Last month, the Department of Housing and Urban Development (HUD) announced the removal of the $25 million loan amount cap for transactions under the Low-Income Housing Tax Credit (LIHTC) Pilot Program. Heralded as a massive win for affordable housing, this opens the door to more investment in a sector where tenant demand outweighs available supply.
Environmental, social, and governance (ESG) programs do more for a company than meets the eye. This emerging framework, which reimagines how corporations interact with the world around them, can boost profitability and valuation. But did you know ESG programs also provide lesser-known benefits that are equally valuable to investors and other stakeholders?
Utah is quietly having a moment. Already a national leader in natural population increase and state-level population growth, its nexus of metros, including Salt Lake City, Provo, and Ogden, has attracted increasing numbers of young, high-income renters due to its affordability, robust labor market, and exciting outdoor activities.
SFR’s significant structural support has enabled it to take noticeable steps forward, while other commercial property types have been merely treading water.
Forty years ago, Ivan Kaufman, a first-year law student at Hofstra, planted the roots of what would become Arbor Realty Trust. To commemorate the company’s founding and growth, a group of employees planted an Eastern Red Cedar tree, a symbol of strength and resilience, at Tanglewood Preserve in Rockville Centre, NY, this week.
Most rental markets from New York City to San Francisco are tight right now, but are some feeling the pinch more than others? To answer this question, Chandan Economics created a matrix that analyzes rent growth and rental occupancy rates to find out which metro markets have the highest demand for rental housing.
Did you know? As a longstanding U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) Multifamily Accelerated Processing (MAP) lender, Arbor has closed more than 250 FHA loans – and that count is climbing. In the first quarter of 2023, amidst a volatile market, Arbor worked with borrowers to secure more than $148 million in FHA financing.
The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result.
Although smaller in share compared to the Millennials and Baby Boomers, Gen X renters are critical to apartment household formation. Relative to other age groups, more Gen X renters are likely to form households with higher incomes.
Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q3 2016.
In the age when people camp outside for days to get their hands on the latest iPhone, it should come as no surprise that some renters are always willing to pay premiums to live in the newest apartment properties.
The latest numbers from the American Community Survey confirm the importance of millennials for rental demand.
Married households and families are well-represented in small property apartments. Reflecting that skew to larger households, smaller properties account for a relatively smaller share of single renters when compared to large buildings.
In this closer look at Millennial renters, we find they are well-represented in small, low-amenity properties.
Immigration plays an important role in shoring up household formation rates and housing demand in the United States. Here’s a first look at the significance of immigration on the small property rental market.
Though large coastal metros have the highest rent levels, some smaller secondary markets have been experiencing steeper rent increases. Here is a look at the Top 20 metro areas in the United States.
How does race composition vary by the size of an apartment building? Fairly significantly, it turns out, as is demonstrated in this new look at data from the American Community Survey.
Where are America’s small apartment properties (5 to 49 units)? Which markets are growing the fastest? The data presented here is the first-ever assessment of the geographic distribution of the small asset apartment inventory.