News

This Builder dashboard tracks how states with a stay-at-home mandate classify construction and building material suppliers.

The National Low Income Housing Coalition (NLIHC) released research notes, “The Need for Emergency Rental Assistance During the COVID-19 and Economic Crisis,” that concludes that Congress must invest up to $100 billion to keep the lowest-income households stably housed over the next year during and in the immediate wake of the COVID-19 pandemic. The report […]

Stewards of Affordable Housing for the Future (SAHF) launched a COVID-19 Resource Page through the CORES website. This is intended to be a place for resident services practitioners and frontline staff addressing resident needs to access and share useful resources and templates.

The Urban Institute recently published two blogs: The CARES Act Eviction Moratorium Covers All Federally Financed Rentals—That’s One in Four US Rental Units and We Must Act Quickly to Protect Millions of Vulnerable Renters. Urban estimates that eviction moratoria covering federally financed properties will apply to roughly 12.3 million (28 percent) of the 43.8 million […]

Market study analysts may encounter hindrances to completing work, particularly related to field work and accessing market information. If circumstances restrict analysts’ ability to complete a market study, Minnesota Housing suggests the following alternatives for information-gathering:

The Executive Committee of the National Council of Housing Market Analysts developed a memo on COVID-19’s Impact on Field Work for Market Studies, given the challenges of completing real estate analysis including site inspections during the current environment with office closures and travel restrictions.

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 […]

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.

The Internal Revenue Service (IRS) told the National Council of State Housing Agencies (NCSHA) that the ten issues for which the NCSHA requested specific guidance are all relevant to the current COVID-19 situation and under active consideration by IRS while they await guidance from Treasury about how to proceed.

The Department of Homeland Security (DHS) has designated the construction of housing as an “Essential Critical Infrastructure Workforce,” as well as leasing, property management and maintenance personnel. This is not a mandatory federal order; this is guidance from DHS that states can follow.

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.

The Institutional Property Advisors (IPA) and Marcus & Millichap surveyed multifamily owners, operators and developers representing nearly 900,000 units across the country to gauge their market sentiment.