Multifamily
Workforce Housing Project Revitalizes Urban Neighborhood
The mission of Oxford Mills was to create a vibrant, synergistic, education-based community of teacher housing and nonprofit organizations. Ninety of the apartments are rented to residents earning up to 80 percent AMI, with 68 of those reserved for area teachers.
Treasury Announces New Opportunity Zone Regulations
The U.S. Treasury Department today issued its second set of proposed regulations related to the new opportunity zones tax incentive established as part of the Tax Cuts and Jobs Act of 2017.
NAHB Resources Available to Help Navigate Opportunity Zones
Established as part of the Tax Cuts and Jobs Act of 2017, opportunity zones provide tax incentives for investors with capital gains to invest in underserved areas affected by poverty and unemployment. However, as a new tax incentive, many building industry members are still unclear on how to take advantage of this incentive. Learn more about the resources available through NAHB.
How Modular Construction Can Benefit Multifamily Developments
Modular construction is a hot topic within the construction industry as a potential solution to labor shortages and rising costs — and, subsequently, housing affordability — because of the speed and efficiency with which these structures can be built. Multifamily developers interested in learning how to adopt this practice in their businesses can learn more from an experienced multifamily builder member in a March 27 webinar.
NAHB Opposes House and Senate Bills to Eliminate Carried Interest
Sen. Tammy Baldwin (D-Wis.) and Rep. Bill Pascrell (D-N.J.) last week introduced the Carried Interest Fairness Act of 2019, which would impose a major tax increase on real estate by generally requiring carried interest to be classified as ordinary income rather than a capital gain.
HUD Lawsuit Reinforces Right to Emotional Support Animals under Housing Laws
The U.S. Department of Housing and Urban Development (HUD) last week announced the approval of a conciliation agreement with a housing provider in San Francisco over allegations of housing discrimination. The agreement resolved a lawsuit filed by a disabled tenant alleging he was denied the opportunity to rent because he had an emotional support animal.
Navigating Housing’s Complicated Marijuana Legal Landscape
Although marijuana may be legal in certain states, it is still illegal federally, which has caused uncertainty around legal restrictions. Learn the facts in the March 21 webinar, “How Do I Maneuver through the Issues that Marijuana May Bring?”
HUD to Radically Cut Advance Notice of Housing Inspections
HUD has announced it is dramatically reducing the advance notice it provides to public housing authorities and private owners of HUD-subsidized apartment developments before inspections to 14 days.
Multifamily Builder and Developer Confidence Weakens Slightly in Fourth Quarter
Confidence in the market for new multifamily housing weakened slightly in the fourth quarter, according to results from the Multifamily Market Survey (MMS) released today by NAHB.
Multifamily Housing Production to Start Leveling Off
While multifamily housing starts in 2018 came very close to the sector’s 2015 peak, production levels are expected to moderate somewhat in 2019 and will stabilize in a range that that is considered normal, according to NAHB analysis at a press conference today during the NAHB International Builders’ Show in Las Vegas.