Property Management News
Fannie Mae has launched a new financing program to support the creation and preservation of workforce housing for middle-income renters. The agency created the new Sponsor-Dedicated Workforce product in an effort to build and preserve workforce housing by incentivizing borrowers to place rent restrictions on properties for the life of the loan, according to a press release. The program will be offered to borrowers who agree to make at least 20% of units at a multifamily property affordable to households earning between 80% and 120% of the area median income. Compliance will be confirmed annually by Delegated Underwriting and Servicing lenders. Workforce housing continues... Read more
New York’s rent stabilization laws, amended in 2019, are arguably the most stringent in the country. Challenges to New York’s rent regulations are not new, and come...
In the realm of property management, the scope of fair housing laws extends to holidays and the adornments associated with them. Ensuring adherence to these laws is...
The agency reinstated a 2013 rule on determining when a provider has been biased against a resident. Under the Fair Housing Act, it is unlawful for a seller, lessor,...
The Department of Housing and Urban Development said that fair market rents for fiscal year 2024 will rise about 12 % nationwide and that it has increased funding for...
The landscape of fair housing has been continuously evolving. One of the emerging focal points is the protection against discrimination based on the "Source of Income." While not federally recognized under the Fair Housing Act, this classification has steadily gained traction at state and local levels, expanding the purview of housing rights. Defining "Source of Income" In the realm of housing discrimination, the "Source of Income" pertains to the origin of a resident's lawful earnings or funds. This can include earnings from employment, pensions, or other regular payments, but notably, it frequently involves rental assistance programs or housing... Read more
An Oregon landlord will pay $17,000 after refusing a reasonable-accommodation request to waive a no-pet policy and allow a tenant’s assistance animals – a dog and...
Karen Cohen has a medically documented severe allergy to pet dander that causes nasal congestion, swollen sinuses, excess coughing, and, at times, a swollen throat. Due...
Key Takeaway: Understanding the responsibilities and definition of a property manager is crucial in pursuing a career in property management. Property...
As the rental housing landscape continues to evolve, so do general attitudes toward pets and their place in our lives. Today, not only do more people have pets than...
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