Multifamily rental properties will see a decrease in vacancies as well as modest rental increases next year.
A new lending program from Enterprise and the National Housing Trust Community Development Fund has been launched, which will provide nonprofit owners and developers capital to jump-start green retrofits of affordable rental communities.
Occupancy rates for seniors housing fell in the first quarter of 2010, while rent growth continued during the same period, albeit at a slower pace than in the previous two years.
Multifamily is the only sector of commercial real estate that can expect increased demand in the second half of 2010.
A majority of consumers, 76 percent, deem renting to be more favorable than owning a home in the current real estate market.
Patricia Bowen talks to MHN about the major compliance challenges.
Obama Administration Wants Additional Funding for Neighborhood Stabilization, As One City Continues to Feel Pain
Obama Administration will work with Congress to find up to $1 billion in additional funding for the Neighborhood Stabilization Program
According Fannie Mae, about 284,000 multifamily housing units started nationwide in 2008.