Yearly Archives: 2017
BOMA 360 BUILDINGS OUTPERFORM COMPETITION IN TENANT SATISFACTION
According to new analysis by Kingsley Associates, buildings that have earned the BOMA 360 Performance Program® designation have higher tenant satisfaction scores in all 55 rating areas as compared to commercial office buildings without the BOMA 360 designation.
Subcommittee Reviews Family Self-Sufficiency Program
The Subcommittee on Housing and Insurance held a hearing today to examine the Family Self-Sufficiency Program (FSS), a program that enables HUD-assisted families to increase their earned income and reduce their dependency on welfare assistance and rental subsidies.
MBA Welcomes 14 New Members in August
The Mortgage Bankers Association (MBA) announced that in August it welcomed 14 new regular members to its ranks, which currently numbers more than 2,200 member companies. MBA welcomes the following new members
Apartment Industry Statement on “Big 6” Tax Reform Outline
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following the release of the tax reform outline by the “Big 6”.
“NMHC/NAA welcome the release of the Republican tax reform framework and applaud the efforts by lawmakers
MBA Statement on Passage of Bipartisan Flood Insurance Title in FAA extension
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement applauding the House of Representatives for passing bipartisan, bicameral, clarifying language to increase acceptance of private flood insurance products as part of the Disaster Tax Relief and Airport and Airway Extension Act of 2017.
HUD AWARDS $4.2 MILLION IN RESEARCH GRANTS TO REDUCE HOUSING-RELATED HEALTH HAZARDS
Department of Housing and Urban Development (HUD) today awarded $4.2 million to eight universities and public health organizations to develop new and improved methods to identify and control residential health hazards including lead-based paint, mold, radon and pest infestations.
CONSTRUCTION SPENDING INCREASES IN MOST CATEGORIES FROM JULY TO AUGUST BUT YEAR-OVER-YEAR CHANGES ARE...
Association Officials Urge Congress and the Trump Administration to Find Ways to Include New Investments As Part of the Tax Reform Proposal to Reverse Declining Infrastructure Investments, Boost Economy
The Boulder Group Publishes 3rd Quarter Net Lease Market Research Report
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 3rd quarter activity in the National Net Lease Market.
PAMELA HUGHES PATENAUDE SWORN IN AS HUD DEPUTY SECRETARY BY VICE PRESIDENT MIKE PENCE
Pamela Hughes Patenaude is the new Deputy Secretary at the U.S. Department of Housing and Urban Development (HUD). Following her confirmation by the U.S. Senate on September 14th, Vice President Mike Pence administered the oath of office to Patenaude yesterday evening
Shipping-Container Homeless Housing Coming to Los Angeles
KTGY Architecture + Planning has unveiled designs for Hope on Alvarado, a new building that will be the first of a series of housing developments in highly walkable communities, providing support services for individuals transitioning from homelessness.
Homeowners Who Remodel Gain Equity and Enjoyment, Say Realtors®
Homeowners who take on remodeling projects gain not only equity and more resale value in their home, they are also more likely to find satisfaction and enjoyment from their home, according to a new report from the National Association of Realtors®, with insights from the National Association of the Remodeling Industry.
Millions of Middle-Income Homeowners Stand to Lose Under “Big 6” Tax Proposal
A group of legislators and administration leaders known as the “Big 6” today released an outline for comprehensive tax reform that if enacted, according to the National Association of Realtors®, could lead to a tax on homeownership for millions
Bipartisan Flood Insurance Reform Passes House
The House voted 264-155 today for legislation that includes a bipartisan effort to encourage the creation of private flood insurance markets in an effort to provide homeowners with more coverage options at more affordable rates.
HUD AWARDS $2.1 MILLION TO PROMOTE JOBS, SELF-SUFFICIENCY FOR PUBLIC HOUSING RESIDENTS
To help public housing residents become self-sufficient, the U.S. Department of Housing and Urban Development (HUD) today awarded $2 million in grants to public housing authorities and non-profit organizations across the nation to hire or retain service coordinators to help residents find jobs and educational opportunities.
Institute Bids Farewell to a Pioneering Industry Council
This past week, the National Institute of Building Sciences Board of Directors voted to sunset the Sustainable Buildings Industry Council (SBIC). Founded in 1980 as the Passive Solar Industries Council, the independent, non-profit organization that later became the SBIC was a pioneer advocate of the whole building approach to sustainable facilities.
Pending Home Sales Fall 2.6 Percent in August; 2017 Forecast Downgraded
Pending home sales sank in August for the fifth time in six months, and slower activity in the areas hit hard by Hurricanes Harvey and Irma will likely pull existing sales for the year below the pace set in 2016, according to the National Association of Realtors®
Statement from NAHB Chairman Granger MacDonald on GOP Tax Plan
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the tax plan put forth by the White House and GOP congressional leaders
Mortgage Applications Slightly Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 22, 2017.
PHILLIP G. NICHOLS OF PIRCHER, NICHOLS & MEEKS AWARDED 2018 LAWYER OF THE YEAR...
Pircher, Nichols & Meeks LLP (Pircher), a national real estate law firm with offices in Los Angeles and Chicago, announced today that one of its founding members, Phillip G. Nichols, has been named Lawyer of the Year for Real Estate Law in Los Angeles by Best Lawyers®. Nichols was previously honored with this award in 2012 and has been recognized by Best Lawyers® since 2001
Commercial/Multifamily Mortgage Debt Rises to $3.06 Trillion
otal commercial and multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter of 2017, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA)'s Commercial/Multifamily Mortgage Debt Outstanding report.
