Multifamily NW Sues Portland over UnFAIR ordinances
On February 20, Multifamily NW filed suit against the City of Portland to stop the “Fair Access In Renting” (FAIR) ordinances related to resident screening and security deposit rules from taking effect. The ordinances have severe consequences for…
Source of Income: Wins and Losses for the Apartment Industry
In March, Virginia joined 16 other states and 85 localities in adding “source of income” (SOI) protections to their fair housing laws. Source of income laws are well-intended to prohibit discrimination against individuals who receive housing…
How One Company is Keeping its Employees
The CARES Act helps one asset manager keep its platforms intact as it waits for things to turn.This is the seventh in a recurring series of articles looking at how apartment owners, managers and developers have mobilized to protect themselves and…
Nurturing Culture During a Crisis
One executive sees the COVID-19 shutdown fostering changes in how people work.When the COVID-19 pandemic hit, the management team at Cardinal Group knew it would need to make a lot of important decisions. And some of them wouldn’t be correct.“For us…
Replenished Paycheck Protection Program Faces Same Challenges
On April 24, President Trump signed into law The Paycheck Protection Program (PPP) and Healthcare Enhancement Act (HR 266), allocating an additional $310 billion to the lending program administered by the Small Business Administration (SBA). The…
Rental Assistance Gets Bipartisan Nod, Gains Momentum as States Reopen
As Americans continue to grapple with our new normal, states throughout the nation are discussing how, if not already preparing, to reopen the economy amid COVID-19. Lawmakers, health officials and economic experts are together developing complex…
Deal Volume Falls in March as Coronavirus Looms
January and February drove volume before March problems arose.January and February started off as strong months for apartment transactions. Overall, the first quarter was flat from Q1 2019 with stable prices. “The economic crisis brought on by the…
Making it Work: Managing Multifamily Construction in a Volatile Environment
How to accurately bid and complete multifamily projects amid ongoing economic and labor challenges, and problem-solve along the way. According to the U.S. Census Bureau, construction spending amounted to $237.8 billion during the first two…
Report Primer: Economic Contribution of IRC Section 1031 Like-Kind Exchanges to the US Economy
Like-kind exchanges play a critical role in supporting multifamily housing and contributing to the U.S economy, and this primer provides a look at top-line findings of a soon-to-be-released NAA- and NMHC-sponsored study. Like-kind exchanges are…
NAA and NMHC Respond to SEC’s Proposed Cybersecurity Risk Management and Disclosure Rule
As federal policymakers sharpen their focus on cybersecurity, NAA and NMHC are working to ensure the apartment industry’s business operations are understood and accounted for in any proposed rules or legislation. According to U.S. intelligence…