Multifamily

DHS Designates Residential Construction as ‘Essential Infrastructure Business’

DHS Designates Residential Construction as ‘Essential Infrastructure Business’

In a critical win for NAHB and the residential construction sector, the Department of Homeland Security (DHS) today designated construction of single-family and multifamily housing as an “Essential Infrastructure Business.”

Continue Reading »

Congress Approves $2.2 Trillion Economic Stimulus Package

Congress Approves $2.2 Trillion Economic Stimulus Package

Congress has approved a $2.2 trillion economic stimulus package in response to the coronavirus pandemic that has wreaked havoc on the U.S. economy. The CARES Act includes several provisions to help small businesses and those engaged in the residential construction sector.

Continue Reading »

4 Factors You Should Know When Marketing to Gen Z

4 Factors You Should Know When Marketing to Gen Z

Described as the “selfie generation,” Generation Z currently comprises 26% of the U.S. population. By 2020, Gen Zers will command nearly 40% of all consumer shopping and are primary drivers of their parents’ purchasing decisions. Here’s what you need to know to capture their attention.

Continue Reading »

Multifamily Owners, Renters to Receive FHFA Support

Multifamily Owners, Renters to Receive FHFA Support

The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus. 

Continue Reading »

Learn About Income Limits and Utility Allowance Changes in LIHTC Housing

Filed in Education, Multifamily by on March 20, 2020 0 Comments
Learn About Income Limits and Utility Allowance Changes in LIHTC Housing

There have been significant changes to the way the income of tenants is calculated for units using Low-Income Housing Tax Credits (LIHTC). In addition, formulas for utility allowances have changed. Many multifamily developers and managers need to be aware of these important changes.

Continue Reading »

A Message from NAHB’s Chair: Working with the White House to Provide Housing Stimulus

A Message from NAHB’s Chair: Working with the White House to Provide Housing Stimulus

With the coronavirus hitting all sectors of the economy, NAHB is working diligently to mitigate its effects on the residential construction sector. In a recent call to the White House, we discussed several strategies to provide needed aid and stimulus to the housing sector in the wake of the coronavirus threat.

Continue Reading »

San Diego Builders Help Defeat Anti-Housing Ballot Measure

San Diego Builders Help Defeat Anti-Housing Ballot Measure

A diverse coalition led by the Building Industry Association (BIA) of San Diego County and local REALTORS® defeated a March 3 ballot measure that could have limited housing development in rural areas of San Diego County, Calif.

Continue Reading »

Strategy is Key to Multifamily Developer’s Success

Filed in Awards, Multifamily, Sustainability & Green Building by on February 28, 2020 0 Comments
Strategy is Key to Multifamily Developer’s Success

Multifamily developers doing business in 2011 were either surviving the recession or were quickly becoming a victim of it. Charlotte, N.C.-based Crescent Communities had advantages that helped it survive.

Continue Reading »

Senior Community Meets Affordability Needs Through High-Performance Building

Filed in Awards, Multifamily, Sustainability & Green Building by on February 13, 2020 1 Comment
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.

Continue Reading »

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.

Continue Reading »