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The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement today in regards to a statement submitted to the Chair and Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs in regards to the hearing entitled, Reauthorization of the National Flood Insurance Program, Part I
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the apartment industry’s letter in support of the Trump administration’s commitment to regulatory reform
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following President Trump’s Address to a Joint Session of Congress. “We support President Trump’s efforts to strengthen economic growth and expand job creation.
The National Multifamily Housing Council (NMHC), which represents the leadership of the $1.3 trillion apartment industry, has chosen Shelters to Shutters as their designated beneficiary charity for 2017. Shelters to Shutters (S2S) is a national 501(c)3 organization that transitions individuals and families from homelessness to economic self-sufficiency by educating and engaging the real estate industry to provide employment and housing opportunities. NMHC and its members have raised more than $1.3 million for charities since 2012
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement to congratulate Dr. Ben Carson on his nomination to serve as Secretary of the Department of Housing and Urban Development (HUD)
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement in response to Senate Finance Committee Ranking Member Ron Wyden's (D-OR) proposal to create a Middle-Income Housing Tax Credit (MIHTC), which would work in conjunction with the Low-Income Housing Tax Credit (LIHTC) for the development of affordable rental homes:
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A new foundation dedicated to apartment industry research has raised over $2.25 million in cash commitments from NMHC members to kick start the next generation of industry insight and analysis. Created by the National Multifamily Housing Council (NMHC), the new NMHC Research Foundation will address critical voids in apartment data and raise the industry’s standard of performance.
New Hanover County and the City of Wilmington’s Ad Hoc Committee on Improving Workforce/Affordable Housing will hold its first meeting on Tuesday, August 30, 2016 at 11 a.m. The meeting will take place in the Azalea Room at New Hanover County’s Executive Development Center, located at 1241 Military Cutoff Road, Wilmington, NC 28403.
The National Multifamily Housing Council (NMHC) will spotlight key multifamily challenges and elevate housing policy on the national agenda at the Republican and Democratic National Conventions.
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released in response to the passage of “The Housing Opportunity Through Modernization Act” in Congress
Record renter demand continues to fuel apartment industry growth, as evidenced in the National Multifamily Housing Council’s (NMHC) newly released 2016 NMHC 50, the authoritative ranking of the country’s largest apartment owners, managers, developers and contractors. This year’s lists showed many of the industry’s heaviest hitters shoring up their positions and balancing their portfolios as both new and smaller industry players looked to aggressively capture market momentum and move up the ranks.
Without leadership and effective policy from lawmakers, the nation will continue to fall short of meeting the growing demand for affordable multifamily housing. This was the key takeaway from today’s congressional testimony by Clyde Holland, chairman and CEO of Holland Partner Group, on behalf of the National Multifamily Housing Council and the National Apartment Association.
For the first time, the Consumer Financial Protection Bureau (CFPB) entered the data security enforcement arena, announcing that ittook action against online payment platform Dwolla. Dwolla collects and stores personally identifiable information, including customers’ names, dates of birth, Social Security numbers and banking information. NMHC has been following cyber policy and regulatory developments carefully because of the highly sensitive personally identifiable information that firms and their service providers collect.
The apartment industry is off and running this year. We are building on the momentum from our tremendous success in 2015. So we wanted to take a moment to look back at last year’s key accomplishments and what they mean for the industry.
A wide-range of multifamily focused building codes that will be included in the International Code Council’s (ICC) 2018 edition opened for Online Voting on February 8. NMHC/NAA provided detailed recommendations on codes related to fire safety, emergency exits, building accessibility and much more. Building codes and industry standards have an important role in the apartment sector by establishing minimum requirements for the design, construction, alteration and maintenance of apartment buildings
Two recent studies are highlighting the economics of home sharing services like Airbnb and HomeAway. The first study is from Airbnb and details, in part, how its services benefit cities and communities nationwide. But the second study from PennState entitled, “From Air Mattresses to Unregulated Business: An Analysis of the Other Side of Airbnb,” finds that multiple-unit operators and full-time operators are a growing percentage of total Airbnb hosts.
On December 18, the Federal Housing Finance Agency (FHFA) issued a proposed rule that would implement the long delayed “Duty to Serve” rules for Fannie Mae and Freddie Mac (the GSEs). The proposal requires them to adopt plans to improve mortgage financing for residential properties that serve very low-, low-, and moderate-income families in three underserved markets: manufactured housing, affordable housing preservation and rural markets.
Apartment Industry Applauds FHA Move to Cut Multifamily Mortgage Insurance Rates, Boost Affordable Housing
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released in response to the Federal Housing Administration’s decision to cut multifamily mortgage insurance rates and increase affordable housing
All four indexes in the January 2015 National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions fell below the breakeven level of 50, indicating a decline over the past quarter. The last time Market Tightness (47), Sales Volume (46), Equity Financing (46) and Debt Financing (37) all landed below 50 was in October 2013.
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released prior to President Obama’s State of the Union address
HUD proposed a new fair housing rule this past fall that provides guidance on “quid pro quo” and hostile environment harassment. This occurs when an individual in a protected class –relating to race, sex and disability – is subjected to unwelcome demands as a condition of their housing or when they are exposed to conduct that interferes with their ability to enjoy housing
The rise of apartment living is changing communities, driving new development and raising the expectations for the amenities and services offered to the 38 million people in the U.S. who call an apartment home. From walkable neighborhoods to on-site fitness classes, package pick-up solutions to online rent payments and more, new data from the largest-ever survey of apartment residents gives a detailed picture of what apartment residents want—and even what they’d expect to pay for it.
On November 12, HUD announced a proposed rule that would prohibit smoking in public housing nationwide due to the dangers of second-hand smoke. The proposal could impact about one million households. Importantly, the ban would extend to outdoor areas, including up to 25 feet of common areas and administrative office buildings. Critics charge that the ban is yet another challenge for the already burdened public housing agencies.
On November 1, NMHC/NAA provided a comprehensive overview of the affordable challenges facing the country for House Financial Services Committee Chairman Jeb Hensarling (R-TX) in response to his call for solutions and his recent series of hearings on affordable housing. We emphasized that demand for apartments across the nation is outstripping supply and offered numerous related recommendations.
Congress is poised to approve a federal budget this week that would include a dramatic overhaul of the way real estate partnerships are audited, including multifamily. Specifically, this two-year bipartisan budget deal approved by the White House and congressional leaders would set discretionary spending levels through 2017 and increase the nation’s debt ceiling. With this overhaul, lawmakers are trying to address the fact that large real estate partnerships are audited at much lower rates than their C corporation counterparts. They have simplified the audit process in the budget deal because they believe it will capture more tax revenues.
Apartment market conditions improved across all four indexes of the Q3 National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. The market tightness (53), sales volume (53), equity financing (52) and debt financing (54) indexes all landed above the breakeven level of 50, indicating growth over the past three months.
There was wheeling and dealing and much more during the 2015 NMHC Student Housing Conference & Exposition, as 700 of student housing's leading owners and managers; developers; lenders and brokers; and service providers gathered at the Arizona Biltmore in Phoenix for the three-day event. The event's Student Housing Emerging Leaders program, headed by Collier Companies CEO Andy Hogshead, also provided an opportunity for up-and-coming student housing stars to further their professional development with valuable industry insight and connections
Over the past few years, there’s been a lot of student housing development activity. So many of the available, truly pedestrian-to-campus locations have already been snapped up. However, despite the scarcity of opportunity sites, investor and industry preference remains for these infill locations so there is a willingness to bid more for the site, resetting land prices with every deal.
The student housing sector’s solid fundamentals and positive outlook continues to gain the attention of capital sources. Both debt and equity are widely available as traditional sources of capital mix with newly available debt and equity vehicles. More institutional players are active and a lot of foreign capital is coming in through them or directly through joint ventures with local operators. Similarly, well capitalized, large homebuilders and military housing contractors are also entering the space