FHA raises large multifamily loan threshold

Loans of up to $120 million are now eligible for standard underwriting.

By Mary Salmonsen • July 9, 2023

How to apply for GRRP funds

The $4.8 billion Green and Resilient Retrofit Program offers developers and owners direct grants and loans to improve HUD-assisted properties.

By Donald Bernards • June 29, 2023

Greystar named in wrongful death suit

Michael Delgado’s family alleges that the company ignored a weather advisory and didn’t properly secure materials at its Austin jobsite before his death.

By Leslie Shaver • June 28, 2023

What condo owners, developers can learn from the Surfside collapse

Overdue repairs on multifamily buildings are a recipe for disaster, writes construction risk management expert Don Neff.

By Don Neff • June 27, 2023

HUD awards funding for green, resilient retrofit projects

The first round of the $4.8 billion GRRP covers upgrades for 28 rent-assisted properties.

By Mary Salmonsen • Updated Sept. 15, 2023

Champlain Towers’ pool deck not up to code, NIST officials say

Investigators said Thursday that the pool deck at the Surfside, Florida, condo that collapsed in 2021 was corroded and improperly reinforced. 

By Zachary Phillips • June 16, 2023

NMHC: Multifamily insurance costs up 26%

Property coverage has become much more expensive in recent years, according to a new report from the National Multifamily Housing Council.

By Jennifer Goodman • June 8, 2023

Lawmakers urge HUD to prohibit biometric recognition tech in federally funded housing

Concerns include racial bias and harassment for minor rule violations.

By Mary Salmonsen • June 2, 2023

Supreme Court narrows WOTUS definition

The high court curtailed the jurisdiction of the federal government under the Clean Water Act while effectively negating a recent Biden administration rule. 

By Joe Bousquin • May 30, 2023

Essex predicts rebound in West Coast markets

Although it is monitoring other areas for expansion, the REIT is comfortable with its regional focus, according to CEO Angela L. Kleiman.

By Leslie Shaver • May 17, 2023

REITs defend themselves against RealPage pricing model lawsuit

On recent earnings calls, Equity Residential and Essex Property Trust executives said the allegations in the class-action suit were without merit.

By Leslie Shaver • May 16, 2023

Camden’s move-outs to homeownership drop amid strong rent growth

Even though more than 400,000 new units are expected to hit its markets in the next two years, the REIT downplayed the impact of new supply on a recent earnings call.

By Leslie Shaver • May 15, 2023

Business, multifamily leaders urge quick resolution to looming debt ‘catastrophe’

President Joe Biden and congressional leaders will continue talks on Friday as the threat of a default on the country’s $31.4 trillion debt grows.

By Jennifer Goodman • May 12, 2023

New hurricane-focused codes on the horizon for Florida

Developers in the Sunshine State can expect much stronger building and land use regulations in the wake of Hurricane Ian, according to a construction expert. 

By Don Neff • April 20, 2023

Oceanfront condo project halted by Daytona Beach officials

The city expressed concerns about progress and safety issues at Protogroup’s 31-story condominium project, which has been under construction since 2018.

By Leslie Shaver • April 18, 2023

The country’s most EV-friendly metros

While only 4.7% of multifamily buildings nationwide offer electric vehicle charging stations, the concentration varies widely from place to place.

By Mary Salmonsen • April 10, 2023

Less-restrictive zoning can increase supply of market-rate housing, new research shows

But other strategies may be needed to boost affordable housing, according to a first-of-its-kind Urban Institute study.

By Michael Brady • April 4, 2023

Banking turmoil may trigger recession: Fannie Mae

Small- and mid-size banks will likely tighten credit in the coming months, increasing the odds of a downturn this year, economists said.

By Jim Tyson • March 27, 2023

Los Angeles developer eyes 10,000 affordable units

By tweaking tax credit policy, Eddie Lorin thinks legislators can help stimulate more apartment development.

By Leslie Shaver • March 23, 2023

Will banking woes drag down commercial real estate?

Given the current economic climate, the dominant outlook is that things might get worse, but there is a silver lining, writes proptech executive David Bitton.

By David Bitton • March 23, 2023

New NMHC president wants to see middle-income housing tax credit for developers

In a pivotal time for multifamily, Sharon Wilson Géno outlines the organization’s legislative priorities.

By Mary Salmonsen • March 21, 2023

Bank failures cause uncertainty for contractors

The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.

By Sebastian Obando • March 16, 2023

Failed Signature Bank had a deep reach in the NYC rental market

The lender funded approximately 3,000 apartment buildings in the city, according to one source.

By Leslie Shaver • March 14, 2023

Senators urge DOJ to investigate RealPage

The group of legislators recently wrapped up an investigation of the firm’s rent-setting software.

By Leslie Shaver • March 8, 2023

Tech sector layoffs, eviction concerns stymie Essex’s growth

The REIT continues to make progress on its centralized property functions and revenue management system, it said during a recent earnings call.

By Leslie Shaver • Feb. 13, 2023