News

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.

HUD recently released its Understanding Whom the LIHTC Serves: Data on Tenants in LIHTC Units as of December 31, 2017 report, which summarizes data received from the state housing finance agencies (HFAs) that administer LIHTC.

The Delaware State Housing Authority (DSHA) deadline submission for the 2020 LIHTC application will continue to be Thursday, April 30, at 3:00 pm ET. No new applications will be accepted after this deadline.

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.

NH&RA is hosting a members-only town hall to provide a forum for affordable housing owners and operators to share COVID-19 best practices on Thursday, March 26 from 3:00-4:30 pm EDT.