FHLB Financing: An Affordable Housing Secret Weapon

FHLBanks deploy capital directly from their earnings, not taxpayers, and are one of the largest collective sources of home mortgage and community credit in the country.

ULI Spring 2012 Meeting: Transit Corridor Property Tour

MHN attended a property tour entitled “Connecting the City of Charlotte: Exploring the Award Winning Transit Corridor” during the Urban Land Institute’s Spring Meeting held in Charlotte, N.C. Here are some photos taken during the tour.

APARTMENT MARKET STATISTICS: June 2012

Multi-Housing News’ June 2012 Apartment Market Statistics section shows that permits continue to exceed 200,000 units for the fourth consecutive month, and condos and coop sales are higher than in 2011.

APARTMENT MARKET STATISTICS: May 2012

Multi-Housing News’ May 2012 Apartment Market Statistics section showed that apartment fundamentals continued to roar ahead.

NHYC, NHC Honor Affordable Housing Leaders at Annual Symposium

National and local affordable housing leaders were recognized for their incredible commitment to affordable housing and for their support of economic growth, job creation and recovery.

APARTMENT MARKET STATISTICS: December 2011

The multifamily industry’s vital statistics are presented in the December 2011 issue of Multi-Housing News.

APARTMENT MARKET STATISTICS: November 2011

The multifamily industry’s vital statistics are presented in the November 2011 issue of Multi-Housing News.

‘What Renters Want’ with Jessica Fiur: Anything Goes: What It Takes to Get that Lease Signed

Apartments don’t just sell themselves. You might have tons of natural light, a modern chef’s kitchen and be located near transportation, but, then again, so is your competitor’s place. So then real estate agents and developers must reach in to their bag of marketing tricks. Staging an apartment is probably the easiest, and most effective, way to hook renters. As all writers know, the most difficult thing about writing anything–book, article, grocery list–is staring down that black screen. Once something–anything–is on that page, it becomes a lot easier. Same goes for apartments. Blank walls are terrifying. Add some beautiful paintings,…

‘What Renters Want’ with Jessica Fiur: The Cooking Show Phenomenon, and How It Changed Multifamily

A few years ago, I had no idea what creme fraiche was. I didn’t know beets could be made into foam (or why anyone would want them to be. I’m actually still trying to figure this one out). Actually, to be honest, I didn’t even know how to boil an egg. Seriously. Don’t judge. But all that changed with the influx of cooking shows such as “Top Chef,” “Iron Chef,” “Diners, Drive Ins and Dives”…the list goes on. Suddenly I don’t just know how to cook, but I want to. And it’s not just me. Everyone watches these shows now,…

Effect of Home Mortgage Interest Tax Deduction on Multifamily Real Estate

By: Jeffrey A. Kohn, Esq. There have been a number of proposals to reduce or eliminate 26 U.S.C. § 163(h) of the Internal Revenue Code, which currently allows home mortgage interest to be deducted for federal tax purposes (the “Mortgage Interest Deduction”) subject to certain limitations. Currently, most taxpayers that elect to itemize may deduct the interest on their mortgages on their federal income tax returns.  There are two important limitations on the Mortgage Interest Deduction: (1) the deduction is limited to interest on debts secured by a principal residence or a second home and (2) interest is deductible on only the first…