Multifamily
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.
Unique Reuse Project and Green-Focused Developer Receive Top Honors at Multifamily Pillars Awards
Parcels at Concourse in Memphis, Tenn., was named Multifamily Community of the Year and Gables Residential, based in Atlanta, was named Multifamily Development Firm of the Year by NAHB as part of its 2018 Multifamily Pillars of the Industry Awards.
4 Cities Added to LIHTC Maps
NAHB has added Detroit, San Diego, Tampa, Fla., and Minneapolis to its exclusive series of maps detailing metro areas where the Low-Income Housing Tax Credit (LIHTC) is used to develop new affordable homes and apartments.
HUD Lays Out Priorities to Address Shutdown Backlog
HUD has issued two memos that lay out its priorities to address the backlog of activities caused by the government shutdown.
Local Association Urges State to Address Region’s Housing Shortage
Affordable housing has been an ongoing concern across the United States, but has hit high-growth metropolitan areas such as San Francisco and Seattle particularly hard. The Master Builders Association of King and Snohomish Counties calls for greater action by Washington State to address affordable housing issues.
Shutdown Impacts Multifamily Housing Programs
The partial government shutdown, now well into its third week, is having an impact on HUD multifamily programs, as the agency’s spending authority expired on Dec. 21, 2018.
Northern Virginia Builder Embraces the Value of NGBS
Craig Havenner recognizes the benefits of building to the National Green Building Standard. As president of Christopher Companies in Northern Virginia, Havenner has built more than 450 units to the NGBS, and two more of his properties under development are on their way to meeting the standard.
Trump Signs Executive Order on Opportunity Zones
President Trump yesterday signed an executive order to spur more investment in opportunity zones, a new type of economic development incentive created by the Tax Cuts and Jobs Act of 2017.