Tag: multifamily

The Future of Multifamily Design

Filed in Design, Disaster Response, Multifamily by on June 3, 2020 8 Comments
The Future of Multifamily Design

The COVID-19 pandemic has forced residents to look at a number of their everyday experiences — including the way they live. In multifamily developments, the areas of real changes will occur based on two components: health and safety protocols, and consumer demands.

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How the Multifamily Industry Is Adapting to COVID-19 Compliance Challenges

Filed in Education, Multifamily by on May 27, 2020 0 Comments
How the Multifamily Industry Is Adapting to COVID-19 Compliance Challenges

The COVID-19 pandemic has affected multiple facets of both business and day-to-day life. Multifamily properties experience a unique challenge in that they combine both under the same roof — business operations as well as residential life — along with a host of other components, such as common areas and amenities, as well as the compliance requirements to operate the facility. On Wednesday, June 3, NAHB will host a webinar to highlight best practices in property management and compliance and provide action plans for the COVID-19 crisis.

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Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

Filed in Economics, Multifamily by on May 21, 2020 0 Comments
Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

Confidence in the market for new multifamily housing weakened significantly in the first quarter of 2020, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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NAHB Urges Congress to Support Affordable Housing, LIHTC in Next Package

Filed in Capitol Hill, Disaster Response, Multifamily by on May 7, 2020 2 Comments
NAHB Urges Congress to Support Affordable Housing, LIHTC in Next Package

NAHB, as part of the A Call To Invest in Our Neighborhoods (ACTION) Coalition, sent to congressional leaders a letter urging them to stabilize the affordable housing system by including provisions to support the Low-Income Housing Tax Credit (LIHTC) and mitigate the damage to affordable housing production that is already occurring as a result of the COVID-19 crisis.

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Developer-Nonprofit Partnership Provides Affordable, Accessible Housing

Filed in Awards, Multifamily by on May 5, 2020 1 Comment
Developer-Nonprofit Partnership Provides Affordable, Accessible Housing

Lawson Companies partnered with two nonprofits to purchase and redevelop two buildings into higher-density affordable housing serving people with disabilities.

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Multifamily: Coronavirus Affecting Rent Collection, Plan Reviews

Filed in Economics, Multifamily by on April 15, 2020 0 Comments
Multifamily: Coronavirus Affecting Rent Collection, Plan Reviews

An online survey conducted by NAHB between April 3 and April 9 reveals that 90% of multifamily developers said the coronavirus has had an adverse effect on how long it takes to obtain a plan review for a typical multifamily building, and 88% said it has had an adverse effect on timely collection of rent payments. 

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HUD Issues Guidance on Multifamily Mortgage Forbearance Under the CARES Act

HUD Issues Guidance on Multifamily Mortgage Forbearance Under the CARES Act

HUD has released two letters to provide guidance to borrowers and lenders during the COVID-19 pandemic. The first letter provides guidance for implementing the CARES Act multifamily mortgage forbearance provisions for FHA-insured multifamily loans. The second letter is a separate guidance to mitigate risks for FHA insured Section 223(f) refinancing loans.

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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. 

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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.

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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.

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