Green Building by on December 10, 2019 0 Comments
How to Maximize Your Relationships to Optimize High-Performance Projects

Partnering with an NGBS verifier from the start can optimize your next high-performance project — single or multifamily — while also increasing cost effectiveness. Two builder/verifier teams will discuss how they leverage their relationship to build better performing homes at IBS’ High Performance Building Zone at a Green Beer and Banter session on Tuesday, Jan. 21.

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Multifamily Builder and Developer Confidence Weakens Slightly in Third Quarter

Filed in Economics, Multifamily by on November 21, 2019 0 Comments
Multifamily Builder and Developer Confidence Weakens Slightly in Third Quarter

Confidence in the market for new multifamily housing weakened slightly in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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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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