Industry News

Senate Committee Passes FY-19 THUD Spending Bill, Significant Increase for HUD

The US Senate Appropriations Committee has approved its FY-2019 Transportation, Housing, and Urban Development spending measure (S. 3023). The Senate committee proposes an additional $4.3 billion in Tenant Based Vouchers and an additional $400 million in Project Based Rental Assistance over the House’s T-HUD funding language (which was approved by the full House Appropriations Committee on May […]

Making Sense of Jobs and Employment Data

Wall Street expectations were running high earlier this month in advance of the Bureau of Labor Statistics (BLS) March 2018 employment report. On the heels of February’s strong numbers and a string of seven straight years of private sector gains, investors projected 185,000 new jobs would be added to payrolls, and the unemployment rate would drop from its 5-month 4.1% plateau to 4.0%.

But, the anticipated April 6 report provided some lower than expected numbers—only 103,000 jobs were added in March and the unemployment rate stayed at 4.1% for a sixth consecutive month. Still there is no consensus if the news was good or bad for the economy with varied reactions from different parties.

While economists and politicians continue their debates, we cannot lose sight of the importance of these numbers to NH&RA members. In this article, I provide additional color around the monthly jobs numbers.

Opportunity, Optimism, and Insight on Detroit’s Community Development Showcased at National Housing Conference Policy Symposium

Last Friday morning, the National Housing Conference (NHC) held its Annual Policy Symposium in Washington D.C. to a welcoming audience of investors, researchers, and bureaucrats. The half-day event included an address by Detroit Mayor Mike Duggan on the city’s development, a panel of experts further discussing Detroit, and a panel discussing the growing impact and role of private-public partnerships in community development.

Member News

John Sabatier Joins Stifel’s Public Finance Housing Group

John Sabatier has joined Stifel as a Managing Director in its Public Finance Housing Group. He will be based in Stifel’s Baton Rouge Public Finance office, where he will assist developer clients and issuers across the country.

NHP Foundation Affiliate Named First CORES Certified Resident Services Program in U.S.

Operation Pathways, Inc. has been selected as the first Certified Organization for Resident Engagement & Services (CORES) by the Stewards of Affordable Housing for the Future (SAHF). The CORES Certification recognizes organizations that have “developed a robust commitment, capacity, and competency in providing resident services coordination in affordable rental housing.”

Beacon Communities to Host Groundbreaking at North Square at The Mill District

Beacon Communities will host a groundbreaking ceremony at 2 p.m. on June 14 with state and local officials and community members for a long-awaited mixed-use development at North Square at The Mill District.