NH&RA Launches COVID-19 Website, Discussion Forum

In response to the mounting Coronavirus public health crisis, NH&RA launched a dedicated section of our website to keep stakeholders apprised of the evolving guidance. The webpage lists all news stories with the COVID-19 tag in the order in which they were added and stories can be filtered by state.

NH&RA is pleased announce a new created online discussion forum dedicated to helping our members navigate the COVID-19 crisis.  Members can post questions, share strategies and/or resources relevant to the rapidly evolving Coronavirus pandemic and how it impacts multifamily and affordable housing.

Third Coronavirus Package Enacted, Negotiations Begin on Fourth Package

The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act), H.R. 748, was passed by the House by a voice vote and signed by President Trump on March 27. The House and Senate are both out until April 20, but work has already begun on drafting a fourth Coronavirus aid package. The package is likely to include funding for health systems, frontline healthcare workers, infrastructure, state and local governments and rebates to families and individuals.

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HUD Releases FY 2020 Income Limits

HUD released Fiscal Year (FY) 2020 Income Limits, which are effective as of April 1, 2020. Income limits are set by HUD to determine the eligibility of applicants for HUD’s assisted housing programs. The FY 2020 Multifamily Tax Subsidy Projects (MTSP) Income Limits were also announced and go into effect as of April 1, 2020.

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Leading Voices in Real Estate: Spencer Levy, CBRE on COVID-19’s Impact on Commercial Real Estate

The Leading Voices in Real Estate podcast with host Matt Slepin recently held a special episode on COVID-19’s Impact on Commercial Real Estate with  Spencer Levy, chairman, Americas Research & senior economic advisor at CBRE. Levy outlines the potential implications the pandemic has across various sectors including multifamily, retail, industrial and office and digs into the impacts on a few specialty product types like co-working, seniors housing, data centers and self-storage.

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Economic and Fixed Income Insights, March 31, 2020

Markets have taken a more positive tone over recent trading days with the Federal Reserve/s “whatever it takes” quantitative easing measures and the passing of a historic $2 trillion relief package.  Equities rallied on the week, and municipal yields reversed dramatic upswings from the week prior.  Yields remain volatile, but the primary offering market is starting to see some activity returning after being gridlocked by a liquidity crunch.

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