Property Management News

As rents and eviction rates rise across the country, more cities and states are debating rent control policies, which housing advocates say are needed to keep more people in their homes. Affordable housing experts say rents in booming housing markets and in commuter towns have been rising too much and too quickly, putting the most pressure on the poorest residents and fueling the country's homelessness crisis. "The difference between housing and food is you can eat less, but with housing, at some point you'll be homeless," said Gary Blasi, a public interest lawyer and housing rights expert in Los Angeles. "The market says you can have all the housing you can... Read more

FHA loans and financing from debt funds are two options for multifamily developers while banks scale back on their real estate activity. Apartment developers are finding ways to pay for new construction projects–without using loans from traditional banks. For years, multifamily developers have relied on large, short-term loans from banks to finance the construction of new apartment buildings. But rising interest rates and a string of banks failures—most prominently Silicon Valley Bank, Signature Bank and First Republic Bank—have thrown a shock to capital markets. Other banks are encumbered with existing real estate debt that they are concerned about—particularly on the... Read more